Shares in Ladbrokes owner Entain slump on money laundering investigation December 16, 2024 Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction Reports and Analysis Centre (Austrac) said on Monday that Entain’s Australian subsidiary failed to properly identify anti-money laundering risks in its first proceedings against an [...]
Spreadex ordered to sell Sporting Index after ‘creating monopoly’ November 22, 2024 Spreadex has been ordered to sell Sporting Index after it was ruled that the acquisition had created a monopoly. The Competition and Markets Authority (CMA) has told Spreadex to dispose of the ‘business-to-consumer’ firm after it snapped it up from Sporting Group last year. Spreadex and Sporting Index both provide sports fixed odds betting and sports [...]
Spreadex: Football focus helps turnover pass £100m November 19, 2024 A significant move into sponsorship of Championship football teams has helped turnover at Spreadex surge during its latest financial year. The business, which offers financial spread betting, sports spread betting and sports fixed-odds betting, is a major sponsor of clubs such as Watford, Sheffield United, Sunderland and West Bromwich Albion. Spreadex has reported a turnover of £103.2m [...]
William Hill and 888 owner Evoke posts first revenue growth since 2022 October 18, 2024 The owner of William Hill and 888 said its turnaround strategy was working today as it posted its first quarter of revenue growth since the start of 2022. In a trading update on its third quarter, the gambling firm said it had notched revenue of £417m over the period despite a 13 per cent slide [...]
Entain upgrades guidance after boost from Euros and NFL October 17, 2024 Gambling group Entain has upgraded its guidance after popular sports matches helped it grow its gaming revenue and deliver a stronger than expected performance in the third quarter The owner of Ladbrokes and 888casino said total net gaming revenue (NGR) grew eight per cent in the three months to 30 September, including its 50 per [...]
Tories hit out at government over £3bn gambling tax raid plan October 14, 2024 The Conservatives have launched a barrage of criticism at the government on mooted plans for a tax raid worth up to £3bn on the gambling industry, with the shadow sports minister demanding the government “take the blinkers off”. Shares in British gambling firms plummeted on Monday morning amid reports of the tax raid, which would [...]
Entain shares jump as UK arm returns to growth on Olympics and Euro boost September 9, 2024 Shares in Ladbrokes owner Entain jumped as much as 7.6 per cent in early trade after investors were cheered by news that a sport-heavy summer drew in extra punters. Online net gaming revenue (NGR7 ) has continued to grow faster than expected, the London-listed gambling firm said in a trading update on Monday, as the [...]
Premier League shirt sponsors as ban on gambling firms approaches August 15, 2024 “Who are ya, who are ya, who are ya?” The age-old football chant often rings around about players and teams in the Premier League. But what about the sponsors? England’s top-flight has seen a surge in front of shirt sponsors that are unknown to the vast majority of British fans. But who are they, and [...]
Evoke: Profit nosedives at William Hill and 888 owner as Euros boost fails to materialise August 15, 2024 William Hill owner Evoke has reported a huge post-tax loss as a predicted boost to profit after betting at the Euros failed to make any material impact on its results. The firm, which owns William Hill, 888 and Mr Green, reported a post-tax loss of £143.2m in the six months to 30th June 2024, an [...]
Election 2024: Labour suspends candidate after Gambling Commission probe June 25, 2024 A Labour candidate has been suspended by the party after the Gambling Commission launched an investigation into him.