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Business
August 27, 2020
Betfred Seeks to Acquire Cash-Stricken Operator Phumelela
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 […]
Sports
June 17, 2020
Betfred Partners with the Broncos Ahead of Its Official Sports Book Launch
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 […]
Legal
May 21, 2020
Sports Books and Casinos Win the VAT Legal Battle with HMRC
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 […]
Business
March 16, 2020
Betfred Obtains Access To MoPlay’s UK Customer Database
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 […]
Sports
February 7, 2020
Betfred and SG to Launch PA Sportsbook by Summer 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 […]
Business
February 4, 2020
Betfred Sportsbook Goes Live in Iowa
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 […]
Sports
January 23, 2020
Betfred Teams Up with Saratoga for Sports Betting in Colorado
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 […]
Business
January 17, 2020
Betfred Owners Have Government Gambling Treatment Contracts
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 […]