Fantasy sports giant DraftKings recently acquired a UK daily fantasy sports site called TransferKings. The acquisition is a big move for DraftKings and could give them a major advantage as they move into the UK gaming market. Though terms of the deal were not announced, both companies were eager to explain what the sale meant…
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…
DraftKings is hoping to launch its UK-facing product some time in August but is still waiting to receive approval for a UK gambling license. This situation could be a problem for the daily fantasy sports giant in more ways than one. As anyone who has been following the epic crash of the US-facing daily fantasy…
Boylesports, a UK-based bookmaker, is in hot water with advertising regulators after running an offensive, crucifixion-themed advertisement during Holy Week. The advertisement in question, which was e-mailed to Boylesports players, featured a bleeding hand that had been nailed to a piece of wood (which was clearly a cross) with a sign hanging from it reading,…
Paddy Power Betfair is taking an axe to its payroll with a massive round of layoffs. The newly merged companies are trimming 650 employees from their roster as part of an effort to cut company wide costs. The cuts will impact 300 employees in Ireland, where Paddy Power was originally based and another 350 in…
A group of UK bookmakers are withholding payouts from a group of punters who are accused bonus abuse during the Cheltenham Festival. The punters in question, not surprisingly, say they merely took advantage of some great value via standard bonus offers. They've taken their case to social media in hopes of getting their payday. They've…
A recent Fanbet advertisement depicting a suicide by hanging was not a big hit with UK advertising watchdogs. Last week, the UK Advertising Standards Authority banned the ad, while delivering a fairly stern rebuke to Fanbet. The controversial advertisement featured three rotating slides, one of which showed a man hanging from a noose. Along with…
The Golden Tiger Casino, an online operator based out of Malta, is in hot water this week over a bonus e-mail UK advertising watchdogs say is very misleading. According to published reports, the UK Advertising Standards Authority (ASA) received a complaint recently about an deposit bonus e-mail a Brit had received from the company. The…
Paddy Power and Betfair are merging their operations in a deal that's creating one of the largest gambling companies in the world. Under the terms of the deal, Paddy Power would retain control of 52% of the newly formed company, while Betfair would control the remaining 48%. All told, the new Paddy Power Betfair group…
DraftKings is a step closer towards its goal of daily fantasy sports domination now that it's landed a coveted UK gaming license. It's a huge move for the daily fantasy sports giant that could change the face of the DFS industry on the Continent. According to published reports, DraftKings received word of the license approval…
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