Sportech’s losses deepen as Covid hits betting firm’s trading April 1, 2021 Gambling firm Sportech’s pre-tax loss deepened in 2020 as Covid restrictions on trading battered the company’s operations. Sportech’s adjusted pre-tax loss worsened to £5.2m from £2 in 2019, while revenues fell 41 per cent to £20m. Meanwhile, gross profit fell by more than 27 per cent to £34m in 2020. Richard McGuire, chief executive of [...]
Gambling Commission chief Neil McArthur steps down amid sector review March 15, 2021 Gambling Commission chief executive Neil McArthur is stepping down after less than three years in the role, the regulator announced today. McArthur has served at the commission for almost 15 years, joining as general counsel in 2006. He was appointed to the top job in April 2018. His surprise departure comes at a crucial time [...]
Football Index has licence suspended by Gambling Commission after appointing administrators March 12, 2021 Football Index has had its licence suspended by the Gambling Commission after appointing administrators. The platform, which allows users to trade “shares” in high-profile footballers, suffered a market crash last weekend after reducing dividend payouts – one of the ways users can make money. Football Index suspended trading on Thursday, when it announced it was [...]
Pandemic leads to surge in online gambling at home February 26, 2021 Gambling Commission finds Increases in last few months to online gambling
