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UK bookies report a surge in Olympics betting
Tuesday August 7,2012 : FIVE RINGS GOOD FOR SPORTS BETTING
UK bookies report a surge in Olympics betting
The London Olympics has turned into a bonanza for Brit bookies, it appears, as top betting firms report a surge in action with football, tennis and swimming the most favoured sports.
The Guardian newspaper reported Monday that Olympic business has doubled at betting exchange Betfair, while William Hill said a record GBP 30 million will be staked across the industry over the two weeks of sporting competition.
"While that only equates to an average Saturday during the Premier League football season, it is far in excess of levels during previous Olympics and most predictions made before the Games," the Guardian observes.
Mark Maydon, speaking for spread betting firm Sporting Index, said: "London 2012 levels of business, measured by number of bets we've taken, is up by a factor of nine versus Beijing. Indeed, just as the Olympics has dominated the media, so it has also dominated the minds of our customers: 70 percent of our clients who have been active betting with us in the past two weeks have had at least one bet on the Olympics".
Betting on the number of gold medals won by the British team has proved popular; Sporting Index is currently predicting 27, up from 24 at the beginning of the Games
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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