The government has appointed Anne Lambert (CMG) as Interim Chair of the Horserace Betting Levy Board (HBLB). The temporary appointment follows the death of HBLB Chairman Paul Darling, who passed away in August following a barristers’ meeting at Middle Temple. Lambert has previously served as Panel Chair and a Non-Executive Director of the Competition and Markets Authority (CMA), overseeing inquiries …
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CMA probes Google on abusive adtech practices stifling competition
UK advertisers and media platforms have been drawn to a ‘provisional assessment’ by the Competition and Markets Authority (CMA) scrutinising Google’s practices. Published on 6 September, the CMA disclosed a series of ‘provisional objections’ regarding how Google’s policies and practices favour its ad-tech solutions. Due for further investigation, the CMA suspects that “Google may have broken competition law by using …
Read More »Star Sports makes cautious approach for Sporting Index assets
Star Sports has notified the UK’s Competition and Markets Authority (CMA) that it would be interested in acquiring segments of Sporting Index’s business. In January, the CMA intervened on the acquisition of Sporting Index by main rival Spreadex, citing that the deal should be evaluated against the Enterprise Act of 2022 as to whether the merger would significantly diminish competition …
Read More »CMA cites unique competition concerns on Spreadex and Sporting Index merger
The Competition and Markets Authority (CMA) has detailed that the merger of Spreadex and Sporting Index has raised ‘provisional competition concerns’ on the UK’s spread betting market. The judgement was made by an independent panel, reviewing phase-2 of the CMA’s inquiry into Spreadex acquisition of Sporting Index’s retail business, initiated in November 2023. In January, the CMA intervened on the …
Read More »Spreadex granted Enterprise Act exemptions on Sporting Index takeover
The Competition and Markets Authority (CMA) has granted a series of derogations (exemptions to the law) related to the acquisition of Sporting Index by Spreadex Limited. As announced on 15 January, the CMA launched an inquiry evaluating Spreadex’s acquisition of its main rival, Sporting Index, and its impact on the UK’s spread betting market. The inquiry will evaluate whether Sporting …
Read More »CMA orders SpreadEx to prove ‘competitive distinction’ of Sporting Index buyout
The Competition and Markets Authority (CMA) is investigating the acquisition of Sporting Index by Spreadex Limited and its impact on the UK’s spread betting market. The deal was announced in November 2023, with SpreadEx agreeing on ‘undisclosed terms’ with Groupe FDJ to acquire spread betting rival Sporting Index. On 15 January, the CMA announced that it had launched an inquiry, …
Read More »UKGC updates T&Cs guidance to stop unfair consumer practices
The UK Gambling Commission (UKGC) has updated its guidance on ‘fair and transparent terms and practices’ used by licensed operators. The update was deemed necessary as the Commission has found that licensees have often used terms of play that can be deemed as unfair and ‘in some cases’ will provide operators with ‘undue discretion’ to decide outcomes and disputes. The …
Read More »GamCare appoints Margot Daly as lead Trustee
GamCare has moved to restructure its Board of Trustees following the decision by Sir Ian Prosser to end his six-year tenure as Chair of the problem-gambling treatment support charity. Updating stakeholders, GamCare informed that Sir Ian will be succeeded by Margot Daly, who will lead the charity’s governance directives from June onwards. Daly has served as a GamCare advisor since …
Read More »CMA begins probe of Flutter-Stars combination
The UK Competition and Markets Authority (CMA) has begun its evaluation of the planned merger agreed by FTSE100 Flutter Entertainment Plc with Toronto TSX counterpart The Stars Group Inc. Last October, Flutter and Stars Group governances agreed to terms on an all-share combination, seeking to create the outright global market leader operating across all online gambling verticals. For the UK …
Read More »Undaunted Boylesports to establish UK northern profile in 2019
Whilst all UK bookmakers undertake major adjustments to their retail portfolios in 2019, countering FOBTs reduction impacts, Irish bookmaker Boylesports is reported to be preparing for its UK highstreet debut. The Irish Examiner reports that Dundalk-based Boylesports, Ireland’s second largest retail bookmaker is the final stages of acquiring a number of independent bookmakers located in northern Britain. Ever since 2014, …
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