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The Sports Betting

January 22nd General news ... The Sports Betting at thesports-betting.com

REALISTIC GAMES AMONG FIRST TO BE HANDED NEW U.K. LICENCE
2014-08-06

British online gambling software developer Realistic Games has become one of the first producers of slots and table games to be granted a Remote Gambling Software Operating Licence by the UK Gambling Commission.

The company is now among only a handful of suppliers who have the required licensing in place to comply with the new Gambling (Licensing and Advertising) Act which comes into effect on October 1.

The Act requires operators that provide remote gambling services to British consumers to obtain a UK licence. From January 2015, these operators will also require their suppliers to be licensed in the UK too.

Realistics commercial director, Andy Harris, believes the granting of the licence well in advance of the legislative changes is important for both existing and prospective customers.

He said: There are many things for our customers to attend to as a result of the introduction of the Act, so getting our licensing in place early gives them one less thing to worry about.

Furthermore, we hope that it provides potential customers with another positive reason to choose Realistic Games as a new supplier partner.

This licence represents a significant step for us. Weve worked closely with the Gambling Commission throughout the application process and have now passed the most stringent tests of probity and due diligence.

Just as importantly, we are ahead of most of our rivals. As we are already compliant with the new regulations well not be caught up in any last minute scramble to gain licences or comply with the new regulations.

The grant of this licence follows the award of a B2B Remote Gambling Licence in Gibraltar to the Realistic Games group in February 2014.

Among the major UK-facing operators Realistic now supply cross-channel content to, are bet365, Ladbrokes, William Hill, BetVictor, and Paddy Power.




FEDERAL GAMBLING REGULATION SOUGHT IN ARGENTINA
2014-07-09

If you thought the legislative NFL Odds and regulatory regimes for online gambling in the United States were complicated, spare a thought for Argentina operators struggling with different systems in 23 provinces and one autonomous city.

That could change going forward if the Association of Lotteries, Pools and Casinos (ALEA) - a trade association representing the interests of gambling companies in the South American nation - is successful in lobbying for a federal regulatory framework that respects the rights of the provinces but provides a more cohesive and consistent system for regulating online gambling throughout the country.

ALEA is currently working on a draft that it says will bring a more honest and coordinated approach to regulation and exclude unlicensed operators who do not contribute to the community or the government tax coffers.

It's a long overdue overhaul of a confusing and allegedly corrupt, fragmented system which saw its first online casino licence issued as long ago as 2002, although only four licenses have been issued since then; all of them by provincial authorities.

ALEA is betting that the national government, presented with an opportunity to boost its scarce revenues and institute a nation-wide regulatory regime at the same time, will look favourably on the new proposals, which are said to include the usual precautions against underage, problem or criminal activity, alongside stringent probity and software accreditation and a physical presence in the country.

The proposed tax rate, always a key element in these situations, is at present not known.



MARKETING PUTS GAMING REALMS IN THE RED
2014-06-17

Online gambling group Gaming Realms has reported a mixed bag of financial news for the six month period to end March 2014, noting that revenues soared 400 percent to GBP 3.6 million in the period and player acquisition is good, but that aggressive marketing has created a loss prior to taxation of GBP 4.9 million (2013 same period GBP 3.4 million loss).

Chief executive Patrick Southon is unperturbed by the loss, saying that it was expected due to heavy marketing and is in line with the company's overall financial strategy.

"We are pleased with our growth in player acquisitions and revenue. In accordance with our business strategy and financial plan, we invested aggressively in marketing, which has translated into a solid foundation for the future growth of our business, he said Monday.



SPORTRADAR EXTENDS PARTNERSHIP WITH AUSSIE FOOTBALL
2014-02-18

Sportradar and the Football Federation of Australia (FFA) have extended their partnership to include Fraud Detection System monitoring of betting patterns on the state National Premier Leagues for the 2014 season.

Safeguarding the integrity of football in Australia is at the core of everything we do and this agreement is an important extension of our robust and forward thinking integrity programme, said David Gallop, chief executive officer of the FFA.