Tag Archives: FCA

Real money Android app store Betcade has confirmed that it has been approved an ‘Authorised Payment Institution’ for the UK by the Financial Conduct Authority (FCA). Updating the market, Betcade governance stated that its FCA approval market a significant milestone for its product which had been officially launched in the UK this May. Moving forward, the Betcade app store will …

At the request of the French Competition Authority (FCA), state owned horse racing operator Paris Mutuel Urbain (PMU) will separate its wagering liquidity between its retail and digital operations. PMU will move to split its wagering liquidity from 10 December, with the operator creating two separate pools for customer bets. CEO Alain Bernard announced the changes undertaken by PMU wagering services …

The decision by the UK Financial Conduct Authority (FCA) regarding Playtech’s $460 million acquisition of contract broker Plus500 has been pushed back to December. Playtech’s acquisition sees a further delay, having been stalled in September following UK regulatory delays, despite gaining approval from the Cyprus Securities and Exchange Commission. On Wednesday Plus500 governance issued a statement that the terms of …

Following a review of its $1.2 billion (£815 million) takeover of online payment provider Skrill Group, the UK Financial Conduct Authority (FCA) has approved Optimal Payments PLC (LSE) acquisition bid. Informing the market Optimal Payments governance stated that it would proceed with its full integration of Skrill Group operations, with a view to complete its takeover by 10 August. Issuing a …

Optimal Payments a key transactions/payment processor for the online gambling industry is eyeing entry into the FTSE 250 index. The payments operator is set to move from the London AIM market to the FTSE index, once it has finalised its £800 million reverse takeover of main competitor Skrill. Optimal governance is confident that the payments operator has met all regulatory …

Financial trading operator Plus500, the company which is currently a £460 million takeover target of leading igaming technology provider Playtech has proceeded to reactivate customer accounts. Plus500 sees itself at the centre of an anti-money laundering investigation by the UK Financial Conduct Authority (FCA). The regulator has halted Plus500’s abilities to trade and service transactions, which has seen the company’s share …