Tag Archives: dcms

UK news sources have this weekend reported, that highstreet bookmakers are likely to face their ‘nightmare scenario’ as the government will move to impose a £2 limit on FOBTs wagering levels. On Tuesday, the Department of Digital, Culture, Media and Sport (DCMS) will finish its 12-week consultation period relating to the government’s pending triennial industry review, focusing on FOBTS wagering …

The British Horseracing Authority (BHA) has reacted positively to the appointment of Matt Hancock as Culture Secretary, in the cabinet reshuffle of Prime Minister Theresa May.   Within the UK Parliament, the Department for Digital, Culture, Media and Sport are accountable for all gambling matters, including Horseracing. Speaking about the appointment, BHA Chairman Steve Harman stated: “We’re delighted with the appointment …

West Suffolk MP, Matt Hancock has been promoted to Secretary of Digital, Culture, Media and Sport (DCMS) following yesterday’s Conservative government cabinet reshuffle. Hancock (39), has served DCMS as Minister of Digital & Culture since 2016 and will replace Karen Bradley as leader of the department overseeing UK media and culture; standards, promotions, regulatory policies and social practices. In its …

Updating the market, FTSE online gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC governance announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million. Announcing the sale of Headlong, GVC leadership stated that the …

In all my 35 years advising the UK’s gambling industry I can think of no time when it has been so besieged with adverse criticism from the Government, the Parliamentary Opposition, regulators, the media and the general public alike.  Clearly opinions on gambling (whether justified, exaggerated or prejudiced) expressed in the media heavily influence public opinion. The opinions expressed by …

Nigel Birrell, the Chief Executive of online lottery operator Lottoland, has slammed the UK government’s decision to ban betting on non-UK EuroMillions’ games.  “We believe that today’s decision is unjustified, and sets a dangerous precedent for policy-making on the basis of no evidence,” he said. “It will do nothing but stifle innovation in the sector.” Yesterday, remote lottery operators were …

The UK government has moved to ban all third party bets on the outcome of EuroMillions lottery draws. Issuing a market update this morning, the UK Department for Digital, Culture, Media & Sport (DCMS) states that it undertakes it decision following an industry consultation launched back in March 2017. DCMS will introduce new licencing provisions, which will ban UK consumers …

This week’s long awaited triennial review of gaming machines stakes and prizes not only led to a 12 week consultation period, but also incited an incredibly heated debate in Parliament on Tuesday. As part of the debate, the case was made for how future regulations on terminals could have implications on the horse racing industry, both co-chairs of the all-party …

Taking on his last investor conference call as Paddy Power Betfair CEO, outgoing leader Breon Corcoran details that PPB’s executive team has achieved its enterprise year 2 ambition of securing ‘structural advantages’ within the firm’s enlarged operations. Closing a solid Q3 performance, in which PPB governance ups its 2017 year-end guidance to an EBITDA range of £450-465 million. Corcoran details …

The UK Department for Digital, Culture, Media and Sport (DCMS) finally released its triennial review of gaming machines stakes and prizes this morning, ushering a 12 week period of proposals and consultation on industry changes. As part of the review, the Gambling minister Tracey Crouch underlined the importance of ‘striking the right balance between socially responsible growth and protecting the …