Category Archives: Betting

Progress Play and Jumpman rack up £675k in UKGC penalties

The UK Gambling Commission (UKGC) has handed out a combined penalty of £657,000 to two online gambling businesses due to social responsibility and AML shortcomings.  Progress Play was charged £175,718 whilst Jumpman Gaming will pay £500,000, with the cash from both penalties directed towards the National Strategy to Reduce Gambling Harms. A UKGC investigation found …

William Hill expands flagship brand into Latvia ahead of 888 takeover

William Hill has secured market access into Latvia for its flagship sportsbook and casino brand, enabled by an existing holding in the country.  The UK bookmaker plans to build on its pre-existing momentum with 11.lv – which it states has become a ‘top three player’ in Latvia’s online betting and gaming market – as well …

Betclic on course for Banijay merger as SBM Monaco fund sells equity 

Société des Bains de Mer et du Cercle des Étrangers à Monaco (SBM Monaco) – the sovereign investment trust of the Principality of Monaco, has agreed to sell its 47% shareholding in Betclic Everest to FL Entertainment.  The equity sale was notified to the Luxembourg Bourse securities exchange, in which the Monaco fund disclosed that …

Three Brazilian football clubs ink sportsbook partnerships

Brazilian football clubs Palmeiras, Corinthians and America have each formed partnerships with sportsbooks Betfair, Galera.bet and EstrelaBet, respectively. Palmeiras’ two-year sponsorship agreement with Betfair will provide exposure for the online gambling company in the Verdão women’s soccer team uniform as well as in all official digital content. Similarly, Corinthians’ partnership with Galera.bet names the company …

ACI Worldwide: The importance of flexibility for combating fraud

The rapid rise of the digital economy has brought added risks, such as organised fraud and ‘friendly fraud’, requiring a more diverse and flexible security approach.  Whilst attending ICE London 2022 last month, Darren Wood, SR Solutions Consultant, ACI Worldwide, spoke to SBC Media’s Joe Streeter about the firm’s anti-fraud strategy and operations.  The evolution …

SBC Leaders latest issue goes live with new dedicated Canada section

The latest issue of SBC Leaders Magazine, number 20, is published this week with a brand new addition to the editorial format. In keeping with the magazine’s remit to pursue news and developments in new markets, it now includes a dedicated Canada section. Kicking off proceedings is an interview with Shelley White who shares her …

Flutter top boy trader Joe Lee calls end on 12-year innings

Flutter Entertainment executive Joe Lee has announced that he has ended his “12-year innings” as an employee of the FTSE100 betting group.  Lee announced via LinkedIn that he had chosen to step down from his current role as Head of Paddy Power’s UK-&-Ireland unit, a position he had held since 2018, to take on new …

BetMakers to upgrade Royal Sabah tote system with Quantum solution

BetMakers has signed an agreement with the Royal Sabah Turf Club, providing its solutions to the Malaysian racecourse operator and its betting network.  The five-year deal will see BetMakers deliver a tote betting system along with content management services at the Tambalang Race Course and the Royal Sabah’s off-course betting network, via its Global Tote …

Betway loses appeal against €10k Swedish fine

Betway’s appeal against a fine imposed by Sweden’s gambling regulator, the Spelinspektionen, has been rejected by the Administrative Court in Linköping. The Super Group sports betting and gaming brand’s case to the court was ‘rejected in its entirety’ by the court, upholding the SEK 100,000 (€9,800) fine imposed on the firm by the Swedish Gamlbling …

IMG ARENA invests in Signality to deliver future data gains  

IMG ARENA has disclosed that it has undertaken a strategic investment in Swedish compound-computing specialist Signality with a view to enhance the data gathering and processing capacity of its sportstech, media and betting product portfolio.  Founded in 2016, Signality has developed a cloud-based SaaS platform to help sports businesses/stakeholders extract live data from videos and …