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World Pool, the renowned global horse racing pool developed and managed by the HKJC, delivered unprecedented value to customers worldwide during the Royal Ascot event. The Tote+ Win emerged victorious against the SP in an impressive 83% of the 35 races held throughout the five-day meeting. The highlight of Saturday's races, the Queen Elizabeth II Jubilee Stakes, made history by generating a record-breaking turnover for a single race in the World Pool. Bettors poured HK$66.2 million (£6.6m) into the pool, surpassing the previous HK$66.1 million set during the 2022 Derby. The Commonwealth Cup on Friday and the Ribblesdale Stakes on Thursday also experienced substantial pool turnovers of HK$50.5 million (£5.1m) each. Saturday's total turnover reached an impressive HK$323.4 million (£32.5m), securing the third-highest World Pool day of all time, following last year's Friday (HK$351.8m) and Saturday (HK$340.9m) at Royal Ascot 2022. Royal Ascot 2023 witnessed a total World Pool turnover of HK$1.5 billion (£154m), a mere fraction below the previous year's total of HK$1.6 billion, which marked a notable 35% increase from 2021. Exceptional value was a hallmark of the Tote for customers at Royal Ascot. The collaboration of global Totes, attracting bettors from 28 countries, led to enormous liquidity and excellent value for racing enthusiasts. The Tote offered an array of exceptional benefits throughout the 35 races: Tote+ Win outperformed the SP in 29 of the 35 races while matching it in the remaining six races with Tote Guarantee in place online. Tote+ Win overround stood at 106% compared to the SP overround of 125%. Tote+ Exacta surpassed the Forecast (1-2) in 32 out of 35 races, delivering an average payout 85% higher. Tote+ Trifecta outperformed the Tricast (1-2-3) in 29 out of 32 races, offering an average payout of more than double the Tricast. Furthermore, World Pool introduced the "Moment of the Day" prize at Royal Ascot, rewarding winning grooms with a total of £20,000. Each winning groom received £4,000 for their exceptional performance, up from £1,000 in 2022. Additionally, they had the chance to compete for the prestigious "Moment of the Year" award, with the possibility of winning a VIP trip to Hong Kong in 2024. The winning grooms for each day of Royal Ascot were Sydney Cale, Viktor Konya, Jack Abbey, Page Harrison, and Babu Singh. In a significant development, the HKJC announced the renewal of its five-year World Pool partnership agreement with Ascot Racecourse, solidifying their commitment to promoting racing as a global sport. The partnership, initiated in 2019 with the UK Tote, will extend from July 1, 2023, until 2028. This followed the UK Tote signing an exclusive five-year agreement with the HKJC at the beginning of the week, making them the sole partner for World Pool in the UK and Ireland. Winfried Engelbrecht-Bresges, CEO of the Hong Kong Jockey Club, expressed his satisfaction with the exceptional racing at Royal Ascot and the progress achieved with World Pool partnerships worldwide. He emphasized the enthusiasm shown by international racing fans and the success of international collaboration in delivering top-quality racing. Michael Fitzsimons, Executive Director of Wagering Products at the Hong Kong Jockey Club, said: Royal Ascot delivered an unforgettable five days of world-class sport for racing fans worldwide, and we are delighted with the turnover figures and clear value proposition that World Pool has offered. Thursday will live long in the memory with Their Majesties, The King and The Queen, enjoying their first Royal Ascot winner and our World Pool ambassador Frankie Dettori winning the Gold Cup in his final ride in the race. Alastair Warwick, CEO of Ascot Racecourse, celebrated the record-breaking turnover in the Queen Elizabeth II Jubilee Stakes and praised the impact of overseas challengers. He thanked the HKJC for their representation at Ascot and dedication to delivering an exceptional racing experience. Alex Frost, CEO of the UK Tote Group, hailed the incredible racing at Royal Ascot and emphasized the exceptional value provided by the Tote. He noted the doubling of UK digital volumes in the pool, demonstrating the recognition of the Tote's unmatched value by racing fans. Frost thanked the HKJC for their leadership in World Pool and affirmed their commitment to growing the pool betting experience. Royal Ascot 2023 concluded as a truly magnificent event, marked by exceptional achievements, record-breaking turnover, and unbeatable value for bettors. The collaboration between the HKJC, Ascot Racecourse, and the UK Tote promises a bright future for the growth and development of World Pool in the years to come.
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Betfred demonstrated its commitment to supporting a worthy cause by donating £84,000 to Prostate Cancer UK, a charity focused on men's health. The generous contribution resulted from specific achievements during the British Masters golf tournament.During the tournament, Betfred pledged to donate £50,000 to Prostate Cancer UK for any hole-in-one achieved at the fourteenth hole of the Brabazon Golf Course. English professional golfer Matthew Baldwin accomplished this feat, leading to a significant donation. In addition, Betfred committed to donating £500 to the charity for every hole completed in two strokes under par or better. Furthermore, the company contributed an additional £500 for each drive to the green on the tenth hole. The total donation of £84,000 reflects Betfred's dedication to providing financial support and raising awareness about prostate cancer. Owner Fred Done emphasized the importance of promoting awareness and encouraging individuals to undergo regular check-ups for early detection. Betfred has been making strides in strengthening its partnerships within the gaming industry. In March, the bookmaker announced an expanded collaboration with gaming provider Playtech. This multi-year extension deal resulted in more of Playtech's betting terminals being placed in Betfred's retail spaces. Furthermore, the partnership included introducing horse and dog racing features on the machines, providing an enhanced gaming experience for customers. Mark Stebbings, the group chief operating officer at Betfred, highlighted the significance of their ongoing relationship with Playtech and emphasized the growing importance of betting terminals as a vital component of their retail offering. Betfred's recent donation to Prostate Cancer UK showcases its commitment to positively impacting society. By supporting charitable causes and fostering strategic partnerships, Betfred continues to solidify its position as a responsible and socially conscious bookmaker in the industry.
Bet365 has secured an extended partnership with the Ultimate Fighting Championship (UFC), reinforcing its role as the official sportsbook partner for the UK and Ireland. The agreement will now expand to cover additional European regions, such as Denmark, Germany, Spain, and Italy, further bolstering the collaboration between the two entities. As part of the expanded deal, Bet365 users will have access to a range of new features through the collaboration with IMG Arena, an official UFC partner. This includes the integration of the UFC's official data feed and in-screen live streaming of UFC fights on the Bet365 app and website. This enhanced viewing experience will provide fans with real-time updates and the opportunity to watch the action unfold as they place their bets. One of the notable additions is the introduction of the "Bet Builder" feature, allowing Bet365 users to create customized bets. With this innovative tool, players can combine multiple markets for the same bout into a single bet, providing a more personalized betting experience. Furthermore, Bet365 will continue to offer the exclusive "One on One" dedicated UFC show on its official YouTube channel. This show will deliver exclusive previews, in-depth analysis, and demonstrations of mixed martial arts (MMA) techniques, offering fans valuable insights into the world of UFC. A spokesperson from Bet365 expressed their excitement about the extended partnership and the upcoming enhancements to the UFC betting experience. The spokesperson highlighted the introduction of the Bet Builder feature and the live streaming of UFC events within the app, providing customers with an immersive and engaging platform to enjoy the sport. Nicholas Smith, UFC's vice president of global partnerships, also expressed enthusiasm for the continued collaboration with Bet365. Smith praised Bet365's commitment to MMA's growth through their bespoke and educational content. He emphasized the shared vision of innovation and delivering exceptional experiences to fans and customers, expressing confidence in the partnership's future expansion and development. The extended partnership between Bet365 and UFC signifies the mutual commitment to provide fans with enhanced betting options and immersive viewing experiences. As both entities continue to prioritize innovation and customer satisfaction, this collaboration is set to elevate the UFC betting experience to new heights.
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The GB Gambling Commission has taken decisive action against Star Racing Limited, imposing a fine of £594,000 as a consequence of serious AML and social responsibility failings. The company, which operates under the trading name Star Sports, will also receive an official warning from the Commission and face additional conditions imposed on its license. During the period from March 2020 to May 2021, Star Racing exhibited several AML shortcomings, including inadequate policies, procedures, and controls. The company allowed customers to make large deposits without obtaining a sufficient source of funds information and failed to analyze the data obtained appropriately. These failures raise concerns about the effectiveness of Star Racing's AML measures.Furthermore, the Commission found that Star Racing demonstrated a lack of understanding regarding the impact and effectiveness of customer interactions in terms of minimizing the risks associated with gambling, indicating social responsibility failures. These shortcomings undermine the importance of responsible gambling practices and customer protection. This particular case involves breaches of Paragraphs 2 and 3 of Licence Condition 12.1.1, which pertain to anti-money laundering efforts, and Licence Condition 12.1.2, which mandates that foreign-based operators follow the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Star Racing was also found to have violated the Social Responsibility Code Provision (SRCP) 3.4.1, which mandates that licensees interact with customers to reduce the likelihood of harm related to gambling. In accordance with the Gambling Commission's licensing, compliance, and enforcement policy statement, the regulatory body determined the appropriate penalty and warning. As part of the additional licensing conditions, Star Racing will be required to conduct risk-based due diligence on third-party transactions to ensure compliance with AML regulations and enhance customer protection measures.The fine and imposed conditions send a clear message to operators in the gambling industry, emphasizing the importance of robust AML procedures and effective social responsibility practices. The Gambling Commission remains committed to ensuring the sector's integrity and safeguarding consumers from potential harm associated with gambling activities.
Leading live dealer and betting games provider, BetGames, has announced a significant partnership with PartyCasino, a prominent online operating brand. The collaboration marks an important milestone for BetGames' expansion in the UK market, as it brings its portfolio of a number of products to PartyCasino's platform, offering an enhanced gaming experience to a wider audience of UK players. BetGames' numbers games, including the popular Lucky 5, 6, and 7, have gained recognition for their innovative approach to the vertical. The company recently significantly upgraded its studios, technology, and security measures to ensure an exceptional product that meets the high standards of the top-tier operators it serves.PartyCasino, known for its strong presence in the UK market, will now feature BetGames' numbers products, further enriching its content offerings and catering to the preferences of its players. The partnership aligns with BetGames' strategy to expand its presence in regulated markets and build on its success in securing additional UK licenses. Andreas Koeberl, CEO of BetGames, expressed excitement about the collaboration, stating, We are thrilled to have our number of products live on PartyCasino. With our commitment to providing the best portfolio and an exceptional player experience, we are confident that users will enjoy the revamped Lucky 5, 6, and 7 games. Lorenzo Carlini, Product Marketing Manager at PartyCasino, also expressed enthusiasm for the partnership, emphasizing PartyCasino's dedication to delivering top-quality content. Carlini stated, We are delighted to offer BetGames' numbers products to our players. This agreement aligns with our goal of providing the very best content and brings more high-quality products to the PartyCasino platform. The partnership builds on BetGames' recent achievements, including securing additional licenses in the UK and revamping its Lotto Reloaded studios. The company's leading products are authorized in key markets regulated by the UK Gambling Commission (UKGC) and the Malta Gaming Authority (MGA) while also meeting regulatory requirements in various South African jurisdictions. As BetGames continues collaborating with industry-leading operators, including Entain, Betway, Hollywoodbets, STS, and Kaizen Gaming, the company solidifies its position as a leader in live dealer fixed-odds betting games. The PartyCasino partnership further strengthens BetGames' presence in the UK market and sets the stage for continued growth and success in the industry.
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Betfred, known as Done Bros, has been instructed by the UK Gambling Commission to pay a £3.25m penalty for significant breaches of social responsibility and anti-money laundering (AML) regulations. The regulatory settlement comes after an investigation uncovered a range of failures in AML policies, procedures, controls, and shortcomings in social responsibility practices. The investigation, conducted by the UK Gambling Commission, found that Betfred exhibited deficiencies in implementing AML policies, procedures, and controls. The operator also displayed inadequate social responsibility policies, procedures, controls, and practices between January 2021 and December 2022.Specific social responsibility failings identified by the Commission included a lack of controls to protect new players and a failure to monitor high-velocity spending and duration of play. These deficiencies exposed customers to the risk of substantial losses without appropriate safer gambling interactions. Betfred also assumed that winning customers were not at risk of harm, neglecting to carry out necessary safer gambling interventions. In terms of AML failings, poor record-keeping and the setting of high financial alert thresholds were highlighted by the Commission. Betfred also failed to obtain the required "know your customer consistently" (KYC) identification and source of funds (SoF) documentation from customers when predetermined thresholds were met. The operator relied heavily on open-source information without taking sufficient steps to verify customers' SoF details. The UK Gambling Commission outlined specific breaches of licensing conditions, including inadequate assessments of the risk of the business being used for terrorist financing and money laundering. Betfred failed to detail risks and countermeasures associated with monitoring customer transactions across multiple licensed betting offices, products, and platforms. Additionally, the operator failed to implement appropriate policies, procedures, and controls to prevent money laundering and terrorist financing. The settlement reached with Betfred includes a £3.25m payment, which includes divestment of £1.05m. The operator has also agreed to cover the investigative costs incurred by the Commission and consented to the publication of details regarding the case. Kay Roberts, the UK Gambling Commission's executive director of operations, emphasized the importance of maintaining high standards across the entire gambling industry. She stated, Gambling is a legitimate leisure activity enjoyed safely by millions, but every single operator - either online or offline - must have in place effective safeguards to prevent harm or crime. Betfred joins other operators who have faced regulatory settlements with the UK Gambling Commission for social responsibility and AML failures. Videoslots, William Hill Group, and Star Racing are among the companies that have been fined for similar breaches. These regulatory actions underscore the Commission's commitment to upholding industry standards and ensuring the protection of players.
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