GVC Holdings Relies on Online Gambling Division and US Sports Betting Market Expansion to Counter UK Retail Revenue Decline

GVC Holdings Relies on Online Gambling Division and US Sports Betting Market Expansion to Counter UK Retail Revenue Decline

Today, one of the leading gambling operators in the UK – GVC Holdings – announced its trading update for the first half of the current year. The company, which is the current owner of the betting shop chain Ladbrokes Coral, revealed double-digit growth of its online operations, which it uses to offset a sharp decline registered in the revenue generated by its UK retail operations. As revealed by the gambling group, the revenue generated from its online operations increased by 18% in constant currency in the year which ended in…

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UK Government Could Raise Minimum Age Limit from 16 to 18 for Some Products of the National Lottery

UK Government Could Raise Minimum Age Limit from 16 to 18 for Some Products of the National Lottery

The UK Government has revealed that it could raise the age limit for playing the National Lottery from 16 to 18. When announcing a consultation on the age limits for the games offered by the National Lottery, the Minister for Sport and Civil Society Mims Davies explained that such games were some of the instances which allow persons under 18 years of age to gamble. The consultation that was unveiled by the Culture Minister will look at the possible increase of the age limit for online games and instant-win scratch…

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