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UK Bookies Got hammered This Week
Tuesday January 20,2015 : BAD WEEKEND FOR BRIT BOOKIES
Punter-friendly results inflict an estimated GBP 40 million in losses on bookmakers.
British media reports Tuesday indicate that British bookmaking firms have suffered some of their heaviest losses over the weekend just past thanks to a slew of player-friendly sports betting results estimated to have cost bookies a collective GBP 40 million.
One bookie characterised the weekend as one of the blackest yet for bookies as online and retail punters on relatively small stakes harvested large sums of money.
Betting on football matches inflicted the most damage on bookmakers, with one punter scoring big-time when all fourteen of his teams won, generating tens of thousands for his household on a GBP 5 wager on a football accumulator.
Sky Bet admitted the weekend was its worst ever as the 10 most popular football teams won their respective and heavily betted matches, whilst in Europe Monaco, Villareal and Porto all won their games.
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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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