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British Premier League football clubs Loosing Money Due To UK Gambling ClampDown

Wednesday May 7,2014 : U.K. PREMIER LEAGUE TEAMS MAY SUFFER FROM GOVERNMENT'S BOOKIE DECISIONS
 
Clampdown on internet gambling companies could result in a loss of up to GBP 90 million for football clubs.
 
With additional government taxation, point of consumption regulations on internet gambling, restrictions on betting limits and retail betting shop locations, it's been a depressing couple of months for UK online bookmaking companies, but British Premier League football clubs could be feeling the impact as well, according to a report in the Financial Times.
 
In an article by Roger Blitz the respected business publication says that the clubs could be impacted to the tune of GBP 90 million on income  "...because of a clampdown by the gambling regulator on online betting operators that use the league’s international popularity to promote their websites to Asian audiences."
 
Blitz names Arsenal, Chelsea, Liverpool and Everton among a number of top clubs "...that have sponsorship deals with online operators that take very few bets from UK customers but benefit from the Premier League’s popularity in Asian betting markets."
 
He uses Dafabet as an example, claiming that the company sponsors Aston Villa’s shirts. Others, such as SBOBet, 188 Bet and 138.com, "....pay clubs for perimeter advertising at home matches, but often in Asian languages," in order to win business from football fans watching overseas.
 
Such sponsorship deals are at risk following the UK Gambling Commission's ruling that from August 2014 it would grant U.K. licenses only to operators that are British facing businesses and either currently transact with British consumers or have a clear business plan for doing so, the FT article notes.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&Johnís websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasilís Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The companyís mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSAís global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypokerís new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1ís will start on partypoker on March 12, 2017.

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