Bookmakers Ladbrokes could be on the verge of ending all of their on-course bookmaking activity in Ireland, in response to the doubling of the country’s betting tax. Under the tax rise, which was announced in October, the betting tax rate will double from 1 percent to 2 percent from January 2019. Speaking in the Irish media, the Director of Ladbrokes Ireland,…
Read MoreAuthor: Steven Robertson
Switzerland Legalises Online Betting
New rules that will legalise online gambling in Switzerland will come into effect on January 1 2019, but foreign operators will be outlawed. The announcement was made by the Swiss Federal Council, which was confirming the timetable for implementation of Switzerland’s new Gaming Act. The Act was approved by a nationwide referendum held in June, in which nearly three-quarters of…
Read MoreSwedish Gambling Industry Hit By Revenue Fall
The Swedish gambling industry has been hit by a decline in gambling revenue relating to the first nine months of 2018, but unregulated operators have enjoyed an increase in income. According to figures released by the Swedish gambling regulator, the Lotteriinspektionen total gambling market revenue in Sweden was up by 1.2 percent to a figure of SEK16.8 billion (€1.6 billion)…
Read MoreLiverpool Star Facing Gambling Investigation
Liverpool and England striker Daniel Sturridge is facing an investigation into whether he broke the Football Association (FA’s) rules on betting. Sturridge has been asked to explain alleged breaches of the FA code of conduct regarding betting, which is strictly prohibited under the organisation’s rules. The rule in question is E8, which is addressed to all FA registered players, managers, coaches, and…
Read MoreSearch For Formula One Betting Partner Begins
The search for Formula One’s first official betting partner is underway, following the development of new Formula One betting packages, which could be worth up to £76.8 million. The packages, which were put together in conjuction with sports data company Sportradar and first announced in September, will provide betting operators with significant television exposure through TV graphics, social media channels and…
Read MoreSports Betting Could Be On The Way In Tennessee
Tennessee could be in line to join the small group of US states that have regulated legal sports betting in their territories, after a lawmaker put forward a new sports betting bill. Rick Staples, a Representative in the Tennessee State Legislature, has pre-filed his bill, named HB 0001, which proposes a complete structure for a sports betting sector in the…
Read MoreGambling Revenue Could Reduce NHL Ticket Prices
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…
Read MoreGamStop Inundated With Registrations
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…
Read MoreFSB Creates Compliance Academy
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…
Read MoreTaiwan Police Target Election Gambling
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…
Read More
