The popular Irish sports betting company BoyleSports could soon change hands. Reportedly, the operator is currently discussing a potential sale of its assets to another gambling company. The Independent claims that negotiations over the potential sale are already taking place for the company, which is estimated at hundreds of millions of euros. Although the deal is kept secret, for the time being, Entain was mentioned as the gambling giant interested in making an agreement on the acquisition. The truth is that the acquisition of BoyleSports would be a major move…
Read MoreAuthor: Olivia Cole
Tabcorp Announces New AU$33-Million Investment in Socialised Online Betting Platform Dabble Sports
Tabcorp announced that it has agreed to make a strategic investment worth AU$33 million in Dabble Sports, a socialised online betting platform. The investment, which will be subject to customary regulatory conditions, including the official approval of the Northern Territory Racing Commission, involves a 20% equity interest calculated on the overall number of shares that would be outstanding in case all potential shares were issued upon Dabble Sports’ convertible securities. Through the deal, Dabble Sports will be able to appoint a director to its board, with the appointment also being…
Read MoreMatthew Tripp and News Corp Ready to Invest in New Betr Sportsbook Venture
Gambling businessman Matthew Tripp has confirmed that he plans to roll out his News Corp Australia-backed sports betting business – betr – before the Everest Carnival and the Caulfield Cup. The move is aimed at helping him attract young punters and mark rapid growth in a market that has been highly competitive. Mr Tripp reiterated that he is willing to see his new business venture, betr, become the leading force in the local betting market and noted that he may seek partnerships with other media companies or entrepreneurs on his…
Read MoreManchester City F.C. Faces Criticism over Obscure Gambling Partner 8Xbet’s Mysterious Owners
The champions of the English Premier League – Manchester City – officially unveiled their deal with the gambling operator 8Xbet in July but there are still questions associated with the identity of the company’s executives a few months after the club ended a sponsorship with another gambling company – 3key – that “did not exist”. A sponsorship agreement with 8Xbet was announced in the middle of July. At the time, the marketing department of Manchester City revealed that the deal was expected to help the fanbase of the professional football…
Read MoreAttorney-General Announces Star Entertainment as Unfit to Hold Its Queensland Casino Operating Permit
Star Entertainment Group has been announced as unfit to hold its casino operating permit in Queensland. Attorney-General Shannon Fentiman announced her inquiry findings, revealing that the casino regulatory body in the state will issue the Australian gambling giant with an official announcement as to why the company should continue operating casino venues in the state of Queensland. The announcement comes after an independent probe featuring 12 recommendations was released by the ex-Court of Appeal judge Robert Gotterson, including one that Queensland’s casino laws are amended with priority in order to…
Read MoreNew Zealand’s Sports Betting Monopoly TAB NZ Reports Revenue Decline in August 2022
The licenced body that currently offers betting services to New Zealand’s residents, TAB New Zealand, published its latest financial results covering its results in August 2022. The operator made an announcement, unveiling the ongoing effects of the Covid-19 and some other factors, such as more sellers than buyers of betting services, and shared that its overall performance in August 2022 was not better than the one in previous periods. TAB New Zealand said that its results marked one more month facing falling trends that began in April 2022. The overall…
Read MoreCustomers of Collapsed Football Index’ Betting Platform Will Be Able to Claim Their Money Back, UKGC Announces
The sports betting platform Football Index, which became notorious for its unexpected collapse and had its operating licence revoked, triggering significant concerns regarding its customers’ money, seems to have taken measures to guarantee its players’ payments. Now, it seems that the company’s customers will finally be able to get their money back, following months of concern about their funds. According to a recent update, the Jersey Court has given the nod to a new application by the liquidators of the sports betting operator, under which customers of Football Index will…
Read MoreEight UK Casino Operators to Return as Members of the ECA Following 2020 Brexit
Brexit has been reversed for eight UK casino companies after the European Casino Association (ECA) has confirmed that the country and casino operators originating from are being admitted back as members. The announcement was made at the end of September, during the ECA General Assembly held at Casino Baden in Austria. At the time, the Association confirmed that eight British casino operators have been approved to rejoin the organisation, including Les Ambassadeurs, Aspers Group, Genting Casinos UK, Crown Aspinas, Hippodrome Casino, Rank Group, Metropolitan Gaming, and others. The chairman of…
Read MoreAffiliate Partnership Agreements Bring EFL Clubs Portion of UK Gamblers’ Losses with SkyBet, Reports Say
English football clubs have been receiving a portion of the money lost by punters with SkyBet, the Guardian revealed. The reports prompted a strong wave of criticism and accusations that the football clubs are actually exploiting their supporters and people who find it hard to control their gambling. According to an internal document cited by the Guardian, members of the English Football League (EFL), which currently includes a total of 72 football clubs outside the Premier League (EPL), operated as SkyBet “affiliates”. For the time being, so-called affiliates are acting…
Read MoreBetfred’s Owner Faces £2.87-Million UKGC Fine Due to Anti-Money Laundering and Social Responsibility Failings
The UK Gambling Commission (UKGC) announced that Petfre (Gibraltar) Limited is set to pay a monetary penalty worth £2.87 million as a result of violations of some anti-money laundering and social responsibility rules. The gambling company, which operates betfred.com and oddsking.com betting platforms is also set to receive an official warning for failures in its business. As a result of a review that the country’s gambling regulator carried out in the company’s operations, it was found there were several breaches of anti-money laundering and social responsibility regulations in the period…
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