By Fiona Simmons

Business

Betfred Seeks to Acquire Cash-Stricken Operator Phumelela

August 27, 2020

Betfred appears to be the frontrunner candidate to purchase Phumelela after the UK-based gambling company offered to pay between ZAR875 million (£39.6 m) and ZAR925 million (£41.9m) for the assets of the struggling South African horse racing operator. The offer from Betfred, which have acquired in March the UK client database of MoPlay due to […]

By Julie Moraine

Sports

Betfred Partners with the Broncos Ahead of Its Official Sports Book Launch

June 17, 2020

Denver Broncos from the National Football League (NFL) announced Tuesday it entered into a multi-year partnership deal with UK-based sports book operator Betfred, through its US subsidiary Betfred USA Sports. The announcement of the agreement came a day before the official launch of the sports book at Saratoga Casino in Black Hawk, which would mark […]

By Jerome García

Legal

Sports Books and Casinos Win the VAT Legal Battle with HMRC

May 21, 2020

Sports betting operators in the UK are expected to reclaim up to £1 billion, after the legal battle over the inappropriately applied tax to fixed-odds betting terminals (FOBTs) is over. The Upper Tribunal Tax Chamber came up with a ruling last month supporting the First-Tier Tribunal stance that gambling companies have been charged VAT on […]

By Julie Moraine

Business

Betfred Obtains Access To MoPlay’s UK Customer Database

March 16, 2020

Betfred seems to have won the competitive auction for the customer database of online gaming operator MoPlay, as the owner company Addison Global has fallen into insolvency. Clients’ Database Auction The companies bidding for the UK section of the MoPlay’s clients featured strong competition from operators such as BetVictor, Star Sports and Virgin Media, but […]

By Stoyan Todorov

Sports

Betfred and SG to Launch PA Sportsbook by Summer 2020

February 7, 2020

British sportsbook Betfred has marked its latest expansion in the United States, after the company made a joint statement with Scientific Games that the pair will be launching a digital and retail sports betting product in Pennsylvania with the help of Wind Creek Casino, Bethlehem. Betfred Teams Up with Scientific Games for PA Launch Starting […]

By Mike Johnson

Business

Betfred Sportsbook Goes Live in Iowa

February 4, 2020

Last week Grand Falls Casino & Golf Resort in Larchwood, Iowa announced that its partnership deal with the UK-based sports betting operator Betfred finally materialized, as the casino opened a sports book where day-to-day operations will be handled by the bookmaker partner. Iowa Market Quite Dynamic Since the moment Iowa Governor Kim Reynolds signed the […]

By Stoyan Todorov

Sports

Betfred Teams Up with Saratoga for Sports Betting in Colorado

January 23, 2020

Saratoga Casino Black Hawk teams up with British sportsbook Betfred’s USA subsidiary to set-up shop for the companies in Colorado, which has recently legalized its sports betting industry. Betfred Enters Colorado with Saratoga Partnership Betfred has secured a landmark deal in the United States through its local subsidiary, Betfred USA. The company has teamed up […]

By Mike Johnson

Business

Betfred Owners Have Government Gambling Treatment Contracts

January 17, 2020

The owners of Betfred have been criticized because of their ties to both the flagship British betting company and Health Assured, a company with multiple government contracts, some of which pertain to gambling treatment. Betfred Takes Flak for Owning Addiction Treatment Business The names of Betfred owners Fred and Peter Done have been cited in […]

By Simon Deloit

Legal

UKGC Issues £322,00 Fine, Betfred Accepts AML Shortcomings

October 10, 2019

UKGC fines Betfred $322,000 over money laundering compliance Betfred acknowledges shortcomings and agrees to collaborate UKGC welcomes Betfred’s transparency in the matter Betfred has been fined over AML shortcoming, the UK Gambling Commission revealed on October 10. UKGC Issues £322,000 Penalty for Betfred Today, October 10, the UK Gambling Commission (UKGC) issued a £322,000 fine […]

By Mike Johnson

Business

Betfred Goes Launches Iowa with New Partnership

July 19, 2019

Betfred announces U.S. Expansion in Iowa The UK sportsbook is teaming up with Grand Falls Casino Resort Betfred will bring the full offer of its platform, including mobile and online betting Betfred has teamed up with Grand Falls Casino Resort to introduce its full sports betting portfolio in Iowa, the United States. Betfred Expands to […]