Betting technology provider Sportech has been cleared of its long running ‘Spot the Ball’ £97 million VAT repayment dispute with Her Majesty’s Revenues & Customs (HMRC). Today the UK Court of Appeal ruled unanimously in favour of Sportech’s case against HMRC which argues that the company was owed £40 million in VAT, plus added interest, on ‘Sport the Ball’ competition …
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Betsafe taking Gumball 3000 to the next level with F1 car
Team Betsafe has participated in the Gumball 3000 Rally for years now but this time around it’s stepped things up a gear by bringing an F1 car to select locations. This year’s route features two new locations, with the journey from Dublin to Bucharest and the bookmaker’s BGF1, as seen below, will be on hand. The rally got underway in Dublin …
Read More »Amaya CEO David Baazov denies all AMF insider trading charges
Amaya Inc CEO David Baazov has officially pleaded ‘not guilty’ to multiple charges of insider trading put forward by Quebec’s Securities Regulatory Authority (AMF) Baazov who has placed himself on voluntary leave as CEO of Amaya Inc denies five offences of aiding Toronto TSX trades whilst in possession of privileged information that could influence or manipulate market pricing. On 23 …
Read More »bet365 challenges Bulgaria SCG licence revoke
bet365 is set to take the Bulgarian national gambling regulator to court appealing its restriction to operate in the country. Industry legal news source Gambling Compliance details that a bet365’s appeal against Bulgaria’s State Commission on Gambling (SCG) was heard yesterday by the Administrative Court of Sofia, with a further hearing scheduled for 5 May. SCG governance had granted bet365 …
Read More »Oleg Voronko – Esportsfield – Providing a platform
With more and more looking to find a way into esports, and an increasing number of non-endemic sponsors looking to move into the space in some form companies that provide a helping hand stand to do rather well. As a B2B platform provider and host Esportsfield is one such company. We spoke to Co-Founder and Head of Product Oleg Voronko about …
Read More »Serbian Basketball League signs Sportradar integrity deal
Sportradar has signed a deal with the Serbian Basketball League (KLS) which will see the Serbian Superlige monitored by Sportradar’s integrity services. The company’s Fraud Detection System will monitor betting across over 450 betting operators, looking over the remaining matches in the current season from today onwards, as well as the upcoming season’s games. KLS Director Leon Deleon explained the …
Read More »ESSA responds to Australian review of illegal offshore wagering
ESSA have issued a response to the Australian review of illegal offshore wagering, citing the Interactive Gambling Act of 2001 and stating that Australia had enforced an inconsistent position on in-play (or live) betting. The following points from ESSA covered the inconsistency of this approach: Australia has enforced an inconsistent position on in-play (or live) betting. The Interactive Gambling Act …
Read More »NYX Gaming 2015 results impacted by acquisition and restructuring expenses
Presenting its full-year 2015 results (period ending 31 December), Toronto TSX-listed gambling technology provider NYX Gaming Group posted a mixed set of top line performance metrics. Closing 2015, NYX would record a revenue uplift of CAD $ 52 million 91% up on FY 2014’s CAD $ 28 million. NYX’s revenue uplift would transfer to Group Profits of CAD $45 million …
Read More »Coral promises to improve AML processes after £880,000 pay out
Gala Coral have been ordered by the gambling regulator to pay out nearly £880,000 for taking £846,000 from a problem gambler who was using the proceeds of theft to feed his habit. The perpetrator of the crime, a customer between 2012 and 2015, has been jailed for three years, and Gala Coral have promised to ‘take steps to improve its …
Read More »Orville ‘KDem’ Shannon – Empire Arcadia Silverbirds – Going Pro in FIFA
EA announced its launch of an esports division back in December 2015 with Peter Moore also announced as COO. The best known EA Sports franchise is undoubtedly FIFA, and with the latest FIFA Interactive World Cup (FIWC) televised on networks including Fox and Sky Sports, the company is aiming to continue to push the popular title further into the realm …
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