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BETFAIR FLAGS SUSPICIOUS TENNIS BETTING

First round Hall of Fame grass court match at Newport now under investigation
 
The advanced anti-corruption technology used by online betting exchange group Betfair has again contributed to the fight against cheating in sport by flagging a Newport, Rhode Island tennis match between Richard Bloomfield and Christophe Rochus.
 
The first round match at the Hall of Fame grass court tournament apparently attracted an unusual $1.5 million in wagers and was the subject of dramatic price movement, which was quickly picked up by Betfair’s real-time betting patterns software.
 
The incident was widely reported Saturday in the international press, with the Associated Press news service reporting that Britain's Bloomfield won the match 7-6 (1), 6-3.
 
Bloomfield, ranked No. 552, was rated even money against his 160th-ranked Belgian opponent Rochus. In the hours before the match, the odds on Bloomfield winning shortened to 1-4. After he won the first set, the odds shorted to 1-8.
 
"If people are willing to risk 4 pounds to win one, that is indicative of a substantial gamble," Betfair spokesman Tony Calvin told the news service.
 
Notification of the irregular betting pattern was made to the Tennis Integrity Unit (TIU), an independent body created by the sport's governing bodies to lead the fight against corruption.
 
Associated Press reports that 27-year-old Bloomfield was caught up in a betting controversy in 2006, when his 6-1, 6-2, 6-2 victory over Argentina's Carlos Berlocq in the first round at Wimbledon was investigated following irregular patterns. No conclusion was reached by authorities about the match.
 
There is no suggestion Bloomfield is implicated in the irregular betting surrounding his victory over Rochus.
 
The Daily Mail reported that equivalent matches attracted around 15-20 times less money on Betfair, and that some bookmakers cautiously stopped taking bets several hours before the start of the match

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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