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New SBK Betting Podcast with Lee Westwood as first guest

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  • SBK – the sportsbook app powered by Smarkets – is delighted to announce the launch of the new SBK Betting Podcast, hosted by Jess Stafford of Racing TV.
  • Every episode will feature a new guest from the world of sport, starting with Lee Westwood, one of the most recognisable faces in golf for over 20 years.
  • Westwood is due to tie with Sir Nick Faldo’s record of 11 Ryder Cup appearances when he represents Team Europe at Whistling Straits this week and speaking exclusively to SBK on the podcast, he said:

“It’s ironic really that he set the record of 11 Ryder Cups in 1997 at Valderrama where I was his partner and that was my first one, so it’s all kind of gone full circle really. He’s obviously a legend of the game and it’s nice to be tying a record that he holds.”

  • The Ryder Cup veteran also commented on Brooks Koepka’s criticism of the ‘hectic’ event schedule:

“I can see where Brooks is coming from. Some people find it difficult to adjust to that team environment. We’ve all got into golf because we like the buck to stop with us at the end of the day. We like being individuals. A lot of us played team sports in our youth and we’ve kind of transferred to golf because it’s an individual sport and we like that environment, and then you get thrown into the team environment. The week of the Ryder Cup there is a lot to do, they cram a lot of media in, dinners etc. and practice rounds take a lot longer, and there aren’t a lot of hours in the day. And if you’re somebody like Brooks who likes to chill out going into tournaments it’s difficult; at a Major Championship he might play 18 holes on Monday, nine holes Tuesday, nine holes Wednesday, and really not do a lot but at the Ryder Cup it’s very full on!”

  • Team USA are 4/7 favourites with SBK to lift the trophy but Westwood does not believe these odds factor in the team element of the Ryder Cup enough:

“All the statistics that are used for compiling the odds take into consideration individual achievements. The world rankings are all based on individual achievements. But at the Ryder Cup you come together as a team so it’s completely different to what we do week in and week out. European teams seem to bond well and bond that little bit better (than the Americans). I always go into it not really thinking that either team is particularly the favourite. It’s a pretty level playing field and I think it’s just who holes the most putts at the right time, and generally just plays that last hole well when you need to under pressure; that’s who is going to come out on top at the end of the week.”

  • Westwood also announced that his son, Sam, would be taking over caddying duties from his wife Helen, who caddied for him at the recent BMW PGA Championship:

“Sam’s doing the Ryder Cup, my son. Helen’s doing all the wives and partners things and Sam’s doing the caddying. Sam’s caddied a lot for me this year, at the Masters and other events in Europe like the Scottish Open. They share it between the two of them.  Both know what to say to me, they don’t get involved in the yardage or picking clubs but they’re good on the psychology side of things. They just keep me in a good, nice, relaxed frame of mind which is even more important the week of the Ryder Cup.”

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56 suspicious betting alerts reported by IBIA in Q1 2024

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Football (soccer) and tennis accounted for 68% of cases

The International Betting Integrity Association (IBIA) reported 56 alerts of suspicious betting to the relevant authorities in the first quarter (Q1) of 2024.

The Q1 2024 total is an increase of 65% when compared to 34 alerts in Q4 2023 and an increase of 12% when compared to the revised Q1 2023 total of 50 alerts. All of IBIA’s alerts are identified using customer account data from IBIA members, which number over 50 companies and 125 sports betting brands, making IBIA the largest integrity monitor of its type in the world.

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The 56 incidents of suspicious betting in Q1 concerned six sports, across 21 countries and five continents. Other key data for Q1 2024 includes:

  • Football (soccer) had the highest number of alerts by sport with 24, representing a 50% increase on the 16 reported in Q4 2023 and a 60% increase on the 15 reported in Q1 2022.
  • Turkey had the highest number of country alerts with 8 (five in football, two in tennis and one in basketball).
    41% of all alerts in Q1 were identified on sporting events taking place in Asia, with North and South America joint second with 18% each.
  • There were only 4 alerts identified on sporting events in Europe, which represents a decrease of 76% compared to 17 alerts in Q4 2023.

Khalid Ali, IBIA CEO, said: “The first quarter saw an increase in reported alerts highlighting the ongoing challenge our members, sports and regulatory authorities face from corrupt activity, with football and Asia dominating our Q1 report. IBIA’s alerts are supported by detailed global customer account data only available to IBIA and its membership, which continues to grow, widening our world leading market coverage. That account data provides evidentiary information that is vital for advancing investigations and imposing sanctions. IBIA is committed to continuing to work closely with stakeholders and to providing this important evidence base.”

The Q1 report includes a focus on the availability of sports betting in Canada and a comparison between the licensing approach in Ontario and the monopoly approach in the rest of the country. IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in 2028. Whereas the rest of Canada combined is forecast to have an onshore rate of around 11% in 2024 becoming 13% by 2028.

IBIA currently represents over 60% of the private sports betting operators licensed in Ontario, with Glitnor recently announced as the latest operator to join the association in that province. IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA global monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members have over $300bn per annum in betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

The post 56 suspicious betting alerts reported by IBIA in Q1 2024 appeared first on European Gaming Industry News.

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Compliance Updates

Brazil’s Ministry of Finance Appoints Régis Dudena as Secretary of Prizes and Betting

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Regis Dudena, a seasoned lawyer with expertise in Public and Regulatory Law, has been appointed as the new Secretary of Prizes and Betting at the Ministry of Finance in Brazil. Dudena’s appointment ordinance is signed by Rui Costa, Minister of the Civil House.

The new secretary had already been visiting the Ministry of Finance and getting closer to the entire group at the Secretariat of Prizes and Betting, until then led by Simone Vicentini, deputy secretary.

The appointment of the lawyer is attributed to the Executive Secretary of Finance, Dario Durigan. Dario and Dudena worked together at Palácio do Planalto during Dilma Rousseff’s government.

Both worked in the Legal Affairs secretariat of the Civil House. Dudena’s name is linked to other names on the left. He has good relations with Edinho Silva (PT), mayor of Araraquara (SP).

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The SPA started operating two months ago. Since then, it had been without a permanent boss. Lawyer José Francisco Manssur, special advisor to the Ministry of Finance who coordinated the regulation of sports betting from the beginning, was the most likely to take on the position. But he was exonerated under pressure from Centrão politicians.

Bets representatives welcomed the name Régis Dudena.

From the beginning, the SPA was under the responsibility of Simone Vicentini, appointed as deputy secretary. Since then, it has edited the ordinances that defined requirements for laboratory accreditation and the sector’s regulatory policy.

Under her supervision, three laboratories have already been approved, GLI, eCogra, and BMM. Last week, the ordinance establishing the rules for payment transactions to be complied with by sports betting and online gaming operators was also published.

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Debra Martin Chase

Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors

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Gaming and Leisure Properties Inc. announced that Debra Martin Chase has been appointed to the Board of Directors as a new independent director, effective immediately, to fill the vacancy created by the previously disclosed passing of JoAnne A. Epps.

The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange. Ms. Chase has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board of Directors, effective immediately. Ms. Chase will hold her directorship until the Company’s next annual meeting of shareholders or until her successor is duly elected and qualified or until her earlier death, disqualification, resignation, or removal.

Ms. Chase is the founder and Chief Executive Officer of an entertainment production company doing business as Martin Chase Productions. She is a two-time Tony Award winning, a Peabody Award winning, and three-time Emmy nominated television, motion picture, and Broadway producer. Ms. Chase is an entertainment industry trailblazer, being the first female African American producer to have a deal with a major motion picture studio. Her films have grossed over $500 million at the box office. She brings to the Company over 30 years of experience in motion picture and television production as well as a corporate legal background.

Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “I am delighted to welcome Debra to our Board as we believe her extensive entertainment industry experience, impressive legal background and broad board experience across public companies and the arts will serve GLPI well as we continue to drive growth in shareholder value. She brings a wealth of knowledge to GLPI, which we believe is a perfect complement to the existing strengths of the Board. I am confident that she will help expand the diverse set of viewpoints that ultimately shape our mission.”

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