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UK bookies report a surge in Olympics 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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Gambling News :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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