Related News for Uk

UK COURT GREENLIGHTS BETSSON'S NETPLAY ACQUISITION (Update)

29th March, 2017 at 15:16:22
Deal expected to complete later this week.

The High Court of Justice in the UK has sanctioned Betsson AB's GBP 26.4 million cash offer for all of NetPlay TV plc shares, satisfying the conditions needed for the completion of the deal.

Full Story: Uk Court Greenlights Betsson's Netplay Acquisition (update) »

ANOTHER FOBT RED FLAG FOR UK BOOKIES (Update)

23rd March, 2017 at 09:52:25
Fitch Ratings opines that staking limit cuts could benefit the online side of the industry.

British MP John Whittingdale's warning earlier this week that UK bookmakers should brace themselves for FOBT staking limit restrictions (see previous report) has been echoed by the respected Fitch Ratings organisation, which said in a statement Wednesday that retail betting shop operators like Ladbrokes and William Hill could be particularly hard hit if staking limits are drastically reduced.

Full Story: Another Fobt Red Flag For Uk Bookies (update) »

MARATHONBET LAUNCH MOBILE CASINO CHANNEL FOR UK MARKET

22nd March, 2017 at 12:01:49
Caters to ever increasing play on the go.

Gambling operator Marathonbet has launched a mobile casino channel in the UK market providing mobile players a selection of table, slot and card games.

Full Story: Marathonbet Launch Mobile Casino Channel For Uk Market »

UK BOOKMAKERS ADVISED TO "BRACE YOURSELVES"

21st March, 2017 at 21:54:56
Government may be about to act on FOBTs, says MP.

British MP John Whittingdale, who formally held responsibility for gambling in the UK government, warned UK bookmakers to brace themselves for some bad news on FOBTs Tuesday whilst addressing the Association of British Bookmakers' annual meeting in London.

Full Story: Uk Bookmakers Advised To "brace Yourselves" »

BOYLESPORTS HAS BIG PLANS FOR THE UK RETAIL BETTING MARKET

17th March, 2017 at 14:21:15
Undeterred by the failure of its bid to acquire betting shops dropped as a result of the Ladbrokes Coral merger, Irish bookie remains determined to open more UK shops this year.

Irish media reports are that Boylesports, undeterred by a failure to secure UK betting shops dropped as a result of the Ladbrokes Coral merger (see previous reports) remains determined to expand its UK retail operations, and is planning on opening up to 25 additional outlets before the end of this year.

Full Story: Boylesports Has Big Plans For The Uk Retail Betting Market »

SKIN BETTING ATTRACTING SEVERAL GAMBLING AUTHORITIES ATTENTION

15th March, 2017 at 16:08:44
It's a form of illegal wagering, and a danger to children, regulatory authorities concur.

The practice of wagering virtual in-game items ( skin betting ) from popular games such as CS:GO and FIFA is legally defined as gambling, the Norwegian Gambling Authority has noted in a public communication, warning operators will face tough sanctions if they offer these services.

Full Story: Skin Betting Attracting Several Gambling Authorities Attention »

LADBROKES HIT WITH GBP 70 MILLION TAX BILL

27th February, 2017 at 09:44:57
UK Tax Tribunal finds that gambling group and its auditor exploited a 2008 tax loophole.

UK online and land gambling group Ladbrokes has been hit with an expensive GBP 70 million tax bill following a ruling by the UK Tax Tribunal that the company and its auditor Deloitte intentionally avoided taxation by exploiting a 2008 regulatory loophole concerning loans between companies and third parties, thus minimising the gambling group's full-year tax due.

Full Story: Ladbrokes Hit With Gbp 70 Million Tax Bill »

TOUGH YEAR FOR WILLIAM HILL PLC

24th February, 2017 at 15:41:24
Revenues mark time as profits decline.

2016 has not been online and land gambling group William Hill's best year, judging by FY-2016 results released Friday; revenues marked time whilst profit declined, and even its once-powerful online division struggled.

Full Story: Tough Year For William Hill Plc »

MAJOR ONLINE GAMBLING OPERATOR ENTERS U.K. MARKET

21st February, 2017 at 08:50:33
Gaming Innovation Group to launch Guts.com and Super Lenny.com in the UK following grant of a Gambling Commission licence.

Norwegian online gambling group Gaming Innovation Group, fresh from a successful $400 million capital raising project and the achievement of a UK Gambling Commission licensing (see previous reports), has announced that it has launched its popular Guts.com and Super Lenny.com brands in the UK market.

Full Story: Major Online Gambling Operator Enters U.k. Market »

GIG PROVIDES OPERATIONAL UPDATE

15th February, 2017 at 19:27:22
Plots sports betting launch in UK market to complement online casino offer.

In an operational update, Gaming Innovation Group (GIG) reported continued growth in its B2B segment which delivered all time high revenues in January 2017, offset by a small decline in its B2C segment compared to the previous month.

Full Story: Gig Provides Operational Update »

GOVERNMENT EXTENDS UK GAMBLING COMMISSIONER'S TERM

23rd January, 2017 at 17:54:54
For a further 12 months.

The UK Government has extended Walter Merricks' term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Full Story: Government Extends Uk Gambling Commissioner's Term »

TABCORP ONLINE GAMBLING SOFTWARE DEVELOPMENT REVEALED

23rd January, 2017 at 08:44:19
A$20 million project involved a technical team of 188.

Australian betting giant Tabcorp's SunBets venture into the UK market in partnership with News UK last year (see previous InfoiPowa reports) represents a powerful alliance in which Tabcorp delivered the technical and betting expertise, whilst News UK provided the influence of its massive readership and media assets...but the partnership was preceded by months of technical development as an in-house technical team of 188 put together a bespoke proprietary platform in a A$20 million ...

Full Story: Tabcorp Online Gambling Software Development Revealed »

IT LOOKS AS IF GIBRALTAR MAY BE OUT OF LUCK IN ITS U.K. GAMING TAX CHALLENGE (Update)

19th January, 2017 at 15:47:39
European Judge Advocate's opinion is that Britain and Gibraltar must be classed as one EU member state.

Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court (see previous 2014 InfoPowa reports), and it looks as if it may be rejected by the European Court of Justice too.

Full Story: It Looks As If Gibraltar May Be Out Of Luck In Its U.k. Gaming Tax Challenge (update) »

U.K. GOVERNMENT INTRODUCES MANDATORY HORSE RACE BETTING LEVY (Update)

14th January, 2017 at 08:31:36
Land and online bookmakers will be required to pay ten percent of their gross UK horseracing wager revenues to the industry.

The UK government has moved on the long-running horse racing levy dispute between UK bookies and the British Horseracing Authority, replacing the current and perennially contentious voluntary system with a mandatory contribution of 10 percent of revenues accrued from betting by UK punters.

Full Story: U.k. Government Introduces Mandatory Horse Race Betting Levy (update) »

SIS BECOMES SOLE SUPPLIER FOR IRISH AND UK RACING DATA

23rd December, 2016 at 12:20:59
Ends licensing agreements with contracted data providers.

SIS has become the sole provider of core race day data from U.K and Irish horse and greyhound races, to the retail and online betting sector, having exited existing licensing agreements with contracted data providers.

Full Story: Sis Becomes Sole Supplier For Irish And Uk Racing Data »



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