Day: 21 August 2018

New Zealand Pubs Raise Problem Gambling Awareness with Pause on Pokies

Tue 21 Aug 2018 14.24 Daniel Williams
New Zealand Pubs Raise Problem Gambling Awareness with Pause on Pokies

Gaming machines across New Zealand will be “paused” in an initiative aiming to raise awareness of the harmful effects of gambling. More than 70 pubs and clubs will join the Gambling Harm Awareness Week by “pausing their pokies” for an hour every day from September 3 through September 9. The majority of the adult population in New Zealand gambles in one way or another and according to the latest statistics, presented by non-profit organization Problem Gambling Foundation, 77 per cent of them participates in some form of gambling. More than…

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Paddy Power Betfair Completes £200 Million Share Buyback

Tue 21 Aug 2018 9.08 Olivia Cole
Paddy Power Betfair Completes £200 Million Share Buyback

Irish bookmaker Paddy Power Betfair it has completed the first part of the massive £500 million buyback scheme, which began in May. The group announced on Monday that its broker Goldman Sachs purchased £200 million in shares back from investors, with the second tranche of £300 million already commenced. In May, the gambling and betting giant Paddy Power Betfair started a plan for returning £500 million to its shareholders. The group said it would cancel all repurchased shares. In a 21 August announcement, it reported that Goodbody Stockbrokers UC had…

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