Gambling white paper: Betting firms forced to ‘step up’ checks in biggest industry overhaul since 2005 April 27, 2023 Gambling companies will be subject to tighter regulations including a statutory levy and stricter checks on losses, the government announced today in its long-awaited gambling white paper. The secretary of state for culture, media and sport Lucy Frazer announced on Thursday that the industry would be subject to “six key areas” of reform. Operators will [...]
Draft rules for UK gambling sector expected to be published today April 27, 2023 The long-awaited gambling white paper setting out government proposals to make regulation of the sector “fit for the digital age” is expected to be published today. Campaigners are hopeful it will include plans for affordability checks and the introduction of a statutory levy on gambling operators to pay for research, education and treatment of problem gambling. Other measures hoped to feature [...]
Premier League names date for ban on front-of-shirt gambling advertising April 14, 2023 Premier League clubs have agreed to remove gambling advertising from the front of their match shirts, it has been announced. Teams voluntarily adopted the change, which will be phased over the next year so that no team has a betting brand on the front of their kit by the 2024-25 season. The move is designed [...]
Flutter set to appoint new chair as gambling firm looks stateside April 10, 2023 Flutter, the world’s largest listed online gambling company, is expected to appoint a US-based businessman to the role of chair, in the latest signal that the firm plans to strengthen its profile in the US. Sky News first reported that the company is in “advanced” talks to appoint John Bryant to the role, but the [...]
Scott Benton: Tory MP suspended after sting shows him bragging about dodging corporate hospitality rules April 7, 2023 An MP suspended from the Tory Party over lobbying allegations was caught on camera saying there are ways for elected officials to dodge their requirement to declare corporate hospitality. Scott Benton appeared to suggest MPs allow companies to put a falsely low value on tickets they have accepted for live sports and cultural events, in [...]
Gambling crackdown continues as William Hill told to pay record £19.2m fine over ‘widespread and alarming’ failures March 28, 2023 Three gambling businesses owned by William Hill will pay a total of £19.2 million for “widespread and alarming” social responsibility and anti-money laundering failures, the Gambling Commission has announced. The settlement is the largest in the Gambling Commission’s history. WHG (International) Limited, which runs williamhill.com, will pay £12.5 million; Mr Green Limited, which runs mrgreen.com, [...]
Share price down for 32Red and Platinum Gaming owner after £7.1m fine for failing gamblers March 23, 2023 Online gambling group Kindred Group’s share price slumped more than two per cent at the open this morning, after two of its major operators 32Red and Platinum Gaming were slapped with a £7.1m fine for regulation failures. The betting firm was wrapped for failures in its social responsibility duties and anti-money laundering measures, according to [...]
888: Finance boss quits as betting giant’s revenue is down January 13, 2023 Betting giant 888’s finance boss announced today he will step down as the betting giant’s revenue lag slightly behind last year’s levels. Yariv Dafna will step down in March after two and a half years at the company’s helm. The group – which owns retail and online brands such as William Hill, 888 and SI [...]
Fortnite fined over £420m as video game makers face regulation December 20, 2022 Makers of videogame Fortnite have been fined a record $520m (£428m) by the US’s Federal Trade Commission (FTC). The fine is a two part penalty for Epic Games, the video game company behind Fortnite. The company was fined for tricking players into making in-game purchases and for storing children’s data without parental consent. The penalty [...]
Betting firms warn affordability checks chipping at revenues December 12, 2022 Betting firms have called on the government to publish the long-awaited gambling white paper after a new study finds affordability checks are already chipping at revenues.
