Latest Sports News
Kenyan Sports Betting Operators Expands European Profile, Acquires Major Shareholding In RCS GamingJul 19, 2017
SportPesa, Kenyan sports betting operator, has entered the Italian betting market after acquiring a significant shareholding in RCS Gaming and thus has expanded its European profile.
UK Gaming Commission Gives Warning Against Fantasy Sports Contests Ahead Of English Premier LeagueJul 18, 2017
The UK Gambling Commission (UKGC) has given out a strong warning against illegal fantasy sports leagues with entry fees. UKGC stated in the notice that anyone running a fantasy contest business could be going against the law.
India In Talks To Legalise Online Sports BettingJul 17, 2017
Indian Sports Ministry has brought up the issue of legalization and regulation of online sports betting. As per sources, different government administrations have been approached with the proposal, and informal consultations have been held.
Supreme Court’s Sports Betting Ruling May Affect Nevada Gambling Industry MajorlyJul 16, 2017
With the supreme court of the United States announcement of reviewing the sports betting case of New Jersey and the American Gaming Association’s persuasion to repeal the law that forbids state authorized sports betting, which may bring about with it some significant changes.
DraftKings and FanDuel Call Off The Proposed Merger, After Facing Opposition From FTCJul 15, 2017
DraftKings and FanDuel, the two fantasy sports giants, have called off their proposed merger on Thursday, after a month long struggle with federal regulators who opposed and tried to block the merger.
As Governor Signs Law, Connecticut Prepares For Legalised Sports BettingJul 14, 2017
Connecticut is all set to offer legal sports betting, becoming the latest state to join the sports betting race.
Irish Government Introduces New Bill Raising The Gambling Age To 18Jul 13, 2017
Ministers from the Irish Cabinet passed the Courts and Civil Liabilities (Miscellaneous Provisions) Bill yesterday afternoon which would raise the minimum age from 16 to 18 years to participate in and enter gambling venues. The Legislation will not come into force until the government releases the full text.
SBTech Partners With Winmasters, Becomes The First To Enter Cyprus Sports Betting MarketJul 12, 2017
SBTech, European sports betting operator is launching the first sportsbook platform; ‘Winmaster.cy,' in the emerging betting market of Cyprus. The announcement of the launch of the platform came soon after the partnership agreement between SBTech and Winmasters in January’17.
Danish Authorities Approve LeoVegas’ Gambling LicenseJul 11, 2017
Swedish online casino LeoVegas has been given approval of a gambling license by the authorities in Denmark, marking a huge change in the nation’s betting market and giving local players a better access to sports betting and casino games.
PlayUp, Australian Daily Fantasy Sports Startup, Seeks $10 Million To Explore International OptionsJul 10, 2017
PlayUp, an Australian startup is seeking $10 million capital to bring the idea of an advertisement paid version of daily fantasy sports concept into a more attractive idea locally.
Bet365 Sued By Young Woman Over Non Payment Of £1Million Won On Horse Racing BetJul 9, 2017
Megan McCann, a resident from around Belfast, is suing Hillside (UK Sports) LP, the company which operates bet365, an online betting company for refusing to pay out her the £1million she won in horse betting.
SportPesa Call It Quits, Owing To The Increased TaxesJul 8, 2017
SportPesa, Kenyan gaming firm is closing down its operations following the 35 percent turnover tax if the law prescribing the same remains in force for the sports betting industry.
DraftKings & FanDuel Move Ahead With The Merger Despite Opposition From FTCJul 7, 2017
Despite the opposition by the Federal Trade Commission, daily fantasy sports companies; DraftKings and FanDuel are going ahead with their merger decision.
Slovakia Plans To Block Illegal Gaming WebsitesJul 6, 2017
In a move to a crackdown, the unauthorized provision of iGaming services in the country Slovakia’s Financial Administration has started to compile a list of illegal gambling websites and plans to release the list to the public on July 17.
Turkish Government Gets Strict With Illegal GamblingJul 5, 2017
In a bid to curb illegal gambling Turkish government is planning to launch a two-year plan, where different government agencies would contribute to tackle matter regarding unauthorized provision of gambling services of all kinds.
Supreme Court’s Sports Betting Case Draws West Virginia Law Maker’s AttentionJul 4, 2017
Democratic Delegate Shawn Fluharty, wants the West Virginia to introduce sports betting if the nationwide ban is lifted, following the U.S. Supreme Court Case.
GBI Racing Demands 200 Million Shekels Compensation In Israel For Breach Of ContractJul 3, 2017
A British company, GBI Racing is demanding compensation worth 200 million shekels ($57 million) after the government banned the betting. The company operated as a government-franchise that allowed Israelis to bet on overseas horse racing. The company firmly asked for significant compensation for ending its contract early during a hearing chaired by the director general, Shai Babad, at a hearing at the Finance Ministry. The treasury officials are prepared, to negotiate terms and talks, which is expected to be underway in the next few weeks. In an attempt to crack down on betting, the legislative body of Israel, Knesset approved legislation that banned betting on horses. Eventually, prohibiting the ones run by the Council for Organised Sports Betting. All this has caused the issue as the contract between the company and government council end towards the August 2018. Horse race betting became legal in 2012 in Israel but was categorized not different from the slot machines and other gambling and asked to ban it again. GBI challenging the notion said Israeli bettors have evolved with the increasing knowledge in gambling with average bet ranging from 35-45 shekels.
Daily Fantasy Sports Bill By New Jersey State LegislatureJul 3, 2017
A bill was passed on Friday by the state legislature, authorising the licensing provision of the Daily fantasy sports to be regulated in New Jersey. Gov. Chris Christie’s final approval on the bill is all that is needed for the bill.
A Gap in Treasury and DCMS Invites Delay in Betting Terminal ReviewJul 1, 2017
Owing to complication created between the Treasury and the government departments associated with the gambling industry, the long-awaited review of fixed-odds betting terminals gets postponed until autumn.
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