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SPECIAL POLICE UNIT TO TAKE DOWN OLYMPIC EVENT FIXING
01/02/2012 : Far East and sub-continent fingered by Minister for lacking in regulation
The British Metropolitan Police have launched a dedicated special unit targeting illegal betting scams and event-fixing at the 2012 London Olympics, the first ever in the history of the competition.
Olympics Minister Hugh Robertson stated that the fixing of games has surpassed that of doping and poses the biggest threat to the reputation of what has come to be regarded as the world’s foremost sporting event where more than 200 nations participate.
"You cannot underestimate the threat this poses because the moment that spectators start to feel that what they are seeing is not a true contest, that is when spectators stop turning up and the whole thing falls to pieces," Robertson said.
The Metropolitan Police-led unit will work in conjunction with the Serious Organised Crime Agency and Interpol to track suspicious gambling activity abroad.
Another special unit created by the International Olympic Committee will be on the look out for unusually large wagers placed on events or competitors by monitoring the international betting market.
Robertson believes Western authorities are on top of identifying and stamping out illegal betting activities but that the Far East and Indian authorities were lacking in the regulation of the practice reported the Daily Mail.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
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.
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