Most bookmakers are being faced by tough moments in the betting industry. William Hill has been struck by a total of £23 million total taxes in the Q3 of the year. The firm claims that this has been attributed to the absence of World Cup football as well as the incorporation of fresh betting levies by regulators.

The news comes after William Hill claimed that its total profits went down by 39pc for three months until September whereas its net income fell by 9pc. This resulted to a £23 million tax levied to the firm in the third quarter of the year.

William Hill added that it is facing antagonizing moments of the year as compared to this time of the year in 2014 when the firm enjoyed additional income that resulted from the football World Cup in Brazil. The company also added that the resultant tough rules on betting and its levies has attributed to their drastic profit fall with an increased tax payment.

The Chief Executive of William Hill James Henderson claimed that he believes all will be well and by the end of the current fiscal year, his firm would oversee a rise in its incomes. He continued to say that they expected the Q3 to be tougher enough since with no World Cup being played and the introduction of new regulations. The current quarter also faced a deprived outcome to various betting retail bases of William Hill with the US and Australia most notable. This led to a drastic decrease in shares by a whooping 7pc to record at 321.3p the lowest in the last 16 months.

Last April, the incorporation of the over £50 bet across all gaming machines commonly termed as fixed odds betting terminals was also a fundamental factor to the fall in the FTSE-250 company.

An analyst with Cenkos Simon French denoted that the less strong weak margin was the main reason as to why the performance was below par unlike many had anticipated. The consolidation wave that was experience in the betting industry played a bigger role in the income subsides by William Hill.

As this happens, William Hill main antagonist Ladbrokes and Coral are undertaking a strong association worth £2.3 billion whereas Bwin.party agreed to assimilate Sportingbet-owner GVC for £1.1 billion.

Racing heads with the leadership of British Horseracing Authority (BHA) have joined hands with the aim of eradicating the issue of bookmakers sponsoring racing events, tracks as well as festivals. The effect will come to be not unless these bookmakers pay levy contributions. This move was processed by the Arena racing Group (ARC) and the Jockey Club who have ditched the bookies since they have not been meeting their levy principles.

The enforcing of the levy acts has been attributed by the fact that a report by BHA has indicated a total loss of £30 million every year by the British Racing which equals to the tax payments. The report also indicated that there is a high possibility of racing contributions by bookmaker from £105 million in 2004/04 to £53 million in 2017.

Chief Executive of the BHA Nick Rust claimed that British racing has been according millions of people with much needed fun, created over 85,000 jobs as well as incorporating £3.4 billion to the economy. However, the reluctant of Horse Betting levy system to fund them from the incomes generated from the

The BHA claimed that those bookmakers who have contributed their levy share have been accorded with UK Racing’s ‘Authorized Betting Partners’. They include Betfair, bet365 and 32Red. The bodies have decided on holding the move up to the 31^st day of December where they hope to have come up with a substantial solution. All deals conducted at this period will be respected but won’t be reintroduced at any given time.

Chairman of the Racecourse Association Maggie Carver claimed that the RCA and other associates in the racing and betting platforms are working in order to come up with a Racing Right. Time will be accrued for the well-being of their relationship in spite of the Government welcoming the commitment strategy.

He continued to add that the RCA and its associates have for long appreciatedthe marketablerelations with stakeholders from betting operators. Nonetheless, it would be fair if there is integrity and fair rendering of levies for the benefit of each stakeholder. The ARC and Jockey Club Racecourses have shown the right procedure to undertake in such a scenario.

The Australian Independent Gambling Authority (IGA) is determined to incorporate new rule in their new proposed set. The rules will see the banning of granting spontaneous credit to clients by online betting operators based in South Australia.

If the rules are activated, betting operators will have a hard time in having to undertake thorough checks on the credits they offer to their clients. This will be followed by a faster mode of withdrawal process with the discloser of spotter fees being incorporated too.

In any way the operators go against the new law, a fine of A$100,000 will be waiting at their door steps. This goes to the 19 licensed betting firms which offer the service and have over 74,000 registered accounts.

The Minister for Business Services and Consumers Gail Gago claimed that the new proposed rule came to being in August after a report by Financial Counseling was adamant to have an in-depth analysis on how betting sites have been offering credits to their clients.

She claimed that more often than not, these betting sites have been offering their clients with huge sums of money without considering the status of a client if he or she can be in a position of repaying it. It was also evident that there were special clients who acted as agents in luring other customers into various betting offerings with credit among them.

Ms. Gago hopes that the law would be enforced ASAP in attempt to rescue exclusive gamblers. At the same time, the IGA has accorded the betting operators to respond to the law in 28 days after which the lawmakers will enforce it and by 2016, it would be fully functioning.

TheDirector of the IGARobert Chappell commented that they are considering the report and that the seductive aspect of these online betting firms have portrayed a great threat to bettors who give in to their demands without having a second thought. He continued to claim that there is a high possibility of incorporating the proposed law as it forms the basic value and awards a bettor a freedom of choice. This would also change the behavioral pattern of these betting sites.

The British Basketball League (BBL) has announced that it has entered into an integrity deal with Sport Integrity Monitor (SportIM). The deal mandates the SportIM as well as giving it powers to act as watchdog in observing and making thorough analysis to the global gambling markets for the British Basketball League tournaments. The association will also work shoulder to shoulder with the league in eradication and prevention of any malpractices that may include match fixing or any other related scandal.

This association between the two parties gives British Basketball League an opportunity to have an advantage the work done by the SportIM which involves keeping an eye on all systems in more than 35,000 basketball events that take place yearly. The firm will incorporate top class information and statistics from the courts as well as from betting information across the gambling market. The association also claimed to have complicated basketball algorithms that would be crucial in pointing out any indiscretion in odds all over the global betting markets. It will submit its findings under the actual time data which will be directed to the league.

The Chief Operating Officer at the British Basketball League, Andy Webb, claimed that this association between the league and Sport Integrity Monitor will play a big role as they try to safeguard their fans, players and other associates from the problem of match fixing. He was pleased to have never seen such an issue in the past but added that taking preventive and practical measures is fundamental to keep away match fixing catastrophe. This would open up the transparency of the matches being played as they will be free from any misconducts or corruption cases.

At the same time, Mark Locke, Chief Executive Officer of Sport Integrity Monitor added that he was pleased to oversee an association with Basketball League. This is the UK’s premier pro league that for long has showcased its honesty and openness in the sport and in turn has played a good role model to the community at large. H e concluded that they have set out Sports Integrity Monitor that would play a major role in ensuring the honor of basketball in the UK is maintained to the very end.

Calls from the New Mexico Council on Problem Gambling have requested for the closure of fantasy sports sites like FanDuel and DraftKings. The group claimed that there are online operational licenses that the two firms have to acquire for the group to end the protest. The executive director of the group Kandice Blanchard was the first to commend the eradication of fantasy sports in Nevada while group’s therapist Dr. John Rinaldi claimed that the two sites have to get a betting license since they resembles any other betting sport such as horse racing.

Rinaldi claimed that the outcome of a horse race depends heavily on the bettor’s research and knowledge on his horse. It also relies on the previous performance in past events. The two are fundamental in winning or losing. The same case applies to fantasy betting where skill is used and this brings no difference with horse racing. Hence, fantasy sports can be classified as any other form of betting.

He continued to claim that despite it being new in the market, fantasy sport like any other betting is also very addictive. Clients may not be attracted to it that much at this period but with time, the addictive outcome will be evident.

A number of States with New Mexico included have yet to classify fantasy sports as betting since there was a law which was passed by the Congress in 2006. This Unlawful Internet Gambling Enforcement Act has provided a shadow to hide in to FanDuel and DraftKings as they argue the game is based on personal skills unlike kismet.

JD Oltman in Las Cruces told KFOX14 that fantasy sports can incorporate both luck and skills. One has to have analyzed information on a player intended to select as well as the historical background of the team they are playing against.

This was the exact point that was brought forward by Kyng Diego who said that a win is only guaranteed to the person who undertakes a thorough research on the players playing on a particular day.

Rinaldi has faith in the review of the matter by lawmakers who are to converge in winter. On the other hand, the New Mexico Problem Gambling will accord assistance to betting addicts.

The current FIBA Americas Basketball Academy Director Victor Ojeda has received an honor from the Spanish Basketball Coaches Association. The event took place during the FIBA Americas Ordinary Assembly that took place on the 16^th and 17^th day of October.

The award was awarded to Ojeda for his outstanding contribution in basketball category in the area. He is a well-known club and nation head coach. He took charge of the Puerto Rico National team in 1978 and went on to clinch most wins in the national basketball history. He is currently a member in the World Association of Basketball Coaches (WABC).

The President of Spanish Basketball Coaches AssociationJuan Maria Gavalda claimed that they have believed in the tireless efforts by Ojeda who has been instrumental in the growth of basketball not only in his native land of Puerto Rico or Americas continent at large but across the globe. And to honor his work, they have decided to award him with this prestigious honor. Through Ojeda, many have achieved substantial education on the sport and have went on to become professional basketball players.

Gavalda continued to claim that Ojeda has been on the front line in equipping coaches with advance knowledge in the sport in the Americas and this clearly portrayed the real passion in the sport. His work would have never gone unnoticed by many in the field.

Ojeda was appointed the FIBA Americas Basketball Academy Director back in 2003 and has been moving from one nation to another as he held several clinics for the better play of the sport.

Receiving the award, Ojeda claimed that he was happy to achieve such a prestigious honor and he added that this represented a clear indication that his department’s work has been propelling forward much as they had wished. He added that during his stint as a coach, he took equipping knowledge about the sport very seriously to a variety of professional players and coaches in all federal nations across the continent. This will continue in the near future.

Among the dignitaries at the Assembly were; FIBA Regional Director in the Americas, Mr. Alberto Garcia, FIBA Americas President, Mr. Usie Richards,FIBA Americas Secretary General Emeritus,Mr. Jenaro Marchand and FIBA President, Mr. Horacio Muratore.

Reports from the Finance Department in Delaware have claimed that the state officials are to undertake a thorough investigation on the eligibility and legality of fantasy sports betting DraftKings and FanDuel. This comes days after Nevada classified daily fantasy sports operations under gambling with an immediate banning following until the sites acquire a gambling license. The sites have been advertised frequently on TVs and a client only pays an entrance fee with a possible win of more than $1 million in cash.

Delaware Finance Secretary Tom Cook claimed that they have been on toes with events that are unfolding onfantasy sport betting and with the ban imposed on them by Nevada, Delaware had to go deeper in verifying the reason behind the existence of fantasy betting in the state.

The ban on the sports in Nevada follows the entrance of employees to these sites and this indicated a higher possibility of match fixing and other irregularities of the sport. Nonetheless, fantasy sport industry have claimed to have introduced the sport based on skill not chance and this is allowed according to the 2006 Unlawful Internet Gambling Enforcement Act.

According to Daniel Wallach, a sports law expert based in Florida, the step initiated by gaming control board of Nevada will not get rid of fantasy sports betting in the State for good, but at least it has shown its capability and played its role in regulation of illegal sports betting in the state. He claimed that it has been evident that fantasy is typical to gambling and this would call for operational license just like all other sports betting and gambling sites have.

This coming week, the House of Representatives will undertake a voting process on whether to minimize daily fantasy sports websites in Pennsylvania which are played in the 12 casinos based in the state. It was claimed that FanDuel and DraftKings had recruited ananteroom firm in Pennsylvania. Nonetheless, the two firms have claimed that this is not real betting unlike many state heads sees it. The State Public Integrity Commission has claimed that the two firms who have retained their lobbying business in Delaware since 2002, have not spent not even a coin in lobbying businesses.