Quoteworthy -- "I welcome the innovation that betting exchanges bring to the betting market. And I believe that the proposed Gambling Commission can regulate them effectively. But there is potential for consumers to be exploited. Exchanges do present an opportunity for those with 'inside information', acquired improperly, to make a profit from the uninformed punter."-- U.K. Gambling Minister Andrew McIntosh. Addressing the Future of British Gambling Conference in London today, McIntosh said that the government will propose giving the new Gambling Commission the authority to freeze and void bets in situations where the punter has received an unfair deal. He added, "Of course, information and intelligence is at the very heart of betting. But some information is obtained improperly or is used improperly. So the Government will bring forward proposals for the Gambling Commission to have powers to void bets that it believes to be unfair. We are acting now to help sports regulators root out any cheating or improper conduct."
Telemedia Conference -- The World Telemedia Conference, scheduled for Nov. 3-5 in Prague, will feature discussions about emerging markets created through new content, billing, and technology opportunities such as gambling, games, dating, chat, pictures, and music. The conference could attract leading online and mobile content providers, cable and mobile operators, online billing and credit card companies, e-tailers, information providers, ISPs, gaming companies, software developers, consultants, and more.
ukbetting -- Peter Dubens, executive vice chairman of ukbetting, recently provided an interview to The Wall Street Transcript. Dubens explained that part of the company's strategy is rolling out more products and widening its offerings. He said, " When we bought the betting sites, they only really provided fixed-odds betting on horse racing and football in the U.K., and only online. We now provide the ability to bet both on mobile and through a call center and we have started offering different products to our customers like casino, poker and numbers games." The company's first goal is to make the business profitable, and to do that they have hired Trevor Beaumontwho they hope can raise their fixed-odds betting margin up to the industry standard.
Operation Black Jack -- Operation Black jack, an Italian investigation into illegal online gambling that took a year to complete, has identified109 illegal sites. Eighty individuals are under investigation for participation while 83 others are in the process of identification. Five hundred officers participated in the investigation, which was based in the Catania tax police headquarters and was assisted by the Technological Anti-Crime offices in Rome. Police mapped an illegal online gambling ring by following the pop-up ads, banners, and links they encountered while navigating sites of online casinos.