Updating its UK political markets, Paddy Power becomes the first bookmaker to suspend wagering on a UK 2019 General Election being triggered, following news that Prime Minister Boris Johnson has called for a senior cabinet meeting later this afternoon. Commenting on market trading, Paddy Power details that odds on a General Election being officially announced had fallen from 2/5 this …
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More than two thirds of EFL supporters believe that gambling companies’ involvement in the football league is acceptable, according to a survey of more than 27,000 fans. Furthermore, 62 per cent of fans stated their belief that the gambling industry’s involvement in football was acceptable with suitable safeguards to protect the young and problem gamblers. Over half of supporters surveyed …
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Industry strategic consultancy Regulus Partners reviews a week of conflict and consequences for UK betting incumbents adjusting to new FOBTs and social responsibility realities. _______________________ Last week saw optically conflicting news coming from the GB LBO sector as to the impact of the B2 ban (primarily) on likely shop closures. First, William Hill guided that around 700 shops (30% of …
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Labour Party Deputy Leader Tom Watson has published the full transcript of his speech on gambling reforms delivered yesterday to UK ‘cross-party’ thinktank DEMOS. In his opening statement, Watson outlines his belief that the UK gambling sector’s defence of FOBTs machines through ‘unacceptable lobbying’ has seen its incumbents ‘fall beyond public accountability’. Watson states that any future Labour government ‘must …
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Regulus Partners dissects a new era for UK retail betting incumbents which has begun with a very predictable opening chapter as Betfred and Paddy Power face scrutiny for circumventing gaming machine laws… This week saw the implementation of GB’s B2 ban and the rollout of some operator mitigation plans. Betfred and Paddy Power launched OTC products which used Virtual betting …
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Labour Party deputy leader Tom Watson is to call for greater restrictions on online gambling in order to align the sector more closely with land-based gambling rules. At an IPPR policy seminar later today, Watson will call for the introduction of limits to spend, to stake and to speed in online gambling and the introduction of a new ‘E Category’ …
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Bookmakers have placed the spotlight on Labour Party leader Jeremy Corbyn, and how he handles the departure of breakaway rebels forming a new Independent Party within UK politics. Branded the ‘Gang of Seven’, the rebel cabal has been deemed as the biggest reprimand of Corbyn’s party leadership, and his handling of Labour’s position on Brexit. Since yesterday’s confirmation of the …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. US: regulated sportsbetting – e pluribus confusionem? The US Federal government formally considered sportsbetting for the first time since the overturn of PASPA, in the form of a House Judiciary Subcommittee hearing …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: Politics – Watson’s reforms more elementary than barking mad Britain’s gambling stakeholders were offered a vision of regulation under a Labour government this week as the party’s deputy leader, Tom Watson …
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Labour Party Deputy Leader Tom Watson has warned the UK betting industry to expect tougher sanctions alongside further market restrictions, should Labour win the next UK General Election (scheduled for 2022). Speaking to the BBC, Tom Watson seeks to replicate the ‘whistle-to-whistle advertising ban’, introduced in Australia at the start of 2018, which prohibits all promotion of betting-related content during …
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