The Independent reports on Ladbrokes’ legal battle for a European single betting market. “When it comes to betting, the concept of a European single market goes out of the window.” But Ladbrokes is determined to change this. While Ladbrokes\’ legal actions in six EU countries are at various stages of development, great hope comes from the Internal Market Commissioner Charlie McCreevy, who is investigating gambling restrictions in several EU member states.
Meanwhile, online payments provider Moneybookers has denied the company is up for sale.
Victor Chandler has announced the launch of VCapuestas, a new site licensed in Argentina in the province of Misiones, featuring sports betting, poker casino and games.
Betting companies in Germany have teamed up and launched a campaign to inform the German public of the contradictory strategy adopted by the national gambling monopoly Oddset.
The European Commission set the deadline for its inquiry into the proposed joint venture between William Hilland Codere for December 22.
The Football Association along with senior officials from tennis, rugby and cricket are set to meet with the Gambling Commission in the coming days as they plan to ask betting companies for a £2 million contribution to help pay for the increased costs of stamping out gambling corruption.
HSBC has raised its ratings on Paddy Power to \’neutral\’ from \’underweight\’ and Rank Group to \’overweight\’ from \’neutral\’, while Ladbrokes remained \’overweight\’ and William Hill \’neutral\’. The broker said it believes UK land-based operators could move to a quadruple product offering of casino, bingo, fixed-odds betting and online gaming to maximise the value of customers and derive the highest value from customer loyalty and branding.
The Royal Canadian Mounted Police broken up a multi-million dollar online sports betting ring operating an internet site, hosted between the Belize and the Kahnawake reserve in Canada, believed to have net the Montreal-based Rizzuto crime family about $26 million over the past 18 months. According to the RCMP, some 820,000 online bets were made between 2004 and 2006.
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