Addressing the House of Commons this afternoon, Jeremy Wright – UK Secretary of State for Culture, Media and Sport – said that the government is still reviewing the option of introducing a ‘mandatory levy’ to help national health stakeholders raise funds and resources for tackling problem gambling harms. Wright has acknowledged the ‘commitment of increased funding’ pledged this morning by leading …
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Eight gambling operators, including Flutter Entertainment and GVC Holdings, have fallen foul of Spelinspektionen after it was revealed that the operators had been offering betting markets on events where the majority of the players were under the age of 18. Bet365, GVC, The Stars Group, Flutter Entertainment, Gaming Innovation Group (GiG), Bethard Group, Casinostugan Limited and Polar limited had all …
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Five of the industry’s big guns have shed light on recent revelations that there would be a collaborative effort in improving problem gambling initiatives by boosting levy contributions from 0.1 per cent up to 1 per cent over the next five years. It was reported by the BBC yesterday that CEOs from Bet365, Flutter Entertainment, GVC Holdings, Sky Betting & …
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The governances of bet365, William Hill Plc, Flutter Entertainment, Sky Bet and GVC Holdings have pledged to the UK government that they will commit to increasing ‘voluntary contributions to 1% of gross-gaming-yield revenues’ – helping raise funds for UK problem gambling addiction, treatment and research initiatives. This morning the BBC reports that the UK Department for Digital, Culture, Media and Sport (DCMS) has …
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Publishing its latest update, the Argentine Provinces Board for Lotteries and Casinos (IPLyC) – the overseeing body of Buenos Aires’ newly sanctioned online gambling framework – has disclosed a clearer picture of which enterprises will compete for its seven BA licenses. Updating stakeholders, IPLyC confirms that international operators’ BetCris and Betway have secured Argentine partnerships allowing them to bid for …
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The governance of FTSE100 gambling group Paddy Power Betfair Plc has confirmed that it has officially sanctioned the firm’s corporate rebrand to ‘Flutter Entertainment Plc’. The Flutter Entertainment rebrand was approved outright (99%) by company shareholders at the firm’s 15 May 2019 AGM. As previously communicated, the FTSE betting group undertakes the rebrand to ‘better reflect its broader business’ within …
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Issuing a market filing, FTSE100 betting group Paddy Power Betfair (PPB) has confirmed it has added an additional £250 million to its corporate loan facility. Updating investors, PPB governance details that it has expanded its corporate loan facility to gain ‘further strategic financial flexibility’. The firm’s latest transaction will be added to PPB’s existing £450 million five-year revolving credit facility, …
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