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Tax impact warning from Paddy Power

Irish tax risk may force gambling group to rethink an investment in 750 new jobs The online and land gambling group Paddy Power, which released a strong set of results this week , has warned the Irish government that new tax proposals could trigger a reconsideration of its future plans, which include the creation of 750 new jobs...

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Good Full Year Results In Prospect For Paddy Power

Latest business update shows that World Cup betting helped boost earnings The UK online and land betting group Paddy Power reported in a trading update this week that it is on track for good 2010 full year results that will likely show a 30 percent rise in earnings. The update notes that in the second half of its financial year the company benefiting sign...

General Sportsbook News

Online Sportsbook Takes GB Group On Board

Identity verification specialist will help guard against underage gambling and fraud. The Chester, UK based online identity verification specialist GB Group has announced that it has been chosen to partner a major Asian-targeted online sportsbook, 12Bet.com. The sportsbetting company recently launched an Isle of Man-based European operation incorporating...

General Sportsbook News

Betfair In Philippines Gaming Deal?

Online gambling giant given option to take up a 40 percent stake in online gaming firm The UK and Australian-based Betfair online gambling group has been given an opportunity to expand into the Pacific Ring market following an offer from Manila, Philippines-based Diversified Financial Network Inc.(DFNN), reports the Philippine Daily Inquirer. DFNN reporte...

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Sports Betting Firm Extends Football League Sponsorship

Casinos Austria subsidiary signs up for a further three years Online sports betting company Tipp3.at, which is a subsidiary of the Casinos Austria group, has signed an agreement to extend its sponsorship of the Austrian Bundesliga domestic football league for a further three seasons. The sponsorship agreement will see the ten-team Bundesliga division know...

General Sportsbook News

Bwin H1 Results Released

Marketing expenditure on the World Cup and French start-up dent Q2 numbers In accordance with stock market rules following the proposed merger of Party Gaming and Bwin, Party Gaming issued a press release to the London Stock Exchange Thursday providing detail on Bwin's performance in the first half of 2010. H1 highlights included: * Gross Gaming revie...

General Sportsbook News

Sportingbet, 888 Most Likely Merger Targets

But US positions will have to be resolved first In a speculative article this week the Reuters news agency considered the online gambling scene following the merger between giants Party Gaming and Bwin Interactive, commenting that 888 and Sportingbet are possible future takeover targets as the industry consolidates, but only once their legal liabilities in th...

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Israeli Crackdown Continues

Injunctions served on ISPs for Victor Chandler, Stan James gambling sites The Israeli police crackdown on ISPs serving internet gambling sites continued unabated this week, with the publication Calcalist reporting that the police, supported by tax officials and the State Prosecutor's Office are still serving injunctions on internet service providers requiring...

Sports Society News General Sportsbook News

Another Short Executive Tenure

Richardson departs Boyle Sports after only 5 months "for family reasons." Online gambling executive Lee Richardson, who signed on at Boyle Sports just five months ago as chief executive, is departing "for family reasons" according to company spokesmen. Richardson will hand over his CEO responsibilities at the end of this (August) month to the founder and...

General Sportsbook News

Betfair To Launch Massive Marketing Campaign

'Cut out the middle man' is the theme for betting exchange drive The British marketing publication Brand Republic reports that online gambling group Betfair is about to launch it's largest yet marketing campaign. The television and online campaign will be rolled out across the UK and Europe from this Saturday (21 August) with the aim of growing the bettin...

General Sportsbook News

Real Money iPhone App From Paddy Power

More mobile competition for Betfair and Tabcorp The UK online and land gambling group Paddy Power has joined rivals Betfair and Australia's Tabcorp in launching a real money iPhone app. The new facility can be downloaded from the iTunes App Store and is powered by the Mobenga mobile technology company. The app is a dow...

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Chinese Online Gamblers In Court

High rollers spent Yuan 51 million on World Cup bets Four Chinese men picked up in raids by the Shanghai police in June this year for facilitating online betting on World Cup football games have appeared in court, accused of helping more than 20 gamblers to wager a total of 51 million yuan (around $7.5 million) through an unidentified illegal offshore online...

Sports Society News General Sportsbook News

Betfair To Launch Online Trading Facility

Online gambling group is branching out into other sectors The London publication CityAM reports that internet betting group Betfair plans to roll out an online multilateral trading facility in London later this year, using its proprietary software platform and financed initially by start-up capital from the main group. Betfair received FSA regulatory appr...

General Sportsbook News

Ladbrokes To Beef Up In-Play Facility

The importance of in-play betting prompts betting firm to improve on its offering The recent football World Cup illustrated yet again how popular the concept of in-play betting is with a wide range of punters, with some companies reporting that as much as 65 percent of their betting action came in via in-play facilities. UK betting group Ladbrokes has cle...

General Sportsbook News

Sportech Offers New Football Pools Product

The Football Pools claims to deliver margin-enhancing results. Sportech plc subsidiary The Football Pools has launched a modern version of the traditional prediction games with a brand new website, Football Pools.com. The company claims that the product enables operators to offer their punters more game content and an increased chance of winning life-chan...

General Sportsbook News

Sportingbet May Go It Alone In France

Entry to recently liberalised market delayed. Speaking to EGR last week, Jim Wilkinson, the finance director of Sportingbet plc, revealed that the group's entry to the French market is again on hold despite its previously announced partnerships with the Le Monde and L'Express newspapers. Wilkinson said that the business-to-business partnerships with the t...

General Sportsbook News

Betfair App For iPad

Online gambling group joins the i-technology race The Betfair online gambling group as launched another advanced technology application bringing its services to iPad users with the first sports betting app. Launched in time for the start of the UK football Premier League season, the new app. Is a port of the popular iPhone app already launched by the com...

General Sportsbook News Sportsbook Software

Offside Gaming Signs Botsphere For Sports Book Services

Pre-match and live match facilities involved in agreement Sportsbook technology provider Offside Gaming has announced an agreement with Botsphere to run both its pre-match and live match facilities via the Botsphere Rightprice system. Botsphere has pioneered the use of algorithmic trading to optimise sportsbook performance and works alongside some of the...

General Sportsbook News

Sportsbetting Firm Achieves Isle Of Man Internet Gambling Licence

Novibet the latest to meet island jurisdiction's standards The Isle of Man government has revealed that its latest online gambling licensee is e-sports betting company Novigroup Limited, which owns the domain Novibet.com. The company has been awarded an e-gaming licence by the Isle of Man Gambling Supervision Commission (GSC), allowing it to operate on the I...

General Sportsbook News

Sportingbet In Football Sponsorship Deal

Online gambling group signs with Leeds United FC The global online gambling group Sportingbet has announced that it has signed a three year partnership with Leeds United FC to commence at the start of the coming 2010/11 nPower Championship season. The deal sees Sportingbet expand its existing sponsorship portfolio that already includes properties within f...

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