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SBOBET OPTS OUT OF BITISH MARKET

Saturday September 6 2014 :  SBOBET OPTS OUT OF BITISH MARKET
 
Follows Mansion group in advising players virtual doors will close on September 15.
 
Isle of Man-based but mainly Asian-facing online sportsbook SBObet has followed the Mansion group in opting out of the UK online gambling market due to the forthcoming regulatory point-of-consumption regime.
 
Like Mansion, SBObet has communicated with its British players, advising them it will close its virtual doors September 15.
 
The company made no bones about the reasons for its decision, saying it was unfortunately a direct consequence of the new gambling laws in the UK due for implementation on October 1, but assured punters that all obligations would be honoured, and that they would have until the end of September to withdraw any positive account balances in full.
 
Those who do not do so will be refunded anyway as the company shuts down their accounts.
 
Another operator, 12Bet, appears to be splitting its operations in the UK market, with the sportsbook side closing out Brit punters, but the online casino division seeking licensing and continuing to operate in the UK market.
 
Both SBObet and 12bet sportsbooks have sponsorship agreements with British football clubs, and the position remains unclear on how this will be accommodated, given that the new licensing requirements preclude unlicensed operators from any form of promotion or advertising in the UK market.
 
Even the Gambling Commission appears to be unsure on this point, opining earlier this year that only the courts can deliver a specific decision.



Gambling News :

Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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