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Online GAMBLING Industry Counterattack

9/30/09 - The online gambling industry has come out with guns firing following uninformed claims in the British press this week that UK sports face an increased threat of match-fixing as a result of the relocation offshore of major Internet gambling groups like William Hill Online and Ladbrokes.

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The CEO of William Hill, Ralph Topping has already debunked the claims  and Clive Hawkswood, chief exec of the Remote Gaming Association has joined the fray, challenging the allegations and describing them as 'bizarre.'
 
Hawkswood, who heads a trade association to which most major British online gambling groups belong, says that the moves offshore by Ladbrokes and William Hill Online were purely commercial decisions motivated by the need to better compete in a highly competitive global industry.
 
Online betting is a global operation facing global challenges and is not (nor ever was) solely focused on British sport, he remarked.
 
Following on from this, it is a fallacy to suggest that betting operators combat integrity threats because they are compelled to, Hawkswood said, pointing out that operators do so because it is crucial to the safe running of their business.
 
And, Hawkswood commented, the [UK] Gambling Commission does not have a monopoly on good regulation.
 
The RGA chief stressed that reputable betting operators have been making a significant investment in integrity mechanisms to assist sports for some considerable time, and will continue to do so. 
 
"Operators have a significant interest in this area; what harms sport likewise harms operators, both in financial and reputation terms. There is, therefore, a mutual interest, and the fact that operators are based abroad makes no difference in that respect," he said. 
 
Hawkswood ended with a stiff condemnation of "those who wildly, and inaccurately, speculate that betting presents as great a risk to sport as doping", saying that the comments in the press have no foundation and do nothing to focus the discussion about what is an essentially commercially forced move.
 
William Hill's CEO had earlier explained that the relocation of the company's online activities to Gibraltar had been largely motivated by the burden on its competitiveness which the UK gambling tax of 15 percent and horseracing levies of a further 10 percent constituted.
 
Hawkswood revealed that the RGA is presently conducting a consultation on sports betting, and has invited a number of national and international sporting bodies to respond.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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