Last year wasn't the greatest year on record for UK bookmakers, but given the circumstances, things could have been a whole lot worse. According to a recent report on CalvinAyre.com, the UK's big three bookmakers (Ladbrokes, Paddy Power, and William Hill) are weathering a storm of new taxes and market tribulations pretty well. All three…
Bwin.Party released its Q1 2015 revenue numbers and the results anything but impressive. Overall, revenue at the struggling company was down by around 6% to €155.3 million ($173.48 million USD). That's up 6% from this time last year. On the poker side of the business, things were even worse. Poker revenue was down by nearly…
The race to acquire Bwin.Party is picking up steam now that Amaya Gaming has put in a €1.5 billion ($1.68 billion USD) offer on its one-time rival. Amaya Gaming, which already owns Poker Stars and FullTilt, is teaming up with GVC Holdings in the acquisition effort. Both companies, it should be noted, have already placed…
Troubled UK operator 666Bet and its parent company finally have some good news for their players; they can get their money back. Earlier this week the company announced that players have until May 24 to submit a withdrawal request. The announcement ends weeks of drama and speculation after the UK Gambling Commission pulled 666Bet's license,…
The UK's new point of consumption tax (POTC) on sports wagers took a big toll on William Hill's Q1 2015 earnings. According to reports on CalvinAyre.com and Nasdaq.com, the UK bookmaker had an operating revenue of just 1% since the POTC went into effect. That's down a whopping 19% from the same time last year.…
The situation at 666Bet.com has gone from messy to messier as customers clamor for refunds and company officials come up with excuses to avoid doing just that. Late last month, 666Bet.com's UK gambling licenses were pulled as gaming officials investigated its connections to a money laundering scandal. These allegations also led to the arrest of…
Online gambling sites in the UK and Europe were hit by a major wave of distributed denial of service (DDOS) attacks this week and weekend. Servers at companies including Betfair and PokerStars groaned under the weight of the assault while customers struggled to log on to their accounts. So far, no one has taken credit…
The folks over at Paddy Power have a problem most businesses would kill to have...too much cash. Even better, for Paddy Power shareholders, the company will be handing back that pile of cash to their lucky shareholders over the next few years. According to published reports, the UK's largest independent bookmaker is sitting on a…
Paul Bell, a director at 666Bet, was arrested this weekend amid a swirl of accusations of money laundering and fraud. Authorities from the HM Revenue & Customs and National Crime Agency picked up Bell at Heathrow Airport. Besides Bell, six other 666Bet employees were arrested in connection with the case that's left the Isle of…
UK punters who wagered on the outcome of the Chelsea-PSG Premiere League match-up with Sky Bet last week thought they'd stumbled onto an incredible opportunity. The popular bookmaker's mobile betting site had offered up 25-1 odds that PSG would win the match in extra time...and that's exactly what happened. But when those punters went to…
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