Day: 27 June 2017

William Hill to Exit Israel via Local Office Closure

Tue 27 Jun 2017 15.43 Olivia Cole
William Hill to Exit Israel via Local Office Closure

William Hill, one of the largest British sportsbook operators, is planning to close its online operations on the territory of Israel. As a result of the exit, the operator is expected to lay off over 200 of its local employees, with the Tel Aviv ones currently being approximately 250. The news was revealed by LeapRate, a news outlet which has received information from Israeli sources that the sportsbook company is to be shutting its local operations. Apart from the employees to be laid off, the offices of the company at…

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UKGC Reveals New HM Government Money Laundering Regulations Come into Effect

Tue 27 Jun 2017 14.01 Daniel Williams
UKGC Reveals New HM Government Money Laundering Regulations Come into Effect

Today, the British gambling regulatory authority UK Gambling Commission (UKGC) revealed that the HM Government has published a new piece of regulation, called The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The latter comes into effect today, on June 27th. The Programme Director of the UK Gambling Commission Richard Watson commented on the implementation of the new piece of regulations, saying that the Commission welcomes the new rules, which support the licensing objective of the UKGC to keep gambling fair, transparent and crime-free.…

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Robertas Gordonas Conquers 2017 partypoker LIVE Grand Prix UK Main Event for £150,000

Tue 27 Jun 2017 10.35 Harry Evans
Robertas Gordonas Conquers 2017 partypoker LIVE Grand Prix UK Main Event for £150,000

The Lithuanian poker player Robertas Gordonas emerged victorious from the <strong Main Event of the 2017 partypoker LIVE Grand Prix UK, taking home the lion’s share of the guaranteed prize pool as well as the event’s title. The player was granted with a monetary prize estimated to £150,000 for his efforts. This weekend, the partypoker Grand Prix UK Main Event gathered a total of 5,143 entries, all of whom were outlasted by Gordonas. The guaranteed prize pool gathered over the event amounted to £1,000,000, and the event offered multiple Day…

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Sagi’s Brickington Subsidiary Disposes of Further 10% in Playtech

Tue 27 Jun 2017 9.01 Olivia Cole
Sagi’s Brickington Subsidiary Disposes of Further 10% in Playtech

The gambling software developer Playtech officially revealed that it has been advices that the subsidiary Brickington Trading Limited is proposing to sell about 32 million shares in Playtech via accelerated bookbuild through UBS Limited, Goodbody Stockbrokers and Shore Capital Stockbrokers Limited. The placing shares represent about 10.1% of the issued share capital of the gambling software supplier. Currently, Brickington Trading is a subsidiary that is fully-owned by a trust, which is serving the needs of Playtech’s founder Mr. Teddy Sagi. The shares placing is initiated in order to diversify the…

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