Paddy Power owner Flutter quits London Stock Exchange in blow to City Markets The owner of Paddy Power has said it will ditch its listing on the London Stock Exchange, in another major blow to the UK market. Flutter, which owns gambling brands including Paddy Power and Betfair, shifted its primary listing to New York in 2024 and on Friday announced plans to ditch its secondary listing in [...]
Betfair to be probed in court over online betting liability Legal Betfair is due to be scrutinised in court tomorrow over its duty of care in relation to the dangers of online gambling and betting following a problem gambler’s suicide. The online gambling giant, owned by Irish-American betting giant owned by Flutter Entertainment, will face questions over claims it failed to identify Luke Ashton’s gambling addiction [...]
Playtech shares tumble after firm becomes embroiled in US lawsuit Markets Shares in Playtech tumbled on Tuesday after it emerged the gambling software firm had become embroiled in a US defamation lawsuit. The FTSE 250 firm has been named as the company behind a 2021 investigative report which made a string of misconduct allegations against its Swedish rival, Evolution. Playtech is understood to have commissioned Israeli [...]
Rank Group: Grosvenor casino owner posts strong profit as UK gambling reforms boost outlook August 14, 2025 Grosvenor casino owner Rank Group has posted a sharp jump in profit on the back of double-digit growth across its venues and online arm, with fresh government gambling reforms set to boost future earnings. For the year to 30th June 2025, like-for-like net gaming revenue climbed 11 per cent to £795.3m, while underlying operating profit [...]
Allwyn UK boss: The National Lottery is not gambling July 23, 2025 The boss of Allwyn UK has insisted the National Lottery is not gambling, despite the company being regulated by the Gambling Commission. Andria Vidler, in the latest episode of City AM‘s Boardroom Uncovered show, sought to set the National Lottery apart from betting giants such as Bet365, Betfred and PaddyPower. Also as part of the [...]
William Hill accidentally announces death of King Charles May 29, 2025 William Hill has deleted an accidentally-published webpage in which it responded to the “passing” of King Charles. In a statement that appeared on the customer service section of its website, the betting and gambling firm said: “William Hill wish to express our sadness at the passing of King Charles III and are taking steps to [...]
Genting in the red after closing Britain’s oldest casino May 14, 2025 The UK arm of Genting fell into the red in the year after closing Britain’s oldest casino, it has been revealed. The Birmingham-headquartered division made a pre-tax loss of £6.2m for 2024, having previously posted a profit of £8m in 2023. New accounts filed with Companies House also show its revenue rose over the same [...]
Rank: Grosvenor casino owner hits jackpot as laws relaxed May 14, 2025 Rank Group – the owner of UK-based chain Grosvenor casinos – is set to ramp up the number of gaming machines in its casinos after the government said it would relax gambling laws. Shares in the group soared nearly eight per cent on Wednesday morning. The firm said the government’s review of the 2005 Gambling [...]
Tombola: Record sales and profit at Flutter-owned online bingo site September 3, 2024 Revenue and profit at online bingo site Tombola, which is part of the gaming giant behind Paddy Power and Betfair, jumped to record levels in 2023, it has been revealed. The Sunderland-headquartered company has posted a revenue of £201.6m for its latest financial year as well as a pre-tax profit of £50.7m, according to newly-filed [...]