UK Gambling (Licensing and Advertising) Act postponed one month
The controversial UK Gambling law which was set to take effect 1 October 2014 has been postponed by one month to 1 November 2014. Sportsbook Review recently reported of the new gambling law and how online betting sites reacted to the coming legislation. The UK Gambling Commission website provides additional details on the decision to extend the implementation. | View full reportRead More
Online sportsbooks & the new UK Gambling law
- New UK gambling law set to take effect 1 Oct 2014
- Remote gambling operators must hold a license with UK Gambling Commission
- Point of Consumption tax imposed as of 1 Dec 2014
- What does this mean for players?
Major legislative changes are set to take effect in the UK — starting October 1 all online sportsbooks that cater to clients residing in the UK must be licensed by the UK Gambling Commission. This requirement is part of the UK Government’s sweeping gambling reform which introduces the Gambling (Licensing and Advertising) Act of 2014 (the “GLA”) and amends existing law The Gambling Act, established in 2005. What does the new law mean for online sportsbooks and what do sports bettors need to know?Read More
Avoid sportsbook scams headed into football season
In today’s SBR Industry News video with analysts Natalie Rydstrom and Justin7, the two discuss the need for players to do their homework before depositing with dodgy operators popping up before football season, as well as outstanding sportsbook complaints from the SBR mailbag involving YesBet, Bet770, and 12Bet.Read More
Are You Serious?
12Bet enforces unfair bonus rules
12Bet Sportsbook (SBR rating D-) is the subject of dispute analyst Justin7’s “Are You Serious?” video segment.
12Bet voids wager citing bad line
A 12Bet (unrated) player states that he had £456 in winnings voided. On November 29th, he risked £159 on the draw option in the Wolfsburg vs Bremen match. After his wager won, the player noticed his wager was voided. 12Bet told the player that there was an obvious error, since they intended to offer the line at 3.30 vice 3.87. The player disputes this, stating that 3.87 was a fair market price. SBR is attempting to discuss this dispute with 12Bet.
12Bet bonus confiscation update
On 11/25, SBR reported that 12Bet (unrated) confiscated €449.30 (20% of player’s winnings) from a player. That player had deposited €900 and received a €180 bonus. 12Bet refunded the player’s deposit following his rollover completion. 12Bet was able to provide evidence to SBR that the player operated multiple accounts to redeem their signup bonus.
12Bet confiscates bonus and 20% of player's winnings
12bet (unrated) confiscates €449.30 from player. A player deposited €900 and received a €180 bonus. After the player completed his rollover, 12bet docked his account with the following explanation:
The terms referenced by 12bet prohibit non-recreational play, and the usage of multiple accounts. No explanation was given to the player regarding which applied to him. SBR is following up on this dispute.
AsianLogic to acquire 12Bet
AsianLogic, an Asia-based online casino operator has agreed to acquire 12Bet Sportsbook. Each company is licensed in the Phillippines. In addition to its online casino endeavors, AsianLogic operates the Asian Poker Tour.
Rory Anderson, Chief Executive for 12Bet comments: