Day: 28 July 2017

William “Billy” Walters Gets Sentenced to 5 Years in Prison for Insider Trading Conviction

Fri 28 Jul 2017 15.47 Daniel Williams
William “Billy” Walters Gets Sentenced to 5 Years in Prison for Insider Trading Conviction

The popular sports gambler William Walters got a 5-year prison sentence yesterday, after in April 2016, he got convicted in what turned out to be one of the most-commented US insider trading trials over a large period of time. One of the reasons why the trial has drawn so much public attention was because Walters has been long associated with the billionaire investor Carl Icahn and Phil Mickelson, a champion golfer, neither of whom were charged with any violations related to the case. The 71-year-old “Billy” Walters was convicted by…

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William Hill to Face Tough Decisions amid Stricter Regulatory Environment

Fri 28 Jul 2017 13.40 Olivia Cole
William Hill to Face Tough Decisions amid Stricter Regulatory Environment

For quite some time, one of the largest and most reputable bookmakers on a global scale – William Hill – has been dealing with some ups and downs on its way. At the time when Philip Bowcock was officially announced as a Chief Executive Officer at a permanent basis, there are various media rumours that there was no other choice for the bookmaker which made the decision to remain as a separate entity with Mr. Bowcock as head of the company. William Hill’s Chairman Gareth Davies disproved these rumours, calling…

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WPT Main Tour Events Adopt the Action Clock to Make the Game More Fun

Fri 28 Jul 2017 10.32 Harry Evans
WPT Main Tour Events Adopt the Action Clock to Make the Game More Fun

The organisers of the World Poker Tour (WPT) revealed that they have joined forces with Protection Poker in order to bring their Action Clock to all events included in the sixteenth edition of the WPT Main Tour. What is more, the WPT is to work in collaboration with all partners of the WPT Main Tour in order to set a requirement of transitioning to eight-handed tournament play once there are only ten tables left in a WPT Main Tour event. The World Poker Tour’s Executive Tour Director Matt Savage commented…

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IBA Insists Irish Government to Review Local Betting Tax Regime

Fri 28 Jul 2017 8.47 Daniel Williams
IBA Insists Irish Government to Review Local Betting Tax Regime

The situation with the gambling market in Ireland is getting more interesting by the hour. A certain filing with recommendations has been officially submitted from the Irish Bookmakers Association (IBA) to the Government’s review of local betting taxes. The Government has been reviewing the country’s current tax system, and now the Irish Bookmakers Association has urged the local authorities to create a betting duty regime that is fair enough to the local retail sector but at the same time remains competitive on a global scale. The examination of the tax…

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