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.
Mecca owner Rank warns of ‘challenging’ road ahead amid inflationary pressure August 18, 2022 Mecca owner Rank has warned of a "challenging" road ahead this morning, as the gambling giant faces inflationary pressure and dwindling demand.
Ladbrokes owner Entain fined record £17m over social responsibility and money laundering failures August 17, 2022 The gambling watchdog whacked the betting shop owner Entain with record £17m this morning over “completely unacceptable” anti-money laundering and social responsibility failures. The Gambling Commission said the Ladbrokes and Coral owner repeatedly failed to protect problematic gamblers from betting huge sums in their shops and online casinos. The commission said the firm let blocked [...]
888 runs out of luck: Revenues drop as betting giant completes William Hill acquisition August 12, 2022 888’s revenue and profit fell in the second quarter as it completed the acquisition of betting company William Hill. The betting and gaming company suffered a 13 per cent revenue decline to £332.1m from £380.9m in the first quarter of last year. Stricter gambling laws in the UK and the closure of the Netherlands led [...]
Gambling sponsors back on the up in sport despite continued threat of a ban, study finds August 4, 2022 Gambling sponsorship in English sport is back on the rise despite the threat of a potential ban, according to a new study. The number of betting companies with front-of-shirt sponsorship deals at leading clubs appeared to be in terminal decline just a year ago, having plummeted 48 per cent from 2019 to 2021. Premier League [...]
Turmoil at No 10 signals further delays for gambling review July 7, 2022 The upcoming gambling white paper appears to be put on hold once again, as Boris Johnson’s impending resignation dominates the political agenda and DCMS Minister for Tech and Digital Minister Chris Philp steps down. In the latter’s resignation letter this morning, he said that the Gambling Review is currently “with No 10 at the moment [...]
Premier League said to have asked clubs to back ban on gambling to avoid regulation July 5, 2022 Premier League clubs have been asked to back a voluntary ban on shirt sponsorships relating to gambling companies as the English football’s top flight looks to avoid legislation that could be part of a gambling White Paper due in the coming weeks. According to Sky Sports, clubs were contacted yesterday by their governing body with [...]
William Hill top execs step down as 888 completes takeover July 1, 2022 William Hill top executives will step down as 888 completes its acquisition of the gambling powerhouse.