Tag Archives: Betting and Gaming Council (BGC)

Football Index £4.5m claims hearing taken to High Court

The High Court of Justice for England and Wales has taken on the hearing regarding the distribution of over £4.5 million in funds to former customers of Football Index. Begbies Traynor, the insolvency practitioners for Football Index parent company BetIndex, initially began to process claims against the company in April, one month after the operators collapse.  After the firm initiated …

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BGC announces global sports safeguarding partnership with IBIA

The Betting and Gaming Council (BGC) has announced a global partnership with the International Betting Integrity Association (IBIA) to enhance cooperation on the promotion and safeguarding of sporting integrity. Representing the largest regulated sports betting operators in the world, the Memorandum of Understanding will see the two organisations collaborate on the coordination of their respective global activities in both existing …

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Begbies Traynor initiates BetIndex customer hearings

Begbies Traynor, the insolvency practitioners for BetIndex, initiated the process of allocating funds to former Football Index customers at a hearing in the Royal Court of Jersey today. The company was initially appointed as BetIndex’s insolvency practitioner in late March following the initial collapse of Football Index and began processing customer claims against the company in April. In a statement …

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Football Index addresses investors on losses distribution

Football Index has released a statement addressing the distribution of lost finances to its customers, two months after the operator entered administration. Begbies Traynor, the insolvency practitioner of Football Index’s parent company BetIndex, initially began to process customer claims against the company in April. The claims process was available to all users of the football player trading platform, including those …

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Paddy Power reopens English and Welsh betting shops

Flutter Entertainment’s Paddy Power has announced the reopening of its English and Welsh high street betting shops, although Irish outlets will remain closed. Setting out social distancing measures and COVID-19 safety guidelines, only two gaming machines will be operational in each outlet whilst a maximum capacity of eight customers has been established. Bettors can only visit a shop for no …

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‘Another step towards normality’ as Scottish betting shops reopen

Scottish retail betting shops are reopening their doors to customers today (26 April) after four months of inactivity due to COVID-19 lockdowns. The safe reopening of Scotland’s high street betting outlets has been described as ‘another step towards normality’ for the industry, its employees, bettors and the British economy in general by Michael Dugher, Chief Executive of the Betting and …

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BGC: Betting retail reopening ‘great news’ for industry and economy

 Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has described the reopening of the retail betting sector as ‘great news’ for both the industry and the UK economy. Under the UK government’s four-stage plan for the easing of national lockdown restrictions in England and Wales, around 6,000 retail bookmakers will unlock their doors and resume trading for the first time …

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UK Ministers to launch Football Index probe

UK government Ministers are reportedly planning to launch an investigation into the collapse of ‘football player trading exchange’ Football Index. The Times reported that legislators are ‘deeply concerned’ by the collapse of the operator, after users lost over £100 million following its crash into insolvency. “This case further reinforces the need for our comprehensive review of gambling laws,” a government …

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Betting industry’s sports contribution highlighted in BGC report

A recent report commissioned by the Betting and Gaming Council (BGC) has focused on the financial contribution made by the industry to the UK’s sports sector and the wider economy. The study, conducted by Ernst & Young, highlighted the £40 million received by the English Football League (EFL) and its clubs from the industry, in addition to over £10 million …

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GBGB’s Mark Bird reiterates commitment to greyhound welfare

Mark Bird, Managing Director of the Greyhound Board of Great Britain (GBGB), has confirmed the standards body’s commitment to greyhound welfare, welcoming the launch of a new Betting and Gaming Council (BGC) initiative. The MD praised the recent announcement that all BGC members taking bets on greyhound racing will pay into the British Greyhound Racing Fund (BGRF), generating an additional …

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