Day: 29 June 2020

Jumbo Interactive and Tabcorp Extend Their Lotto Tickets Resale Agreement until 2030

Mon 29 Jun 2020 10.26 Olivia Cole
Jumbo Interactive and Tabcorp Extend Their Lotto Tickets Resale Agreement until 2030

The Australian lottery business Jumbo Interactive revealed that it has extended its resale deal with the local gambling giant Tabcorp until 2030. As the announcement goes, the online lottery ticket retailer explained that it is set to pay new fees under the agreement that would probably reduce its earnings in the short term. The extension of the deal, which was announced earlier today, was found disappointing by the group’s investors, after an unexplainable two-week trading halt that saw Jumbo’s shares decline by 13%. Currently, Jumbo Interactive runs the website of…

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House of Commons’ Committee Criticises the Government and the UKGC for Not Tackling Harmful Gambling Adequately

Mon 29 Jun 2020 6.58 Daniel Williams
House of Commons’ Committee Criticises the Government and the UKGC for Not Tackling Harmful Gambling Adequately

A parliamentary committee has warned that the British Government and the country’s gambling regulatory – the UK Gambling Commission – do not understand the harmful effects of gambling and how to minimise them. According to a report issued by the Public Accounts Committee of the House of Commons, the Department for Digital, Culture, Media and Sport (DCMS) and the UKGC have failed to provide proper help to an estimated number of 395,000 gambling addicts in the country and a further 1.8 million individuals who are considered at risk of becoming…

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