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UKGC says Ladbrokes misled it in Black Dave case probe
The UK Gambling Commission clarified that the betting company Ladbrokes misled it during the investigation into the Black Dave case. The case in question was closed yesterday. But UKGC has warned the bookmakers of the need to be more careful when handling Rule 4 deductions in horse racing.
Back in 2017, the trainer David Evans faced a monetary penalty under the ruling body of the local racing industry for delaying notifications of a non-runner, Tango Sky. According to investigation findings, this provided him with the chance to back Black Dave, the other entrant, before its odds shortened. At the time of placing his bet, Evans also told Ladbrokes that he planned to withdraw Tango Sky.
Ladbrokes, on its turn, had claimed that three years after the event, it could not be sure of the reason why the odds of Tango Sky were reduced shortly after David Evans had made his bet. However, the UK gambling regulatory body managed to find evidence that the bookmaker did so in order to boost the deductions made from winning bets already placed under Rule 4.
As revealed by the Commission, Ladbrokes had failed to properly review the entire information available before it provided what was called inaccurate explanations by the watchdog.
The Commission insisted that gambling operators must take into account what had happened in the Black Dave case and Ladbrokes’ actions and reminded them that the viability of the sector in the long-term was based mainly on customer trust. The watchdog further explained that it would continue to monitor the situation and if necessary, t would consider exercising its formal regulatory powers on both the bookmaker that is in breach and the industry as a whole.
Despite the fact that the UK Gambling Commission found certain failings of the company in terms of the above-mentioned case, Ladbrokes still escaped punishment, due to the fact that its actions were not categorised as a violation of the licence conditions or code of conduct set by the UKGC in terms of the proper application of Rule 4.
In addition, the British bookmaker was given credit for the fact that it brought the case to the attention of the local racing regulatory body on the very same day of the race. At the time of the investigation, it also became clear that the operator saved only £7.70 by cutting the price of Tango Sky in the race which did not bring it much of a turnover.
The bookmaker issued a statement on the matter, saying that the company’s initial understanding of what had happened at the time when the price was changed turned out incorrect, but this had only become evident when the case was reviewed in depth. What is more, the company also explained that the reduction of Tango Sky’s odds contradicted to its trading policy at the time and shared that its traders had already been warned about that.
As a result, the UK Gambling Commission has provided more information about the manner in which all gambling operators are expected to apply Rule 4.
Source: casinoguardian.co.uk
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Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry
- Innovative engagement strategy positions MeridianBet as a leader in CSR within the betting and gaming industry
- Optimized brand loyalty as active customer participation in CSR strengthens connection and loyalty
- Scalable impact, as the model is designed for expansion and could be adapted to new markets, indicating potential for widespread adoption and growth
Transforming Customers into Environmentalists and Humanitarians
MeridianBet’s pioneering initiative, Meridian Donate, is transforming the betting industry by engaging customers directly in corporate social responsibility (CSR) actions. This unique platform allows customers to actively participate in and fund various environmental, societal and humanitarian projects, setting a new standard for customer engagement and community impact.
Key Features of Meridian Donate:
- Direct customer involvement: Customers are not just donors but active participants in CSR decisions
- Diverse programs: Offers choices from global afforestation to local humanitarian efforts
- Partnerships with renowned organizations: Collaborates with entities like the Red Cross and UNICEF
Expanding Impact: A Year-by-Year Growth
The Meridian Donate platform has seen substantial growth in its scope and impact:
- Number of individual campaigns: Grew from 8 in 2021 to 20 in 2023
- National markets Integrated: Expanded from 3 in 2021 to 8 in 2023
- Direct Beneficiaries: Increased from 43 NGOs in 2021 to 159 in 2023
In 2023 alone, the platform’s expansion into eight markets facilitated 20 customer-funded campaigns, directly benefiting 159 NGOs, up from 122 the previous year.
Continued Commitment to Innovation and Community Involvement
Meridian Donate not only showcases MeridianBet’s dedication to CSR but also redefines the role of digital marketing within the industry. By converting sports bettors into active CSR participants, Meridian Donate enhances customer loyalty and brand value, making it a critical element of MeridianBet’s market strategy.
Recent Successes and Future Outlook
In its recent operation, Meridian Donate has launched an ambitious global afforestation initiative, committing to plant 20,000 seedlings across various regions. This project not only underscores our environmental commitment but also enhances our brand’s community presence. Already, several hundred contributions have been recorded in the platform’s first month, indicating robust customer engagement and support.
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Imagine Live Launches Casino Hold’em
Imagine Live proudly unveils its latest game addition – Casino Hold’em. This thrilling new game promises to elevate the poker experience for enthusiasts and novices alike, combining the excitement of traditional Texas Hold’em with the thrill of live casino action.
Casino Hold’em offers players a dynamic and immersive gaming experience. With sleek graphics, intuitive gameplay, and live dealers, players will feel seated at a high-stakes table in a world-class casino right from the comfort of their homes.
Key features of Casino Hold’em include:
Neon-lighting Studio: Casino Hold’em has a very inviting atmosphere. It features an elegant, well-designed studio with neon lighting that evokes a sophisticated gaming environment.
Captivating Gameplay: Stunning graphics and seamless gameplay transport players to the heart of the action.
Bonus Bet: In Casino Hold’em, players can place a Bonus bet alongside their initial Ante bet. Even if the Play bet is lost, the Bonus bet remains unaffected and can still be won if the specific hand criteria are met.
Multiplatform Compatibility: Enjoy Casino Hold’em on desktop, tablet, or mobile devices, allowing players to play anytime, anywhere.
“We’re thrilled to introduce Casino Hold’em to our players,” said Mikayel Aznauryan, Chief Product Officer at Imagine Live. “At Imagine Live, we’re committed to delivering premium gaming experiences, and Casino Hold’em is no exception. With its blend of live action, strategic gameplay, and neon design, we believe it will quickly become a favorite among poker enthusiasts worldwide.”
The post Imagine Live Launches Casino Hold’em appeared first on European Gaming Industry News.
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Relax Gaming increases Italian presence via Octavian Lab aggregation deal
Relax Gaming, the iGaming aggregator and supplier of unique content, has further increased its footprint in the Italian market with Octavian Lab.
Octavian Lab is a software house and service provider for online gaming suppliers. Led by highly specialised technicians, the company is committed to the development of products, protocols and integrated solutions in key regulated iGaming markets.
This partnership will see Octavian Lab’s operator partners in Italy, including leading sportsbook and casino Eurobet, gain access to a host of popular Relax Gaming titles.
Eurobet players are now able to enjoy timeless classics from Relax Gaming including the hugely popular Money Train series, Wild Chapo 2 and Marching Legions.
Gianluca Crimaldi, Director of Italy at Relax Gaming, said: “In order to continue our hugely successful trajectory in key markets such as Italy it is imperative that we continue working alongside some of the industry’s best aggregators.
“We are delighted to partner with the talented team at Octavian Lab who are helping ensure our games reach Italian players via the country’s top operators.”
Emanuele Nocentelli, CEO of Octavian Lab added: “We are proud of our partnership with Relax Gaming, one of the industry’s leading providers of high-quality games. It’s fantastic to be distributing their portfolio via our Gaming and Aggregation platforms and we are confident that Relax content will resonate with a wide audience of players across Italy. We look forward to maintaining and building upon this partnership for a long time to come.”
The post Relax Gaming increases Italian presence via Octavian Lab aggregation deal appeared first on European Gaming Industry News.
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