Media tycoon Richard Desmond’s lottery firm files claim against Gambling Commission February 6, 2024 According to the High Court filing system, the parties have instructed UK-US law firm Bryan Cave Leighton Paisner (BCLP) to bring the case to the Technology and Construction Court (TCC).
Flutter: The house always wins but can Fanduel’s gold rush last? January 29, 2024 Flutter’s secondary listing today has pleased investors but it will need to fight for its future amid a fiercely competitive US market.
888 shares dive as gambling red tape causes bookie revenue to tumble January 17, 2024 William Hill owner 888 has said a move away from dotcom markets and increased gambling red tape caused a drop in revenues in 2023.
Bet365 records loss as its chief Denise Coates takes another bumper payday January 8, 2024 Bet365 made £3.39bn in the period, with sports betting making up more than £2bn of that, and online betting accounting for over £700m, a market which is growing quickly.
Could Flutter’s US expansion rock its premium London stock listing? January 4, 2024 Gaming giant Flutter is gearing up for a secondary listing on the New York Stock Exchange (NYSE) at the end of the month.
Future National Lottery operator Allwyn’s revenue doubles, but chief sees ‘headwind’ to charity donations December 5, 2023 Allwyn, the upcoming operator of the National Lottery, has reported a 98 per cent surge in total revenue despite recently saying it will barely increase its charity donations next year.
Flutter rides out Aussie slowdown in ‘challenging racing market’ as FanDuel keeps US punt going November 9, 2023 Gambling giant Flutter said it has grown average monthly customers by 16 per cent, with a five per cent increase in the UK.
Gambling giant 888 says revenue down 10 per cent as new regulations hit hard October 18, 2023 Betting company 888 said its betting and gaming revenue dropped in the UK and Ireland even as average monthly users are on the up.
Ladbrokes owner Entain sees shares tumble as sales slide September 25, 2023 Shares in Entain, the London-listed owner of Ladbrokes, have tumbled to their lowest point since 2020, sharply falling over 11.5 per cent on Monday. The drop followed the company’s announcement of a decline in online net gaming revenue for both the third quarter and the full year. Entain blamed this on a combination of regulatory [...]
Gambling Commission chief says fines have caused industry ‘real distress’ September 5, 2023 The UK gambling watchdog’s boss has said escalating regulatory action and penalties have caused the industry some “real distress”.