Betfred and Paddy Power Remove FOBT Workaround Following Regulatory Heat

Betfred and Paddy Power have pulled their fixed odds betting terminal (FOBT) alternatives following heat from the UK Gambling Commission (UKGC).

Paddy Power FOBT

With complaints suggesting Virtual Cycling bore more than a passing resemblance to roulette, the UKGC moved to review the new game.

Giving his take on what he saw as an FOBT alternative, shadow culture minister Tom Watson called them as a “back door” way of skirting the rules.

Bookies Put Brakes on Virtual Cycling

Available in select Betfred and Paddy Power betting shops, Virtual Cycling allowed customers to bet up to £500 on the outcome of a race. … Read more

UKGC to Investigate Back Door FOBTs Inside Betfred and Paddy Power Stores

Even as new restrictions came into force on April 1, fixed odds betting terminals (FOBTs) have attracted yet more negative press.

Despite warnings from the UK Gambling Commission (UKGC) not to ignore FOBT changes, certain bookmakers are now under investigation.

Just 48 hours after bookmakers were obligated to reduce FOBT betting limits from £100 to £2, the UKGC is reviewing the status of a new product.

Virtual Cycling Offers Alternative to FOBTs

Launched by Betfred and Paddy Power, Virtual Cycling allows customers to bet on the outcome of a virtual cycle race.

Featuring what looks like a roulette board, … Read more

GVC Holdings CEO Kenneth Alexander has been forced to reassure investors that his recent share increase won’t jeopardise the company’s financial future.

In a March 27 trading update, GVC announced that Alexander had been given an additional 450,000 shares.

Part of a target-based incentive scheme, the reward means the CEO now owns more than one million shares in the company.

Alexander Says He Won’t Sell

To counter any fears over GVC’s future, Alexander said he wouldn’t offload any shares during his time as CEO.

“I remain totally committed to GVC for the long-term, and as such I will not sell

Read more

188bet Closes Doors Unexpectedly Following Increased Market Pressure

British betting and gaming site 188bet has left customers scratching their heads after abruptly closing its virtual doors on March 26.

Seemingly coming out of the blue, the announcement was posted on the homepage.

“With effect from today, 26 March 2019, (Annatar Limited) will cease providing gambling services to players located in Great Britain, Northern Ireland, the Channel Islands, Gibraltar and Ireland,” reads the statement.

188bet Solvent but Not Competitive

As per UK Gambling Commission (UKGC) requirements, the site must remain accessible to existing customers so they can withdraw their funds. Confirming this, 188bet’s parent company Annatar Limited … Read more

William Hill Pleads for Rent Cuts to Save 4,500 Betting Shop Employees

William Hill is looking to save jobs and offset any potential losses from its fixed odds betting terminals (FOBTs) by asking for rent cuts.

As operators prepare for FOBT betting limit cuts in April, William Hill is pushing for concessions to save its stores.

FOBT Cuts Start to Bite

Following the government’s decision to reduce the maximum bet on FOBTs from £100 to £2, the British bookmaker said closures would be inevitable. Although it stopped short of setting a plan in stone, it did say up to 900 betting shops could be shuttered.

“In 2019 we will remodel our

Read more

Time is Right for Online Growth as BetConstruct Receives Live Dealer Licence

Gaming software provider BetConstruct has been given the green light to offer live dealer games in the UK, just as the leading brands are pushing to expand their online portfolios.

Since launching in 2004, BetConstruct has forged partnerships in more than 50 countries and now provides a range of services, including gaming, sports betting and RNG software. As part of its ongoing expansion efforts,  it’s now able to offer six live dealer games in the UK.

BetConstruct Strengthens Relationship with UKGC

Working alongside the UK Gambling Commission (UKGC), the software supplier has met all the necessary regulatory requirements. In gaining … Read more

William Hill Extends Responsible Gambling Initiative to US States

William Hill has extended its responsible gambling initiative beyond the UK by making a £38,000/$50,000 donation to the Council on Compulsive Gambling of New Jersey (CCGNJ).

Off the back of its 2018 Nobody Harmed by Gambling campaign, William Hill UK has passed the baton to its US counterpart. Confirmed by CEO of William Hill US Joe Asher, the donation is the start of an ongoing relationship with the Garden State’s responsible gambling agency.

“We are proud to partner with the Council on Compulsive Gambling of New Jersey on bringing attention to this extremely important issue,” Asher said on March 20.

Read more

Paddy Power Gets Satirical with Brexit Bunker Promo

Paddy Power is offering shelter from any Brexit balderdash gamers may encounter ahead of March 28 with a new bunker-based promotion.

Capitalising on the current uncertainty over the UK’s withdrawal from the European Union (EU), the gaming operator has created a Brexit Bunker. Launched with the help of former footballer Eric Cantona, the promotion is described as a break from the “madness” of modern politics.

Hunker Down with Paddy Power

Customers seeking shelter have to give reasons why they deserve time inside the Brexit Bunker. By emailing or tagging Paddy Power in a social media post, all entries will be … Read more

BetBright Takeover Was Difficult but Necessary Concludes UKGC

The recent deal between 888 Holdings and BetBright might have upset punters but the UK Gambling Commission (UKGC) is happy with how it played out.

Seemingly coming out of the blue, 888’s £15 million takeover of the Irish sports betting site saw some customers left out of pocket. As the story broke on March 4, BetBright users were told their ante-post bets had been cancelled.

Even though a full refund was promised, those with ante-post wagers on the Cheltenham Festival were incensed.

Confusion Causes BetBright Backlash

Because ante-post bets are placed well in advance of an event, the odds are … Read more

Placepot Perfection Leaves Cheltenham Festival Regular £182,000 Better-Off

The 2019 Cheltenham Festival is off and running with unexpected results leading to a record payout for one lucky punter.

With an average daily attendance of 65,000 visitors expected over the course of four days, Cheltenham always throws up some interesting stories. This year is no exception as one racegoer has scooped a Placepot worth £182,000.

Placepot Soars at Favourites Fall

At the start of day one, the Placepot pool had soared to almost £1 million. With heavy favourites expected to romp home, thousands of spectators were confident they could predict the outcome of six consecutive races.

According to the

Read more