Company Reports

Today, the Advertising Standards Authority (ASA) has published a new ruling on Bonne Terre Ltd, trading as Sky Bet, which is to replace a previous ruling published on March 13th, 2019. The new ruling of the UK advertising regulatory body reverses the previous one, making the complaints challenging the TV gambling advert as irresponsible “not upheld”. The decision to reverse the ruling under which Sky Bet saw the advert banned for suggesting that people who had knowledge of sport were more likely to gamble successfully came after an appeal by…

The British bookmaker Betfred has revealed that it is to roll out an operation in Spain as part of its ongoing expansion strategy worldwide. The company has shared that it has received an operating license to run an online casino and sportsbook in the country. Both services are to be run from a new office situated in Ceuta. The player account management and sports betting system is set to be provided by the award-winning sports betting and e-gaming platform OPTIMA. As mentioned above, the operating licence granted to the company…

Today, the British gambling charity GambleAware has published an interim report produced by Ipsos MORI. The recent research is aimed at examining the frequency and format of gambling marketing and advertising, as well as gambling exposure rates among children, young individuals and vulnerable adults. The research is the first of its kind of Great Britain. It was carried out in collaboration between the Institute for Social Marketing and Ipsos MORI. The survey has also been held as part of the research programme of the UK Gambling Commission and forms a…

The Northern Powerhouse minister Jake Berry has recently hinted of a move to revive plans for a Las Vegas-style super casino situated in Blackpool. Minister Berry has explained that such a large gambling venue could bring a new life to the seaside town. The proposal for a super casino is not a new idea. Plans to build 16 super casinos in the UK appeared in 2007 but were then defeated in the House of Lords. For the time being, local politicians and anti-gambling campaigners have remained sceptical about Blackpool super-casino…

About 25% of the high-street betting shops in the UK have been scheduled to close, a move that would put 12,000 jobs at risk in the local gambling industry. William Hill has become the latest British bookmaker who has blamed stricter regulation and fixed-odds betting terminals (FOBTs) crackdown for the job cuts. In April, the UK Government brought the restrictions set to slash the maximum stake allowed on the controversial betting machines, cutting them from £100 per spin to £2 after anti-gambling campaigners, activists and Members of Parliament have been…

Yesterday, the owner of the Paddy Power brand, Flutter Entertainment, said that it knew of no material reason for an increase registered in its shares. However, there has been speculation that another company could be having a big interest in the Irish gambling giant. A massive surge in the share price of the bookmaker behemoth, which currently has well-known brands such as Paddy Power, Betfair and Australia’s Sportsbet in its portfolio, as well as a growing presence in the US market, was registered. According to Bloomberg, this has been the…

The largest supermarket chain in Australia, Woolworths Group, has revealed plans to first combine and then spin off its very profitable drinks and hospitality units in the upcoming financial year. The move will provide the Group with the opportunity to focus primarily on its main food business and respond to the increasing pressure over its gambling operations. Woolworths revealed its intentions to merge its liquor and hospitality divisions making a single entity out of Endeavour Drinks, which includes BWS and Dan Murphy’s, and the hotels and gaming unit ALH Group…

Five of the largest gambling operators in the UK have agreed to make larger contributions to fund problem gambling research and treatment. The five companies – William Hill, bet365, SkyBet, Flutter Entertainment and Ladbrokes Coral – are set to boost the voluntary levy on their gambling profits from 0.1% to 1% up to 2023. The change in the levy paid by the operators is expected to bring a contribution of about £60 million. The firms shared that it would take the change in tackling gambling addiction step by step. The…

There are calls for the four big banks to take effective measures against gambling payments after Macquarie Group announced its decision to suspend credit cards use in gambling transactions. In an interview with Natalie Peters and Erin Molan during The Chris Smith Show, Tim Costello, Director of the charity organisation Alliance for Gambling Reform, has commented the ban and urged other big four banks to follow suit and also suspend betting with credit cards. Mr Costello has further explained that Australia is the biggest betting nation on the planet, with…

The gambling ombudsman and some financial experts have criticised sports betting sites for using potentially misleading language which is more associated with regulated investing rather than gambling. According to them, people who use such websites are likely to lose money due to the misleading advertising language used by the companies. The warning has been issued amid increasing calls for the authorities to impose a blanket ban on betting companies’ sponsorships. According to analysis held by Telegraph Money on one of the controversial sports trading platforms, Football Index, the website is…