New code of practice enforced against Sporting Options
Monday 15th November 2004
BETA has today revoked the membership of Sporting Options Ltd with immediate effect. The decision was taken by the BETA Executive Committee on the basis of Sporting Options Ltd having been found to be in material breach of the Code of Practice for Betting Exchanges.
Andrew Silverman, BETA’s General Secretary, said:
“BETA is committed to maintaining the highest standards of probity and integrity in the betting industry. That is why we have acted swiftly to revoke the membership of Sporting Options Ltd. There is no room in BETA for companies that fail to meet the standards set in the betting exchange code of practice.”
Notes to Editors
1. BETA was established on 9 September 2004 to:
Provide a forum for communication between the exchanges and help to drive best practice in the fastest growing sector of the UK’s gambling industry Represent the betting exchanges in their discussions with Government and regulatory authorities Brief MPs and Peers throughout the course of the Gambling Bill Work in partnership with the Gaming Board and the new Gambling Commission
2. BETA supports the Government’s plans for the modernisation of our gambling laws and believes that the Gambling Bill will deliver reforms that underpin growth, while ensuring that the betting and gaming industry is accountable to a new regulatory authority.
