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The UK government has released its policy paper supporting the 2018 Budget, detailing the Treasury’s fiscal planning, monetary policies and industry/commercial duties. The update confirms that the government will implement its long-awaited FOBTs £2 stake reduction from October 2019, a directive that will cost the Treasury £270 million in lost tax revenues by 2023/24. Making up for tax shortfall, the …

This afternoon, Chancellor of the Exchequer Philip Hammond delivered the UK’s ‘final budget before Brexit’, promising a ‘big give away’ for UK public services and healthcare. Prior to publishing the 2018 Budget, political commentators expected Chancellor Hammond to deliver a fiscal plan which would support PM Theresa May’s autumn declaration that the ‘era of austerity was coming to an end’. …

Four European gambling operators have demanded that the Andorran government suspend its pending casino licence, granted to regional enterprise Jocs SA. Citing a number of ‘grave tender process indiscretions’, Casinos Austria, Genting Group, Partouche France and Grupo CIRSA have ordered that Andorra’s government fully nullify its casino licence approval, awarded to Jocs SA last May. Seeking to support its tourism …

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Budget Day to bring tricks not treats The pumpkins are out, fake cobweb and plastic skeletons adorn the pubs – but Halloween may come early for gambling operators with …

FTSE bookmaker William Hill has announced the seven finalists that will compete for its 30th ‘Sports Book of the Year’ (SBOTY) award, hosted at BAFTA London on 27 November 2018. The final seven examine the sports of boxing, darts, football, golf, rugby, swimming and competing at the Olympic Games. The diverse shortlist sees a historian, a gonzo writer, two investigative …

From sponsorship to the ever-expanding world of football media coverage, when it comes to the business of football, SBC has you covered. This edition takes a look at a unique new partner for West Ham, as well as a fresh obstacle for FIFA. FIFA halts World Cup plans amid UEFA backlash Fifa president, Gianni Infantino’s plans for a new Club …

Stockholm-listed betting platform and systems provider Kambi Group Plc, reports a ‘record-breaking performance combined with strong future prospects’, publishing its Q3 2018 trading update (period ending 30 September). Detailing growth across its core metrics and KPIs, whilst continuing to strengthen its commercial pipeline, Kambi records period group revenues of €20.5 million (Q3 2017: €15m), maintaining year-to-date revenue performance of €55 …

Publishing its Q3 2018 trading update (period ending 30 September), Stockholm-listed online gambling firm Kindred Group Plc declares that it is confident of delivering on its full-year corporate expectations and projects. Updating investors, Kindred details that it has maintained its strong post-World Cup Russia 2018 momentum, with group-wide customer activity up 25%. Detailing a further robust quarter, Kindred records period …

William Hill US announces another ‘landmark agreement’, becoming the first official betting partner of the New Jersey Devils’ NHL franchise. Visibly furthering its presence within the Garden State, William Hill has agreed a multi-year partnership with US sports conglomerate Harris Blitzer Sports & Entertainment, becoming a lead partner of the Devils and its Prudential Newark Center arena. Updating the media, William Hill …