Flutter Entertainment’s Betfair Australia has confirmed that it will be launching a new betting exchange on horse races in Hong Kong, despite not being sanctioned by the Jockey Club. Set to begin on 1 September, which coincides with the start of the Hong Kong 2019-20 racing season, Betfair Australia is due to offer exchange punters the opportunity to wager bets …
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New Zealand’s ‘Racing Industry Transition Agency (RITA)’, the body charged with overseeing the restructuring of NZ racing, has secured a new deal which sees Flutter Entertainment’s Australian market subsidiary Sportsbet launch live streaming of races driving new audience engagements. The partnerships will see Sportsbet host live streams of NZ thoroughbred and harness racing fixtures, with further coverage of greyhound racing events, …
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With only 79 days until the UK is pencilled in to leave the European Union, horse racing stakeholders continue to make preparations in anticipation of potential disruptions to the sport and further impacts on betting markets. The Financial Times reported this morning that a no-deal Brexit – which at present appears to be the UK’s likely outcome – will threaten …
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Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …
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GVC Holdings has this morning communicated that the UK’s ‘five leading betting operators – bet365, GVC, Flutter Entertainment, Sky Bet and William Hill – will establish an ‘independent committee’ recommending ‘how to best administer funds’ attached to safer gambling initiatives. Leadership of the betting operators’ have tasked Lord Chadlington (Peter Selwyn Gummer), a vocal campaigner on safer gambling measures, to chair …
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Addressing the House of Commons this afternoon, Jeremy Wright – UK Secretary of State for Culture, Media and Sport – said that the government is still reviewing the option of introducing a ‘mandatory levy’ to help national health stakeholders raise funds and resources for tackling problem gambling harms. Wright has acknowledged the ‘commitment of increased funding’ pledged this morning by leading …
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Eight gambling operators, including Flutter Entertainment and GVC Holdings, have fallen foul of Spelinspektionen after it was revealed that the operators had been offering betting markets on events where the majority of the players were under the age of 18. Bet365, GVC, The Stars Group, Flutter Entertainment, Gaming Innovation Group (GiG), Bethard Group, Casinostugan Limited and Polar limited had all …
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Five of the industry’s big guns have shed light on recent revelations that there would be a collaborative effort in improving problem gambling initiatives by boosting levy contributions from 0.1 per cent up to 1 per cent over the next five years. It was reported by the BBC yesterday that CEOs from Bet365, Flutter Entertainment, GVC Holdings, Sky Betting & …
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The governances of bet365, William Hill Plc, Flutter Entertainment, Sky Bet and GVC Holdings have pledged to the UK government that they will commit to increasing ‘voluntary contributions to 1% of gross-gaming-yield revenues’ – helping raise funds for UK problem gambling addiction, treatment and research initiatives. This morning the BBC reports that the UK Department for Digital, Culture, Media and Sport (DCMS) has …
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Publishing its latest update, the Argentine Provinces Board for Lotteries and Casinos (IPLyC) – the overseeing body of Buenos Aires’ newly sanctioned online gambling framework – has disclosed a clearer picture of which enterprises will compete for its seven BA licenses. Updating stakeholders, IPLyC confirms that international operators’ BetCris and Betway have secured Argentine partnerships allowing them to bid for …
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