Betcade confirms that it will cease operations this January

first_imgShare Submit Share Ladbrokes backs Irish boxing champion Jason Quigley July 18, 2019 David ChangIssuing a corporate statement, David Chang the CEO & Founder of dedicated ‘real-money’ gaming/gambling app store Betcade has informed stakeholders and the media that his firm will cease operating by the end of January 2017.Updating the market, Chang did not detail specifics as to why Betcade has chosen to stop its operations. Chang thanked all stakeholders associated with the Betcade project, further stating that he remained excited about the ‘future of the gambling industry’.Launched in December 2015, Pasadena start-up Betcade aimed to become the go-to destination for ‘real-money’ apps for the gaming and betting sectors, where consumers may have faced download restrictions from native mobile system providers (Apple & Android).By May 2016, Betcade had opened its app store seeking app submissions from industry operators. Furthermore, the start-up had opened a European hub with aim of boosting its profile to licensed operators and real-money games developers.The news of Betcade’s closure will have surprised a number of industry observers, who had marked Betcade as one of the sector’s most unique start-ups.Chang detailed in his statement: “Start-ups seek to positively influence the industry which they are in however this comes with considerable risk as a business. After evaluating our options, it was determined that the best course of action for the company was to close the business in an orderly manner and look after our people the best we can.” Winning Post – US regulation… Are we California Dreamin? November 25, 2019 Related Articles StumbleUpon 6 of the Best – Gamban’s Daniel Umfleet June 13, 2019last_img read more

‘Get real’ on in-play restrictions and surveillance urges DSWV

first_img StumbleUpon MoneyMatrix boosts wire transfer options by integrating Klarna’s Sofort August 24, 2020 Share Share Related Articles Submit Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 DSWV, the ‘German Sports Betting Trade Association‘, has welcomed the new consensus reached for the online gambling components of the ‘Fourth Interstate Treaty on Gambling’, which would allow for federal provisions on online casino and poker.This week, the Bundesrat press agency confirmed that all 16 Länder (states) had agreed ‘in principle’ to allow for concessions on online casino, poker and slots licensing on the proviso that legislation protects minors and vulnerable consumers.DSWV governance has welcomed the reforms, underlining that the ‘prohibition of online games has proven ineffective in a digital age’.Despite progress on online gambling, the DSWV maintains its stance that Germany’s planned federal framework will remain ineffective for sports wagering, particularly by limiting monthly player deposit limits to €1000 and restricting inventory on in-play markets.DSWV President Mathias Dahms described the Treaty’s unappealing sports framework as the German federal market’s biggest sticking point.“It is particularly problematic for us is the very tight criteria of live bets held exclusively on the final result or on the next goal in sports with a small number of goals, such as football,” said Dahms.Of further concern, Dahms underlines that an unclear Bundesrat mandate on market in-play restrictions could see popular markets such as tennis, handball and basketball (all high points scoring sports) become obsolete to the consumer.With wagering in-play functions becoming the standard-norm for sports betting customers, Dahms that current frameworks will only lead to ‘disappointed consumers turning to the black market’.In addition, the DSWV maintains its stance that a monthly deposit limit of €1,000 per customer ‘should not be regarded as consumer protection’, instead advising Länder to consult with industry leadership on implementing comprehensive safeguards.Further to securing consensus on online gambling provisions, this week Länder states agreed that German gambling would be monitored by a ‘super surveillance authority’, which would be charged with registering customer files on all gambling consumers.Whilst the DSWV supports the foundation of a ‘supervisory authority’, the trade body underlines that the unit will have to be ‘flexible to market developments’. Dahms also questioned the need and resources required to maintain ‘activity files’ on German consumers.“It will be a gigantic technical effort to maintain all central ‘activity files’ recording consumers parallel use of various gambling product and engagement with offers across the Internet,” he added. “The associated waiting time of 5 minutes when switching from one offer to another completely ignores the reality of life for consumers in the digital age.” Mateusz Juroszek – Non-stop STS will expand amid industry disruptions August 12, 2020last_img read more

Wednesday August 5th Local Sports

first_imgTONIGHT:AM-1300 KGLO — Minnesota Twins at Pittsburgh — pre-game 5:30, first pitch 6:05 CEDAR FALLS — University of Northern Iowa officials have the go-ahead to create a “team room” for the Panther football team inside the UNI-Dome in Cedar Falls.“To the extent there are corners in a round building, it’ll go in the northeast corner of the UNI-Dome. It’ll add 120-140 seats and that can be divided in two for offense and defense or whatever. It’ll also serve as premium seating on game day and other special events,” says Michael Hager, a vice president at the University of Northern Iowa.The board that governs the state universities approved the project at its meeting in late July. The project will cost about $2 million and Hager says it will be financed with private contributions.“There’s no public funds, no general fund dollars going to this,” Hager says. “It’s entirely private gifts from generous donors will pay for this.”The UNI-Dome was built in the mid-1970s and is the home for Panther sports as well as the Iowa High School Football Championship games. DES MOINES — There won’t be fans but there will be a track meet at Drake Stadium later this month. The Blue Oval Showcase on August 29th will be a one-day meet featuring professional athletes. Blake Boldon is Director of the Drake Relays, which was cancelled this year due to COVID-19.KGLO News · 8 – 5-boval – 1Boldon says the meet will follow all safety protocols.KGLO News · 8 – 5-boval – 2Boldon says the meet has been in the planning stages for several months.KGLO News · 8 – 5-boval – 3Boldon says they are thrilled to host a meet like this in a year they were forced to cancel the Drake Relays.KGLO News · 8 – 5-boval – 4The schedule of events for the Blue Oval Showcase includes sprints, hurdles, field events, and the USATF 1 Mile Road Championships. The competitions exclusively occurring inside Drake Stadium are ones deemed low risk by USA Track & Field. The USATF 1 Mile Road Championships, previously scheduled as part of the Grand Blue Mile races in April, will be limited to approximately 10 male and 10 female participants and will finish on the Blue Oval MINNEAPOLIS (AP) — José Berríos pitched six innings, Nelson Cruz had three hits and the Minnesota Twins beat Pittsburgh 7-3 for their fifth straight win. Minnesota improved to 9-2 for the second time in the team’s 60-year history. The other was 2001. The Pirates lost their fifth in a row and have baseball’s worst winning percentage at .182. The game was delayed for nine minutes in the fifth inning and players were pulled off the field when an unauthorized drone flew over center field at Target Field. A few pitchers in the bullpen threw balls at the drone but missed.center_img AMES — There’s at least a temporary delay in planning for more upgrades to Hilton Coliseum in Ames, the home floor for ISU basketball, volleyball and gymnastics.The original schedule had called for Board of Regents approval last week, to kick off the process of seeking bids for designs that would expand the arena’s north and south concourses.“It was to be funded by athletic department operations and private giving. This is an excellent project and will greatly enhance this facility,” said Milt Dakovich of Waterloo, an ISU graduation who is a member of the Board of Regents. “Exercising an abundance of caution in these uncertain economic times, we have deferred this project two months, to our September meeting.”The board will review all the athletic budgets for Iowa State, Iowa and UNI at that meeting. The board cited the “volatility surrounding college sports” as the reason for not conducting that review at its July 29 meeting. EDMONTON, Alberta (AP) — J.T. Miller had a goal and an assist and the Vancouver Canucks beat the Minnesota Wild 4-3 to even their qualifying series at a win each. Tanner Pearson, Brock Boeser and Bo Horvat also scored for the Canucks, and Jacob Markstrom made 32 saves. Kevin Fiala had two goals and Luke Kunin scored for Minnesota. Alex Stalock made 24 stops. Game 3 is Thursday, when lower-seeded Minnesota will be the home team for the first time in the series. Matt Dumba continued to raise his right fist on the Wild’s bench through the pregame anthems to bring attention to racism and social injustice.last_img read more