The Daily Telegraph has reported this morning that PM Boris Johnson will likely support a ban on gambling industry shirt sponsorships across football. Citing sources ‘close to Downing Street’, the Telegraph stated that Johnson’s senior cabinet are determined to press ahead with drastic reforms to the UK gambling sector. A ban on shirt sponsorships by gambling brands has been pitched …
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Dermot Desmond ups battle against Ladbrokes-Coral merger
Having launched a scathing attack on Ladbrokes £2.2 billion planned merger with Gala Coral, which saw the publication of saynotocoral.com, Irish financier Dermot Desmond is set to further argue his concerns regarding the merger at a Ladbrokes investor meeting to be held this Tuesday in London. Desmond, who holds a 2.8% company stake, and his public attack against the merger highlighted …
Read More »Betfair 2014’s share price winners
John Ficenec Questor Editor for the Daily Telegraph reports that Betfair Plc have proven to be sports betting’s stock market winners for 2014. Betfair stock has risen 37% in 2014 (FTSE – £14.85), whilst competitors Ladbrokes (FTSE – £1.19) and William Hill (FTSE – £3.48) saw respective share price declines of 35% and 11%. The Daily Telegraph financial journalist commented …
Read More »Anatomy of a match fixing bust
As the three men suspected of trying to manipulate the scorelines of football matches await sentencing today after being found guilty of conspiracy to commit bribery, the National Crime Agency has released some interesting detail on the case and explains why it moved to break up the proceedings when it did. Earlier this week a jury at Birmingham Crown Court …
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