Camelot’s case in the High Court continued this week, with the National Lottery operator maintaining its protests about the future direction of the contract. A representative for the company reportedly informed the High Court that it would ‘cease to exist’ should the next ten-year licence for the National Lottery be awarded to Czech firm Allwyn. Following a lengthy licence tender, …
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Allwyn’s Russian connections and Watford employment raised in PMQs
Dean Russell, MP for Watford, has expressed concerns regarding the UK Gambling Commission’s (UKGC) decision to hand the next ten-year National Lottery licence to Allwyn. Sharing his opinions at Prime Minister’s Questions in Parliament yesterday, the Conservative MP focused on Allwyn’s alleged ties to Russia, at a time when international relations remain tense due to the invasion of Ukraine. In particular, he …
Read More »Affordability checks could have ‘devastating impact on sport’ says MP
Conservative MP Laurence Robertson has expressed concern to the UK Gambling Commission (UKGC) about the potential ‘devastating impact’ of enhanced affordability checks on UK racing. The new affordability checks are currently being discussed in a consultation which will close tonight [9 February]. If introduced, the new regulations could enforce affordability checks once a customer has experienced a net monthly loss …
Read More »Gibraltar gambling industry will continue to ‘grow and thrive’ post-Brexit
Following the UK’s exit from the European Union (EU) on 31 December, 2020, the issue of the country’s overseas territory Gibraltar has been repeatedly raised in gambling industry circles. Gibraltar, which is the home to many gaming and sports betting operators, was the subject of an 11th hour deal between British and Spanish political authorities with regard to its post-Brexit …
Read More »BHA cautious on racing resumption date amid mid-May rumours
Richard Wayman, Chief Operating Officer of the British Horseracing Authority (BHA), has emphasised that it will take ‘every possible step’ to ensure a safe return for racing before naming a date for resumption. The sport has been suspended since 17 March, however there has been speculation that the sport could restart on 15 May. Speaking to Sky Sports Racing, Wayman …
Read More »Boris Johnson tipped as new Tory leader as May steps down
Boris Johnson is the bookmakers’ favourite to be the next Prime Minister of Great Britain and Northern Ireland after Theresa May confirmed she is to leave 10 Downing Street on 7 June. May made the announcement this morning after meeting Graham Brady of the 1922 Committee, the influential group of backbench MPs from May’s Conservative Party, after it became clear …
Read More »Brexit Party tipped to gain majority as EU elections loom
With the UK European elections due to take place tomorrow, the newly-formed Brexit Party is tipped to gain the most seats with it being traded at 97 per cent on Smarkets. The eurosceptic party, fronted by Nigel Farage, has shaken up the market for the ‘most seats’ in the UK European elections. Smarkets detailed that while the party was originally …
Read More »Bookmakers back Theresa on Tory confidence showdown
Political punters were kept busy all night, as rumours circulated Whitehall that embattled Prime Minister Theresa May would be forced into a vote-of-confidence by Tory party rebels. Early this morning, Sir Graham Brady of the Conservative 1922 Committee confirmed that he had received the 48 declarations needed to trigger a cabinet vote on PM May’s leadership, which will take place …
Read More »Bookmakers suspend ‘no confidence vote’ on May’s party leadership
The majority of UK bookmakers have today suspended markets on a ‘vote of no confidence’ taking place on Theresa May’s party leadership. Following a frantic 24-hours of trading, triggered by the abrupt departure of Dominic Raab as lead Brexit negotiator – who stated that he could not support May’s draft EU-withdrawal agreement, bookmakers’ have suspended a no-confidence motion. This morning, …
Read More »Raab’s rude departure sees odds tumble on a May 2018 exit
A morning of Whitehall chaos, following the resignation of Dominic Raab as Brexit Secretary, sees all bookmakers revise their UK political markets. Raab becomes the second chief Brexit negotiator to resign this year, disagreeing with PM Theresa May on the UK’s draft withdrawal terms from the European Union which were presented to the Cabinet on Wednesday. Resigning from May’s office, …
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