The UK tax authority HMRC has declared that it intends to implement new regulations relating to industry free bets, bonuses and ‘discounted’ gaming. Updating the industry, HMRC detailed that the government would proceed with a ‘slightly revised option’ of its initial proposals in its incoming 2017 ‘Finance Bill’ in which it aims to reduce stakeholder burdens, whilst still achieving its …
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The Racing Post has landed a treble at the 50th annual Horserace Writers & Photographers’ Association Derby Awards in London, with Tom Kerr, Edward Whitaker and Patrick McCann all scooping awards. Kerr edged out Chris Cook and Greg Wood of The Guardian and freelance Kevin Blake to clinch the Writer of the Year prize, won last year by his Racing …
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Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …
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FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …
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Business news sources have reported that around £1 billion has been wiped off the value of UK-listed spread betting operators, following the Financial Conduct Authority’s (FCA) industry clampdown on ‘contract for difference’ (CFDs). Yesterday the regulatory body proposed a number of new measures aiming to protect inexperienced consumers and improve overall industry standards. The measures include the introduction of risk …
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Updating its clients and stakeholders, Racecourse Media Group has informed that it will begin to broadcast racing content from Hong Kong on UK TV channels of Sky 432, Virgin 536 and Freeview 231. Having entered a content partnership with the Hong Kong Jockey Club (HKJC), Racecourse Media extends its Asian racing coverage. Moving forward the specialist broadcaster will now show …
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The governance of gambling technology provider Novomatic Group (Novomatic) has confirmed that it has completed its acquisition of the Albanian National Lottery, strengthening the firm’s footprint within Eastern European gambling markets. The deal sees Novomatic take over Albanian Lottery asset ‘Lotaria Kombëtare’ which was granted a 10-year license in 2012 for the provision of lottery services to Albanian consumers. Novomatic …
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Updating the market, industry platform provider FSB Technology (FSB) has confirmed that it has entered an agreement to supply football news, stats and insights portal Squawka (Squawka.com) with its fully optimised sports betting solution. Squawka one of the internet’s most popular football portals with an estimated following of + 6 million viewers a month will integrate FSB provisions launching its …
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Following today’s ‘Extraordinary General Meeting’ (EGM), shareholders of Stockholm-listed Unibet Plc have approved the firm’s proposed name change from ‘Unibet Group Plc’ to Kindred Group Plc. Updating company stakeholders, Unibet governance detailed that its expects its first full day of trading under the Kindred Group name to be on Monday 12 December 2016. This September Unibet governance issued a corporate …
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It’s been quite a year for political betting junkies. From Brexit to Trump, and via some tasty markets on who, variously, would be the next leader of the Tory party, the Labour Party and UKIP, those with an eye on the front pages have been enjoying a year to remember. But it’ not over yet. Those hoping for one last …
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