British bookies were hit for over £1m by hundreds of punters that exactly predicted the unlikely correct score, a 5-2 win, in the UEFA Cup match between Panionios and Dinamo Tbilisi. 

UEFA has opened an investigation into allegations of match-fixing surrounding the UEFA Cup match between Panionios and Dinamo Tbilisi on Wednesday.

The online bookmaker based in Douglas, on the Isle of Man, announced preliminary results for the year ended 30 May 2004.

The Hungarian Government has initiated legal proceedings against the English online bookmaker Sportingbet.

Betfair, the world’s leading betting exchange, was last night crowned the KPMG Company of the Year at the annual CBI/Real Business Growing Business Awards in London.

The online bookmaker Blue Square "has continued to show good growth", according to a trading update issued yesterday by its parent company Rank Group. 

A number of European bookmakers were hit by a massive betting coup on UEFA Cup match between Panionios (Greece) and Dinamo Tbilisi (Georgia). 

A player that received a $50 free voucher, with which he has won a multi-table poker tournament, reports:

We warn potential customers about these notorious thieves that have stiffed bettors for years.

No statement was released to the market. 

The company assures payments will be processed this week while citing servers' problems for not answering e-mails.

The Curacao-based bookmaker has agreed to pay a player, in a dispute involving a possible third party fraud through online payment provider Moneybookers, confirming to be one of the fairest company on the internet. 

Sportingbet PLC predicted further rapid consolidation of the online betting industry as other operators are incited by the UK group's recent acquisition of Paradise Poker.

Betfair reported that they have already processed and paid out £367,000 to 414 customers of Sporting Options, out of 650 application forms received so far.

Questions on the capabilities of the bookmaker's management team, a disappointing business strategy together with recent events that made the company's market capitalization drop down of almost 50% (at the time of writing), raise further questions and suggest the firm could be at risk of a takeover.

Earlier this week, BetonSports claimed revenues had been significantly affected by a lack of advertising opportunities in the US and issued a profit warning.

Several bookmakers have experienced downtime this week claiming technical difficulties, however anecdotal evidence suggest downtimes are due to a new spate of denial of service attacks.

Bookmakers targeting the American recreational market reported their worst ever results on last weekend, when 14 out of 15 favorites in NFL's match-ups won with 11 of those teams covering their handicap.

Shares in the publicly listed bookmaker have dropped by 50% making the company's value fell by around £65m. Nervous investors bailed out on the back of a profit warning for the last six months of 2004.