Day: 31 March 2020

Flutter Entertainment-Stars Group Merger Receives CMA Approval

Tue 31 Mar 2020 12.57 Olivia Cole
Flutter Entertainment-Stars Group Merger Receives CMA Approval

The UK competition gambling authority has given approval to the mega-merger of gambling giants of Flutter Entertainment and the Stars Group following a probe into the proposed deal. As a result of the probe, Flutter’s £10-billion acquisition of the Stars Group was cleared by the Competition and Markets Authority (CMA). The investigation into the planned merger was announced at the beginning of February 2020. The probe found that despite the strong competition of gambling operators would not result in less favourable odds or less generous promotions to be provided to…

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Major British Banks Say More Than 570,000 People Blocked Payments to Online Gambling Sites

Tue 31 Mar 2020 7.18 Daniel Williams
Major British Banks Say More Than 570,000 People Blocked Payments to Online Gambling Sites

Amid rising concerns that British customers could predominantly turn to online gambling services during the coronavirus infection lockdown, there have recently been some reports that more than half a million people have decided to ban themselves from betting online. According to media reports, at least 570,000 customers have decided to suspend themselves from using their bank account to fund their gambling behaviour as they have been concerned they could spend too much money during Covid-19 quarantine. Basically, the people who were reported to have suspended themselves from betting online through…

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