Gambling revenue in the NHL could enable franchises to reduce ticket prices for fans, according to the president of Los Angeles Kings, Luc Robitaille. The NHL and its franchises have been among the first professional sports organizations to embrace the newly legal sports betting industry in the U.S. following May’s striking down of the 1992 PASPA Act, which effectively banned…
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The UK’s advertising watchdog, the Advertising Standards Authority (ASA) has ruled against betting company Unibet in the case of a Tweet from horseracing trainer Nicky Henderson. The Tweet, which was sent on October 27, included a link to Henderson’s Unibet blog, and ASA ruled that this communication didn’t qualify as ‘editorial content’ and that it should have been made clear that the Tweet…
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A new UK-focused self-exclusion scheme has been inundated with applications in the first six months of its existence. Gamstop, which was set up in conjunction with the UK online gambling industry, offers a self-exclusion service for problem gamblers and those who feel they might be at risk. It was launched in April this year, and since launching, has taken 38,000…
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As part of a drive to improve its compliance frameworks and procedures, the well-known sports betting platform provider, FSB Tech, has signed up with SMP eGaming to create a Compliance Academy training scheme for staff and managers. Known for their work in multi-jurisdictional licensing and regulatory auditing, as part of the deal, SMP will create a Compliance Academy scheme to help…
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Bookmaker William Hill has warned that its full-year profits are likely to be lower than expected, following the government’s crackdown on fixed-odds betting terminals (FOBTs). In providing a trading update the company cited the decision, announced in May, to cut the maximum FOBT stake from £100 to £2 as a significant factor in its downgraded profit expectation, along with the action it…
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In an unusual move, NFL franchise Miami Dolphins has entered the US political arena to urge fans to vote against a betting-related amendment. On Monday, the official Miami Dolphins Twitter account advocated opposition to Amendment 3, which is on the ballot in the state during Tuesday’s midterm elections. Amendment 3 would give Florida voters the exclusive right to choose whether…
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The Netherlands’ gambling regulator the Kansspelautoriteit has taken action against an online gambling regulator and has issued a significant fine. The Dutch regulator has handed out a €350,000 fine for the Curaçao-licensed company CyberRock Entertainment NV and the Cyprus-based operator Honeydew Trading Limited for their attempts to target their product at Dutch citizens, without having a license to operate in…
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The size of the global online betting market could reach a value of $73.45 billion by 2024, fuelled by regulatory changes, technological changes and a surge in popularity. The estimate is contained in a new report by Hexa which focused particularly on the transformative effects of new mobile technology, through which gamblers are able to make secure bets quickly and conveniently.…
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Police in Taiwan have announced that there is likely to be more than NT$9.7 billion in circulation in the country in illegal betting rings focused on election betting. The National Police Agency have announced that police have searched 24 sites suspected of hosting illegal betting, arresting 40 people and seizing a large amount of computer equipment. Like many countries in…
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A new report has found that the proposed doubling of the Irish betting tax could cost the government as much as €35 million in lost revenue. The Irish gambling industry is bracing itself for turbulence next year following the decision of the Ministry of Finance to increase the country’s betting tax from 1 percent to 2 percent. According to a…
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