Betway has added to its horse racing portfolio by sponsoring the Kingmaker Chase and Kingwell Hurdle for the south west region of Jockey Club Racecourses. The company has agreed to sponsor the Grade 2 Betway Kingmaker Novices’ Chase at Warwick on February 11, which has been won in the past by greats such as Long Run and Finian’s Rainbow, along with …
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The UK government has moved forward with plans to reform UK racing’s levy, which will see the introduction of mandatory contributions from all betting operators that take bets on the sport, regardless of channel. This weekend, UK Sports Minister Tracey Crouch confirmed the government’s plans, which will see licensed betting operators charged a 10% fee on gross profits from wagers …
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The Tennis Integrity Unit (TIU) has expressed concern that the growing number of alerts it receives for suspicious betting patterns is reflective of an increased level of corruption in tennis. As part of its first annual report, the TIU said that while alerts alone were not proof of corruption, the system led to nine players and officials being sanctioned in …
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Ligue de Football Professionnel (LFP), French football’s governing body has confirmed that it has extended its partnership with national lottery and gambling operator Française des Jeux (FDJ) for a further four years. FDJ has acted as official gaming partner of LFP leagues since 2009, and will now continue its sponsorship until the end of the 2019/20 French football season. Continuing …
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With President-Elect Donald Trump taking full US Presidential duties on 20 January (inauguration date), bookmakers are wondering whether ‘The Donald’ will survive a full four-year term as leader of the United States of America. Trump who yesterday gave his first official press conference as President-Elect, having won the US Election on 8 November reemphasized to the world’s media that …
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Issuing a corporate update, Toronto TSX-listed NYX Gaming (NYX) has confirmed the appointment of Todd McTavish to its executive leadership team, taking on the group role of Chief Legal Officer (CLO). McTavish will be charged with leading NYX group legal and compliance functions across all divisions of NYX expanded operations following the firm’s significant growth via multiple acquisitions within the …
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Historic UK racecourse Kempton Park (Surrey) could be closed down by The Jockey Club as the racing group looks to secure approximately £500 million from its property in order to fund future racing projects. Yesterday Jockey Club governance in partnership with Redrow Plc submitted planning process proposals to Spelthorne Borough Council who had recently issued a ‘call for sites’ to …
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Christmas 2016 will be a festive period to forget for betting operators, as the industry counts the cost of December’s congested English football schedule. Closing its 2016, betting operators are reported to have been hit by industry-wide losses of over £100 million as heavily backed football favourites won their respective matches, with some bookmakers expected to report losses of circa …
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A tough December has seen FTSE 250 operator William Hill Plc issue a second profit warning for its full-year 2016 guidance following a set of ‘customer friendly’ results in its football and racing markets. Publishing a trading update, William Hill governance detailed to investors that closing its full-year 2016 performance, the firm’s earning guidance would be ‘at the bottom end’ …
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Asian gambling operator Melco Crown Entertainment (MCE) has undertaken a senior executive restructure as the firm seeks to reverse its declining corporate performance. A raft of executive changes was confirmed by MCE CEO Lawrence Ho, who has assumed greater control of the company following last December’s equity sell-off by James Packer’s Crown Resorts. Aiming to reverse the declining performance of …
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