Author: Olivia Cole

According to data gathered by GoldenCasinoNews, gambling and betting activities in the UK are expected to see a significant decline in their revenue in the years to come. Expectations have revealed that the sector’s overall revenue will drop by no less than 17% by 2024. Preliminary estimates have shown that by 2024, the gambling revenue in the UK will be $70.5 billion, a figure that represents a decline of approximately 2.9% from the initial projections for 2023, which were for an overall amount of $72.12 billion. The UK gambling sector…

The Betting and Gaming Council called for the Chancellor to take fierce action in order to help the British retail leisure industry, including casino gambling and bookmakers, and to impose further restrictions on the online black market. The Budget submission made by the Betting and Gaming Council has urged the authorities to consider a reform of business rates. The proposed changes also include steps to allow more small businesses to take advantage of the retail reliefs especially available for small businesses. Apart from that, the proposed reform also includes changes…

The last few weeks have seen a growing number of media reports regarding the number of gaming machines available in pubs, as well as test purchasing. Towards the end of 2019, the UK Gambling Commission (UGKC) launched details regarding machines’ test purchases that were conducted in 170 pubs across Wales and England. According to the results, 84% of the premises were failing to prevent underage individuals from accessing so-called Category C gaming terminals. For the time being, individuals who are under 18 years of age are banned from playing such…

One of the biggest retail and commercial banks in the UK, NatWest, has confirmed that the pilot scheme for the provision of gambling counselling support would be expanded across the bank’s network in the country. In 2019, NatWest joined forces with GamCare and rolled out its gambling-related “walk-in consultation” in 13 of its branches operating in the Midlands and the country’s South East region. At the time when the Scheme was officially launched, the management of NatWest explained that the measure was unveiled as it was one of the bank’s…

The UK gambling regulatory body revealed that it has decided to impose an interim suspension on the operating licence of the sports betting and online gambling company Stakers Limited. The UK Gambling Commission (UKGC) cited a number of compliance issues in the reasoning of its decision for the licence suspension. The watchdog revealed that it has commenced a probe under section 116 of the Gambling Act 2005. Also, the Commission has decided to suspend Stakers Limited’s operating licence No 000-050185-R-328112-006, which is a combined remote operating licence for real event…

The owner of Casino Canberra sticks to the opinion that the future of the gambling venue remains bright, in spite of posting another loss amid a revenue decline following the failure of the casino acquisition deal with Blue Whale Entertainment. Now, regardless of all difficulties faced along the way, Casino Canberra’s operator will make an effort to see the ACT Government’s permission to redevelop the iconic gambling site. Aquis Entertainment, which operates the casino, has filed a report to the Australian Stock Exchange, revealing an operating loss of AU$3,957,193 in…

Last week, a Gambling Commissioner for the Government of Gibraltar, shared an opinion that the British overseas territory would keep its status of a prominent gambling hub despite the difficulties that have been faced by the local gambling sector as a result of Brexit. At the time when the cabinet of British Prime Minister Boris Johnson highlighted the UK’s willingness to pursue no regulatory alignment with the business policy, worker protections, competition rules, industry subsidies and immigration standards followed by the European Union (EU), Andrew Lyman said in an interview…

The advertising regulatory body in the UK has raised concerns that gambling companies could be using technology to make their advertising better targetted at vulnerable people. The Advertising Standards Authority (ASA) has also urged the country’s gambling sector to make sure they target their marketing and advertising materials in a more responsible manner. Speaking at the ISBA annual conference yesterday, the CEO of the advertising watchdog, Guy Parker, explained that one of the regulatory body’s most serious concerns is related to using special technology to better target their ads at…

The online gambling operator Mr Green is facing a £3-million fine as part of an investigation of the UK Gambling Commission (UKGC) that had been specially targeting online casinos. The company is the ninth gambling business that is expected to face action as part of a watchdog’s probe that has led to penalty packages amounting to over £20 million since 2018. Mr Green will be forced to pay a total of £3 million to the National Strategy to Reduce Gambling Harms as part of the announced penalty package due to…