Online Bookmaker Sportsbet Suffers Massive Losses After Paying Out Over AU$5 Million to Australian Election Punters

Online Bookmaker Sportsbet Suffers Massive Losses After Paying Out Over AU$5 Million to Australian Election Punters

The surprising win of the Coalition was not the only news which saw millions of Australian residents surprised. Another interesting revelation regarding the gambling business Sportsbet, as it became clear that, by Sunday night, the company had paid out more than AU$5 to local punters on election bets. The betting operator, just like most of Australia, was absolutely sure that the local Labour party would win, so it decided to pay out its customers’ “winning” bets a couple of days before the votes have actually been counted. The overall amount…

Read More

Labour Party’s Deputy Leader Urges Online Gambling Operators to Reapply for UK Licences

Labour Party’s Deputy Leader Urges Online Gambling Operators to Reapply for UK Licences

The UK Labour Party believe that all online casino businesses should have to reapply for a gambling operating licence. The suggestion was made following the revelations of the British gambling industry regulatory body which said that more than one-third of the licensees were found to be failing their customers. The Deputy Leader of the Labour Party, Tom Watson, has sent a letter to both the Culture Secretary Jeremy Wright and the CEO of the UK Gambling Commission (UKGC), questioning the integrity of a large number of operators, most of which…

Read More