Company Reports

Brexit has been reversed for eight UK casino companies after the European Casino Association (ECA) has confirmed that the country and casino operators originating from are being admitted back as members. The announcement was made at the end of September, during the ECA General Assembly held at Casino Baden in Austria. At the time, the Association confirmed that eight British casino operators have been approved to rejoin the organisation, including Les Ambassadeurs, Aspers Group, Genting Casinos UK, Crown Aspinas, Hippodrome Casino, Rank Group, Metropolitan Gaming, and others. The chairman of…

English football clubs have been receiving a portion of the money lost by punters with SkyBet, the Guardian revealed. The reports prompted a strong wave of criticism and accusations that the football clubs are actually exploiting their supporters and people who find it hard to control their gambling. According to an internal document cited by the Guardian, members of the English Football League (EFL), which currently includes a total of 72 football clubs outside the Premier League (EPL), operated as SkyBet “affiliates”. For the time being, so-called affiliates are acting…

The UK Gambling Commission (UKGC) announced that Petfre (Gibraltar) Limited is set to pay a monetary penalty worth £2.87 million as a result of violations of some anti-money laundering and social responsibility rules. The gambling company, which operates betfred.com and oddsking.com betting platforms is also set to receive an official warning for failures in its business. As a result of a review that the country’s gambling regulator carried out in the company’s operations, it was found there were several breaches of anti-money laundering and social responsibility regulations in the period…

Star Entertainment issued a statement saying it has accepted the findings of the damning Royal Commission’s review into its operations, which found the Australian gambling giant unfit to hold an operating license for its casino in Sydney. The casino operator further noted that it had taken “significant and urgent” measures to end some unlawful practices that led to the Royal Commission’s findings. These steps included its decision to stop partnering with junket operators, upgrading its surveillance, and developing a complex multi-year plan. Considering the aforementioned measures, the chair of Star…

The Ireland-based gambling giant Flutter Entertainment is still keen on further expansion in the US after its merger with FanDuel took off as soon as the country lifted the federal ban on sports betting. After the May 2018 ruling of the US Supreme Court changed the game once and for all by putting an end to the federal ban that effectively suspended sports betting in the majority of US states, Flutter Entertainment, then known as Paddy Power Betfair, announced a merger of its business in the US with the local…

Gambling has long been among the favourite pastimes of Australians, with the country’s residents now spending (and losing) per head of population more than any other nation on a global scale. Although thousands of local people spend a lot of money on various forms of gambling, the betting industry in Australia has been quite unstable. Reportedly, the share prices of companies listed on the Australian Securities Exchange (ASX) have been struggling for various reasons and the expensive attempts of some players to enter the lucrative sports betting sector in the…

A new campaign aiming to help women who may be the target of problem gambling and feel uncomfortable looking for help was launched by GambleAware. The new campaign by the charity organisation will focus on raising awareness among women who are exposed to excessive amounts of gambling. The new GambleAware initiative was a response to a recent study by the charity, which revealed that 24% of females between the age of 18 and 49 in the UK who gamble are expected to spend more on gambling in the upcoming months.…

So far, it has already become clear that so-called source-of-wealth (SOW) or source-of-funds (SOF) checks are here to stay on the territory of the UK, especially when it comes to casinos whose operating licences are issued by the competent authorities in Malta and the UK. For the time being, these are the only two jurisdictions that expect players to present evidence of personal banking information in order to prove they can afford to lose a certain amount of money while gambling in online casinos. The same requirement, however, does not…

The UK Gambling Commission (UKGC) announced that it had imposed a monetary penalty worth £408,915 on Betway Limited. The online gambling business has been fined for displaying marketing materials on the children’s pages of the website of West Ham United F.C. Enquiries held by the UK gambling regulatory body revealed that the gambling operator’s logo, which linked to the company’s website, was displayed on a webpage offering the chance to print a colour-in teddy bear for children from April 14th, 2020 to November 6th, 2021. Apart from that, the UKGC…

After Allwyn was announced as the new National Lottery licence holder a few months ago, the operator was now formally awarded its licence. Previously, the official licence awarding was postponed as the UK Gambling Commission (UKGC) was not allowed to continue with the licence transition due to the automatic suspension of the process. While the High Court decided to lift the automatic suspension, on 14 July, Camelot and IGT were allowed to appeal the court’s decision. That led to the licensing process still being delayed as the suspension could not…