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Scott Longley: The £2 reckoning – betting & racing face their nightmare

SBC News Scott Longley: The £2 reckoning – betting & racing face their nightmare

Following the conclusion of this week’s local elections, the Conservative government will likely move to implement a £2 FOBTs wagering limit, impacting all UK betting stakeholders. SBC contributor Scott Longley assess whether the government understands the consequences of its drastic cut, or if it can justify its FOBTs policy logic… _________________ Politics has trumped economics in the final stages of …

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Victor Chandler Invests in Premier Punt Group

SBC News Victor Chandler Invests in Premier Punt Group

Premier Punt Group, the Edinburgh based Business-to-Business social gaming provider, has managed to pull off a real coup in recruiting industry trailblazer Victor Chandler as an investor and advisor. Mr Chandler is often credited with being the first to take gambling “online” and gambling operations offshore. He said this of the announcement: “Premier Punt Group is an exciting company with …

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Adverse conditions see Paddy Power Betfair report tough opening to 2018

paddy power betfair

Publishing its Q1 trading update (period ending 31 March), FTSE100 betting group Paddy Power Betfair (PPB) has reported a tough opening for 2018, as the firm’s corporate performance was impacted by several factors. Updating the market, PPB reports a 2% decline in group revenues to £408 million (Q1 2017: £416 million). The betting group detailed that its punters had been …

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LeoVegas to pay over £600,000 for self-exclusion & ads failures

LeoVegas

LeoVegas Gaming Ltd is to pay a penalty package in excess of £600,000, after being sanctioned by the UK Gambling Commission for failings related to misleading advertising, and the handling of customers at the end of their self-exclusion period. The firm, who hold a remote operating licence authorising it to operate an online casino, and provide facilities for real event …

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Pinnacle withdraws UKGC licence application

SBC News Pinnacle withdraws UKGC licence application

Updating its social media channels, Malta & Curacao-licensed online betting operator Pinnacle (Pinnacle.com) has confirmed that it will no longer be seeking a UK Gambling Commission (UKGC) licence. The low-margin bookmaker published the following update on its Twitter feed and Facebook group. Customer announcement: Pinnacle has withdrawn its licence application to the UK Gambling Commission. pic.twitter.com/hXuCfFW1K7 — Pinnacle (@PinnacleSports) May …

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Better Collective heads EGR’s 2018 Power Affiliates list

SBC News Better Collective heads EGR’s 2018 Power Affiliates list

Highly regarded provider of betting tips, bookmaker information and gambling tools, Better Collective has been named as EGR’s number one in the Power Affiliates 2018 list. After impressing judges with criteria such as business and commercial success, M&A activity and regulatory and compliance procedures, Better Collective was picked out to be a leading power within the iGaming world. The list …

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Lottoland urges Australian government to revise proposed ban

Copyright: Phillip Minnis / 123RF Stock Photo

Lottoland is calling on the Australian federal government to review its proposed ban within the country, after raising concerns over the financial security of the Australian Lottery and Newsagents Association (ALNA). The new legislation wouldn’t permit Australians to bet on the outcome of international lotteries, with ALNA heavily lobbying for a ban which it has previous labelled as a “positive …

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