William Hill Group CEO Ulrik Bengtsson has warned UK lawmakers that they should be very wary not to open up the door to black market operators as the 2005 Gambling Act review kicks into its next gear. The deadline for submissions to the DCMS consultation on the gambling laws is today, and Bengtsson is hopeful that those behind the review …
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A report commissioned by the Betting and Gaming Council (BGC), with the support of William Hill and Entain Plc, has provided evidence of black market threats to the UK’s gambling industry. The BGC commissioned ‘Big 4’ auditor PWC to undertake the ‘evidence-backed primary research’ on black market threats to the UK gambling sector. Findings indicate that although the number of …
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The Betting and Gaming Council (BGC) has warned gamblers of the risks associated with unlicensed, black market betting sites after recent data showed that British punters had visited unregulated sites 27 million times in a year. Data from PWC has revealed that 200,000 customers used an unlicensed gambling operator over a 12 month period between 2018 and 2019, with approximately …
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Scott Longley breaks down the UK Gambling Commission’s report on UK consumer betting on sport, assessing if there is a clear long-tail of opportunity for bookmakers in markets beyond football and racing. _________________________ The data released in November last year by the UK Gambling Commission for the first time gave an insight into the online betting habits of UK punters …
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PwC US has released a report assessing the overall esports industry from a number of different angles with a focus on awareness, viewership and opportunities for companies looking to move into the space. There have been various assessments of the industry’s growing value, and this one states that there’ll be a 43% leap from 2015 to a total revenue of $463m (£321.7m) …
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Having commissioned PwC to complete a two-phase research programme into the behaviour of remote gambling, with a view to indicate and shed further insight on gambling related harm and risks. Marc Etches Chief Executive of the Responsible Gambling Trust (RGT), details the importance of the study for a changing and more challenging market ________________ SBC: With the recent emergence of …
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IG Group Holdings plc, one of the biggest spread betting operators, has announced that Chief Financial Officer Chris Hill is to leave the company in order to take up the role of Chief Financial Officer at Hargreaves Lansdown plc. It is anticipated Hill will continue in his current role until the end of his notice period and leave IG in …
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Johnson Adewale Foye, Head of Operations at HSL Gaming Network Limited which runs Gobet3000, believes that next year will be a key time for the development of sports betting in Nigeria. Having spent some years in this sector, and coupled with some of the research I have done in the past and of late, I personally will say that that …
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Accountancy firm PWC has stated that the South African government is unlikely to open and regulate its online gambling market, due to continued governmental stalling on the issue and concerns regarding gambling addiction. Nikki Foster Gambling Industry Leader for PWC South Africa, commented that South Africa’s government had been working to introduce online gambling regulations for the past decade, however …
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The Remote Gambling Association (RGA) has restated its view that (i) a rate of 15% for the new point of consumption tax is too high; and (ii) the regime still does not appear to make allowances for bonuses and incentives. This heightens the risk that British licensees will lose significant market share to black market operators and that this will …
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