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.
888 targets revenue of more than £2bn in 2025 November 29, 2022 Gambling giant 888 is aiming high, revealing a targeted revenue of more than £2bn in 2025 – over twice the revenue it reported in 2021. Ahead of its Capital Markets event later today, the firm, which recently acquired rival William Hill, said it expects adjusted core profit for the year to be in the range [...]
Two thirds of punters say spending limits on bets would spark black market boom November 23, 2022 Two thirds of punters believe spending limits on betting would spark a dramatic rise in the gambling black market. According to a new YouGov survey for the standards body Betting and Gaming Council (BGC), 67 per cent of people said that compulsory spending limits on gambling could drive more people to the unsafe, unregulated gambling [...]
Exclusive: Brits ready to splash £300m in World Cup flutter November 18, 2022 BRITISH punters are set to splash over £300m during the Qatar World Cup, according to new data from gambling titan Flutter. As owner of Paddy Power, Sky Bet and Betfair UK, Flutter said the tournament would undoubtedly be the biggest betting event of the year – on track to surpass the 2018 World Cup figures, [...]