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Olympic betting Good For UK Bookies
Friday August 17, 2012 : OLYMPICS GOOD FOR BRIT BOOKIES
Betting up as sports spectacular ends
Sunday night's closing ceremony for the London Olympics ended a golden period for many Brit bookies, who report lively wagering activity over the two week duration of the games.
Betfair told the Telegraph newspaper that it had seen an increase in betting activity, with the total number of customers making bets doubling to just under 100,000. The biggest draw for the group was the men's 100-metre final, which saw 19,000 individual customers placing wagers on the outcome of the race, won in record time by Jamaica's Usain Bolt.
Ladbrokes forecast that the gambling sector will turn over close to GBP 80 million for the two-week period, compared with GBP 4 million from the Beijing Games four years ago, while research from Coral predicted that 3 million people planned to place their first ever bet on the London Olympics.
Gambling on business, the British Government, which has been running a series of business summits to coincide with the Games, has been upbeat about the impact of the Olympics on British business and announced Saturday that deals worth about GBP 14 billion have been unveiled over recent weeks.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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