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, [...]
Gambling regulator chief says growth has plateaued for booming sector October 18, 2022 Growth in the betting sector has plateaued in recent years as a result of cost of living concerns and safety measures, says top gambling regulator. Speaking at an awards ceremony today in Melbourne, Gambling Commission chief Andrew Rhodes said that the sector is still feeling a pandemic hangover — despite popular belief that betting giants [...]
Entain cashes in on NFL boost and pins hopes on World Cup to drive online bets October 13, 2022 WHILE we may not be banking on a Qatar World Cup victory, Ladbrokes owner Entain is certainly pinning its hopes on it being a big win for betting. Despite posting a relatively flat third quarter, with net gaming revenue up just two per cent, and online revenue up one per cent, the gambling giant is [...]
Gambling titan 888 makes debut in Africa October 6, 2022 888 has today launched its African offering 888bet with with local licences in Kenya, Tanzania, Mozambique, and Zambia, paving the way for further expansion in the region. The gambling titan launched an African joint venture 888AFRICA back in March to expand across Africa’s regulated online betting and gaming markets. 888AFRICA’s team said it has focused on customer [...]
New Betfred penalty signs off a summer of fines from the gambling watchdog September 28, 2022 Adding to what feels like a summer of fines for betting firms, the Gambling Commission whacked Betfred with a fresh £2.87m penalty this morning for social responsibility and anti-money laundering failings. The failures include a lack of controls, which meant one punter lost £70,000 in a 10-hour period just a day after opening an account. “This [...]
West Ham sponsor Betway hit with £400k fine over marketing on kids’ webpages September 21, 2022 West Ham’s main sponsor Betway has been whacked with a fine of over £400,000 for marketing on children’s webpages, adding to the tide of penalties given to gambling firms in recent months. The Gambling Commission found that between 14 April 2020 and 6 November 2021 the operator’s gambling logo, which linked to its website, was [...]
Watchdog whacks Spreadex with £1.36m fine over punter failings August 25, 2022 Spreadex has been slapped with a £1.36m fine by the gambling watchdog after it found social responsibility and anti-money laundering failings.