Petfre (Gibraltar) Limited is being hit with a £2.87 million fine ($3.06 million USD) for social responsibility and anti-money laundering (AML) failings at Betfred and Oddsking.com. The fine is one of the largest the UK Gambling Commission (UKGC) has issued in quite some time, and shows that the regulator is back in business after the…
UK bookmakers, horse racing tracks, and professional sports teams are honoring the passing of British monarch, Queen Elizabeth by shuttering their doors and cancelling events today. Queen Elizabeth II, who was 96, passed away on Thursday, triggering a massive wave of news stories, and reactions across England and the world. While not every bookmaker has…
Betfred is entering a multi-year marketing deal with the Colorado Rockies baseball team that will, among other things, make the company's logo a part of the game day experience. It's the third such deal for Betfred in the state and another sign of the rapid normalization of regulated sports betting in the United States. The…
Betfred USA CEO Brian Bennett is bullish on the future of sports betting, and gambling in general, in the US market. The optimistic executive is holding fast to his beliefs, though he's realistic about the impact the COVID-19 crisis will have on the industry. Bennett shared his views recently in a pair of interviews with…
Gaming operator Betfred is doing its best to navigate the minefield that is the UK gambling industry while still scratching out a profit. That's a prospect that's extremely challenging, given factors such as Brexit; new taxes; and a proposed limit on wagers at fixed odds betting terminals (FOBTs). Under these circumstances, the company reported an…
Betfred is launching a new Forex platform and has signed a jersey sponsorship deal with the Bolton Wanderers Football Club to promote the effort. Under the terms of the deal, the Bolton Wanderers will be sporting the Betfred logo on the front portion of their jerseys for the next two Championship seasons. Wanderers supporters can…
The UK Gambling Commission is hitting UK operator BetFred with an £800,000 ($1.1 million USD) fine for violating anti-money laundering regulations. While BetFred has acknowledged its role in the case, this version of money laundering is probably not the kind you're thinking about. BetFred, according to a report in The Yorkshire Evening News, took a…
