World Cup 2014

Vegas betting ring busted

Eight people have been arrested after the FBI and the Nevada Gaming Control Board foiled an illegal sports betting operation within a popular Las Vegas hotel. Investigators believe the men, all of Asian origin, took wagers on World Cup games, after staff installed electronic, computer equipment and DSL lines in Caesars Palace, a luxury strip establishment. One of the defendants …

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Second quarter of record growth from GVC

GVC Holdings has revealed that trading during the World Cup was up 61% on the same period last year, with an average net gaming revenue per day of €736,000. The firm, which owns the Sportingbet brand, said that trading over this thirteen day period was assisted by the favourable results in the latter stages of the World Cup which resulted …

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Spreadex sees annual profit rise of 30%

Spread betting and fixed odds operator Spreadex has seen profits rise by nearly 30% according to the latest financial accounts filed at Companies House. The firm, which offers sports betting and financial trading from one account, posted profits before tax of £18.5m from turnover of £35.4m for the year ending 31 May 2014. Spreadex, originally formed in 1999, has seen …

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Swedish tipster wins €10k as bettingexpert’s Tipster of the Year

One of Europe’s best tipsters has scooped another €10,000 after winning bettingexpert’s Tipster of the Year competition for 2013/14. Swedish tipster ‘Zami’ came top of the leaderboard for the year after achieving a profit of €3,258.90 across almost 8,000 bets with an average yield of 4.7 per cent. He outperformed more than 1,500 other tipsters who give their tips for …

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Bookmakers count the cost of Oscar consolation

InCrowd

Germany’s 7-1 demolition of Brazil has left some bookmakers scratching their heads over how some of their punters still managed to make money from correct score predictions. Four Paddy Power customers bet on the 7-1 scoreline, with one Essex punter seeing his £5 stake turn into £2,500. Spokesperson Josh Powell commented in the Paddy Power Blog: “If you think it …

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Pinnacle Sports: Brazil bigger than Euros and South Africa combined

Phil Hudson, Acquisitions Manager at Pinnacle Sports, discusses his firm’s decision to open up the World Cup Final to $1million bets. Do you anticipate the World Cup Final to be your biggest ever betting market? Yes, we fully anticipated volume to exceed both Euro 2012 and World Cup in 2010 combined, with live and mobile components of that making significant …

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