• Sportingbet Stays in Irish Market Too Long by Accident

    30 August 2015

    Irelandbetonline

    Online gambling law is constantly changing, and the fact that different operators have to work with regulatory entities in different countries, states and provinces all over the world means that there are going to be some mix-ups from time to time. Sportingbet found this out the hard way when they allowed around 200 Irish players to make bets they weren't supposed to take due to new licensing processes.

    How This Mistake Happened

    Somewhere in the neighborhood of 20,000 Irish players are registered at Sportingbet, and they were supposed to stop taking bets from them as of August 1 because of new changes to how online gambling was licensed. However, around 200 accounts were able to continue taking bets due to some kind of oversight or mistake along the way. When Sportingbet was made aware of the problem, they canceled all outstanding bets from those players and chose to honor all other bets that had been placed. Future bets will also not be allowed until the licensing situation is cleared up.

    Why Allow the Bets to Stand?

    From a strategic point of view, there are two options here. Sportingbet could retroactively reverse all of the wagers, or they could just let them stand and do the best they can from here on out. In either case, they still made a mistake that could be held against them, so there's no real way to undo that. However, they do have a choice to show that they want to take care of their players or not, and that's the option they chose. In essence, they made the best choice they could in a bad situation.

    The Sportingbet Split and GVC

    Right now, Sportingbet operations are basically broken into two main groups. GVC and William Hill own different markets for the brand. GVC holds everything but the Spanish and Australian operations, and that includes Ireland. This means that GVC is ultimately responsible for what happened with the mistake here.

    GVC is currently in a bidding war with 888 Holdings for Bwin.Party, and it's unclear if this oversight could affect those dealings. GVC currently has the advantage after seemingly abandoning a partnership with the Amaya Gaming Group, but 888 Holdings could try to take advantage of this situation to get an edge.

    Related News

    • 11 January 2018

      Betsoft Games to be Handled by BtoBet's AI Learning Machine

      Betsoft Gaming has announced a deal with tech firm BtoBet that will see their entire suite of games become available in BtoBet's target markets for the products in Latin America, Europe, and Africa. Hundreds of multi-software online casinos already carry Betsoft games that players are familiar with due to the developer's pioneering work with interactive 3D slot and other game elements.

      Read full article
    • 20 December 2017

      Former NetEnt and LeoVegas Executives to Launch LetsBet in 2018

      Michael Pedersen and  Stefan Lind are launching a new online casino in the early part of next year called LetsBet. Pedersen is the former Regional Business Manager for Scandinavia at NetEnt and Lind formerly headed up operations at LeoVegas AB. The property will focus on gamification, social engagement and live streaming games. "We believe the new frontier in online real-money casino is a mash-up of live streaming, social features and gamification," says CEO & Co-founder of Letsbet.

      Read full article
    • 20 December 2017

      Mr Green acquires Redbet in Evoke Gaming acquisition

      Mr Green has penned a deal to buy all shares of Evoke Gaming from  Bonnier Growth Media. The deal includes the well respected online gaming sites Redbet, Vinnarum casino, Bertil, and MamaMia. Redbet is perhaps the best known of the brands with poker, sports betting and casino offerings while Mamamia offers casino gaming and bingo. The deal, which is expected to be fully consummated in Q1 2018 is worth EUR 7 million in cash and another EUR 1.

      Read full article