Gambling News 25th September, 2010

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U.S.A. ONLINE BUSINESS TO BE ACQUIRED BY SPORTECH

25th September, 2010 at 07:39:58
British online gambling group following Betfair into the American horserace sector

The British gambling group Sportech plc has announced ambitious plans to enter the US horseracing sector, having just achieved the approval of Connecticut and Maine regulators to acquire Scientific Games Racing (SGR), a subsidiary of Scientific Games Corporation (SGC). The reported purchase price agreed is $ 83 million.

Full Story: U.s.a. Online Business To Be Acquired By Sportech »

WILL IPO LIFT BETFAIR'S KIMONO?

25th September, 2010 at 07:39:58
The British taxman is allegedly investigating Betfair high rollers.

In what has to be one of the week's best quotes, Ralph Topping, the CEO of William Hill plc, observed that the upcoming launch of Betfair's IPO (see previous InfoPowa reports) would demand more transparency and generate considerable interest.

Full Story: Will Ipo Lift Betfair's Kimono? »

RUMOUR OF 2 PERCENT IRISH BETTING TAX ALARMS GAMBLING FIRMS

25th September, 2010 at 07:39:58
Winnings tax would shut 33 percent of betting shops

Speculation that Irish Finance Minister Brian Lenihan is likely to introduce a 2 percent tax on winning bets soon has seriously alarmed betting companies.

Full Story: Rumour Of 2 Percent Irish Betting Tax Alarms Gambling Firms »