Russian bookmakers are hoping for a bonanza from the FIFA World Cup, which will be held in the country less than two months from now, but many fear regulatory hurdles and slow-moving legislation will mean that legal operators will lose out. A complex identification process is likely to deter punters, especially the foreign visitors who are likely to flood into the country for the tournament.
GVC is in detailed talks for a GBP3.9 billion ($5.23 billion) acquisition of Ladbrokes Coral, the two companies said in an announcement to the...
Russia’s bookmakers see their future as being online, with some major players closing down traditional betting shops to focus on the interactive sector. This year’s Russia Gaming Week reflected that trend with some bookies saying they had eschewed booths at the show to channel funds instead to the development of online services.
Russia’s bookmakers are looking forward to a bonanza from the 2018 FIFA World Cup, but would like to see regulations eased, in particular with regard to online bets from foreign visitors, to enable them to take full advantage. Sports betting has seen a surge in volumes during recent soccer tournaments and record numbers are expected this time around for the event, which will be held in Russia.
Regulators, operators and sports bodies need to improve international cooperation if they are effectively to tackle match fixing, which experts say is increasingly centred...
Australia’s betting culture, which changed with the entry of foreign bookmakers, is gradually returning as punters fight back against practices such as cutting big bets and closing winning accounts. But lobby groups say more needs to be done. While the two biggest states have led the way with legislative changes, members of online forum Fair Wagering Australia are still leading the charge to enact change across all of Australia.
A hold of more than US$40 million on a single horse race might seem substantial in most racing jurisdictions — the stuff of dreams, in fact —but for Japan it is a drop in the ocean, and now overseas races are finally getting a taste of the action. It can take a while for the bureaucratic wheels to start turning within the Japan Racing Association (JRA), but the nation's ravenous horse racing bettors have been unleashed on a selected number of overseas events. That hold figure is for the amount bet on the first of the JRA’s simulcast races held in October when some of their punters were set loose on the Prix d l'Arc de Triomphe in France.
Betway says Leicester’s win of the U.K. Premier League, coming from a rank outsider position of 2,500/1, is likely to trigger the firm’s biggest...
Russian bookmakers continue to struggle with a tangled web of regulations aimed at controlling the online market, with a new centralized online payments hub coming under fire for being overly complicated.
Horse racing officials, looking to revitalize the pari-mutuel betting model, are turning to the financial world for technology to enable the development of new and complex bets.Pari-mutuel wagering has long formed the financial backbone of horse racing but as the sport comes under serious threat from sports betting and has its revenue drained by illegal bookmaking activities, the popularity of "totalizator" has waned. And complex technology originally applied to solve liquidity problems in derivative markets may now be the thing that comes to the rescue.
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