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National Lottery launches £600m direct impact fund for UK charities 

National Lottery operator Camelot Group has announced that it will further support UK charities operating through lockdown hardships by rolling out a ‘£600 million impact fund’.  Through its existing stakeholder network, the National Lottery will direct immediate funds to charities that have been impacted hardest by COVID-19 circumstances and further aims to support organisations supporting the most vulnerable UK communities …

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Global audience gears up for opening day of SBC Digital Summit

SBC Digital Summit

The groundbreaking SBC Digital Summit gets underway on Monday 27 April, with operators, suppliers, affiliates and sports clubs from around the world flocking to take part in the betting and gaming industry’s first ever major virtual conference and exhibition. The 10,000+ delegates include a huge contingent of key staff from more than 300 leading operators from markets in Europe, North …

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Kindred Q1 growth hit by exceptional charges

Kindred Group has this morning published its Q1 2020 trading update stating that its business model has shown its ‘resilience against COVID-19’s exceptional circumstances’. The Stockholm-listed operator recorded a strong opening to 2020 trading, with group revenues ‘returning to double digit growth’ with the group reporting a 11% increase to £250m (Q12019: £224m). During Q1, Kindred detailed that all core markets …

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Gamesys halts UK advertising during lockdown

Gamesys Group Plc has disclosed that it will be suspending all TV and radio advertising across the UK until COVID-19 restrictions are lifted, highlighting its concerns over targeting children and those vulnerable to problem gambling.  Publishing its Q1 trading update for the three month period ending 31 March 2020, the company emphasised that it will be strengthening its responsible gambling …

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BGC backs new action plan to quell DCMS concerns

Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has replied to UK Sports Minister Nigel Huddleston stating that UK gambling is committed to maintaining the highest operating standards. On Tuesday, Huddleston had penned a letter on behalf of DCMS to the leadership of the UK’s top five betting operators urging ‘further proactive steps’ to ensure gambling consumer …

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Government and racing face criticism for Cheltenham 2020 go-ahead 

UK racing is facing a media and political backlash for its decision to host the 2020 Cheltenham Festival in early March, as COVID-19 cases began to spread across the country. At Monday’s ‘UK Coronavirus Briefing’, Angela McLean – the government’s deputy Chief Medical Advisor – stated that an inquiry should be held post-lockdown on the ‘epidemiological consequences’ of UK sports maintaining …

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FDJ accounts for €50 million Q1 COVID-19 damages 

A strong opening to 2020 trading for Francaise des Jeux (FDJ) has been halted by COVID-19 disruptions, said the company, impacting its lottery and sports betting retail networks. According to its Q1 2020 trading update, FDJ has recorded a 5% decline in stakes to €4.1 billion (Q12019: €4.3bn), underlining a 60% drop in retail sales since 16 March – the …

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Flutter shareholders greenlight Stars Group merger

Closing Tuesday trading, Flutter Entertainment governance confirms that company shareholders have approved the FTSE100 firm’s merger bid with Toronto TSX rival The Stars Group Inc (TSG). This afternoon, Flutter governance confirmed that following the conclusion of its extraordinary general meeting, group investors backed the Flutter-TSG combination by 99%. The merger which seeks to create a new $11 billion global gambling …

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Stoiximan retains independence despite OPAP equity increase

GML Interactive, the operating company of Greek online bookmaker Stoiximan, has disclosed that OPAP SA will increase its majority shareholding in the betting group to 84.5%. The transaction will see Athens-listed OPAP continue to increase its equity in Stoiximan’s Greek and Cypriot operations, having become the majority shareholder of the betting asset in 2019 after securing a 51% stake for …

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Betting wins Upper Tribunal decision against HMRC in FOBTs VAT dispute 

UK bookmakers could secure compensation for previous tax charges made against gambling machines, after HM Revenue & Customs (HMRC) lost its long-standing dispute against Rank Group and Betfred. Last Friday, an Upper Tribunal led by Justice Anthony Mann and Judge Thomas Scott ruled in favour of the betting firms who had long disputed HMRC’s classification of VAT charges on Fixed …

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