Camelot’s National Lottery damages claim could drain £600m out of good causes says Gambling Commission June 30, 2022 Gambling Commission Chair Andrew Rhodes has admitted that damages for the National Lottery competition process may come from good causes, potentially sucking £600m from sports and arts funding. It comes after the High Court found in favour of the gambling regulator after the Camelot chief executive Sir Nigel Railton launched legal action claiming the body had [...]
Nervous gambling sector holds its breath as govt moves towards maximum casino stakes and ban on free bets and VIP packages June 29, 2022 The Prime Minister is set to announce restrictions on the industry as part of the review of the 2005 Gambling Act amid concerns current regulations require changes to accommodate the growth of online betting. The Government confirmed it will publish a White Paper into gambling reform in coming weeks. The Times reported proposals to prohibit [...]
Gambling reform: Free bets ban could push a third of Brits to the black market June 28, 2022 A ban on ‘free bets’ would push almost a third of punters to the black market while sucking millions out of horse racing, new data released today shows.
Outgoing lottery operator Camelot faced with falling ticket sales and Brits ‘tightening their belts’ June 28, 2022 Falling sales of tickets and instant win games amid signs that players had “tightened their belts” in the face of soaring costs are hitting outgoing UK National Lottery operator Camelot hard. Camelot, which recently launched legal action against the Gambling Commission after losing the lottery’s next licence to rival Allwyn, saw sales drop 3 per [...]
Rank Group warns over profits for second time in three months as people stay away from casinos June 20, 2022 Gambling giant Rank Group has warned investors profits will be hit following a "considerably weaker-than-expected" recovery from the pandemic.
Betting on levelling up: Gambling industry set to create 15,000 UK tech jobs in next five years June 6, 2022 Britain’s regulated betting and gaming industry will generate 15,000 tech jobs in the next five years, as the industry faces the prospect of government crackdowns.
Just Eat’s Grubhub sale goes sour as tech shares continue to slip May 29, 2022 Just Eat's sale of Grubhub may be scuppered as brutal market movements wipe £5bn off its valuation and bosses prepare for a major writedown.
Stick or twist: Ministers prepare to water down upcoming gambling review May 29, 2022 As the review for gambling legislation beckons, it is understood that ministers are rethinking what the industry has called "draconian" measures.
Over half of punters push back against government imposed gambling limits May 23, 2022 New data has revealed nearly two thirds of punters (65 per cent) believe there is a large or substantial risk that setting limits on the amount of money spent on betting would drive more people to the unsafe, unregulated black market online.
Lucky hand: 888 to complete William Hill takeover by end of June following shareholder approval May 16, 2022 Gambling giant 888 is expected to complete its takeover of William Hill sometime “on or around” 30 June following a successful shareholders seal of approval.