Day: 11 March 2021

Why Do Brits Spend So Much on Gambling

Thu 11 Mar 2021 10.47 Harry Evans
Why Do Brits Spend So Much on Gambling

Gambling is a prevalent form of recreation in Great Britain, a country with heavily regulated landbased and online betting industries. Betting comes in many different forms in the UK, from sports and horse race betting to commercial gambling, bingo, and lotteries. The local gambling industry is constantly growing in size, especially after the legislative landscape changed in 2014. Data released by the local gambling watchdog the UKGC reveals the UK gambling industry witnessed a gross gambling yield of £14.2 billion for the period between April 2019 and March 2020. Gambling…

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Entain Gets Regulatory Body’s Green Light for Planned Acquisition of Enlabs

Thu 11 Mar 2021 9.35 Olivia Cole
Entain Gets Regulatory Body’s Green Light for Planned Acquisition of Enlabs

The British sports betting and gambling operator Entain has received all necessary regulatory approvals that would allow it to proceed with the planned acquisition of Enlabs. As Casino Guardian reported at the time, Entertain revealed the initial bid for the takeover deal in January 2021, only a few days after rejecting the acquisition offer of its US partner MGM Resorts. However, the takeover deal was rejected by some minority shareholders of the Baltic-facing operator Enlabs, saying that the offer “materially undervalued” the company. As a result, last week Entain decided…

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The Largest Australian Banks Back Implementation of Credit Card Ban for Online Gambling Transactions, MP Says

Thu 11 Mar 2021 5.58 Daniel Williams
The Largest Australian Banks Back Implementation of Credit Card Ban for Online Gambling Transactions, MP Says

The Queensland Member of Parliament Andrew Wallace revealed that he has made sure that the largest banks in Australia would back the plans for implementation of credit card ban on online gambling services. For the time being, it is impossible for Australian gamblers to use their credit cards for making gambling transactions in casinos and gambling lounges but there are no such rules for online gambling services. In February 2021, Andrew Wallace MP started a pursuit for some changes in the sector, claiming that the high interest rates and a…

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