Paddy Power Betfair has announced industry veteran Jan Bolz as its new independent director. Bolz was previously chief executive at European sports betting operator Tipico Sportwetten. In his new role, Bolz will lead guidance with regards to international expansion projects at Paddy Power Betfair, as well as ongoing marketing and commercial initiatives.
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Investigations into Malta’s gaming sector could soon be stepped up in the wake of an anti-Mafia probe and European Union-wide legislative changes, Europe’s law enforcement agency said. In a financial intelligence report, Europol said yesterday the recent inclusion of remote gaming in the EU’s anti-money-laundering laws could have a “significant effect” on the Maltese sector.…
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888 experienced a pre-tax loss in the first half of 2017 despite a 9% leap in revenues. The operator fell into the red after being hit for $50.8m over a record £7.8m ($10m/€8.5m) fine in the UK for failing to protect vulnerable customers and a potential tax bill in Germany. In a trading update, the…
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LeoVegas has become the latest major operator to announce it is withdrawing from the Australian market in response to new gambling regulations. Earlier this month, the Australian Senate moved to pass the Interactive Gambling Amendment Bill, which includes legislation that bans all remote operators from offering online poker and in-play sports betting to punters in…
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Ulrik Bengtsson will step down as president and CEO of Betsson AB with immediate effect after a decision on his departure was taken by the board of directors and Mr Bengtsson himself. No reason was given for this shock departure, with a company spokesman telling the Times of Malta that the board was happy with both Betsson’s…
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The government of Czech Republic has announced its plans to restrict online bonuses and free bets, citing concerns over alleged links between these promotions and problematic gambling. Last week, the Czech Ministry of Finance issued a document detailing its fears over operators’ bonuses, which it says induces customers to new gambling problems, and thus should…
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During a press conference addressed by the Malta Gaming Authority’s Executive Chairman, Joseph Cuschieri and the Parliamentary Secretary for Financial Services, Digital Economy and Innovation, Hon. Silvio Schembri, the MGA announced the launch of a New Licensee Relationship Management System accessible through a secure and dedicated web portal. This project, which is the result of a collaboration between the MGA and…
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The UK Gambling Commission (UKGC) has said that the industry must do more to tackle issues related to problem gambling. The national regulatory body recently undertook a review of gambling across Great Britain, focusing on rates of participation, at-risk gambling and problem gambling, and explored the associated characteristics and behaviours. Tim Miller, executive director of…
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New Jersey has joined the expanding list of US states that have passed legislation that allows and regulates daily fantasy sports (DFS). State Governor Chris Christie signed bill A-3532 yesterday (Thursday), after it was given approval by the Senate back in June. New Jersey becomes the 16th state in the US to legalise DFS within…
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