Paddy Power Betfair Considers Name Change to Flutter Entertainment amid Lower Pre-Tax Profits

Paddy Power Betfair Considers Name Change to Flutter Entertainment amid Lower Pre-Tax Profits

The gambling giant Paddy Power Betfair has proposed to rename the operator to Flutter Entertainment. The gambling group commented on the proposal, saying that the new name would better reflect the massive diversity of all the brands and operations involved. The name change, which is subject to shareholder approval, would not affect consumer brands, as revealed by the company. Peter Jackson, the Chief Executive Officer of the operator, explained that the plans to rename the group come at a time when the operator enhances its brand portfolio. As Mr Jackson…

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Woolworths Faces More Pressure Following Coles’ Decision to Dispose of Controversial Poker Machines

Woolworths Faces More Pressure Following Coles’ Decision to Dispose of Controversial Poker Machines

The Australian supermarket, retails and consumer services chain Coles has disposed of its poker machines in a move that could be decisive not only for its operations. The step, which Coles took towards the elimination of its hotel and pokies business, has made anti-pokie campaigners once again urge Woolworths to do the same. In a statement issued today, Coles revealed that it had signed a complicated deal under which it would no longer control its 87 hotels in Queensland. The deal is estimated to a total of AU$200 million. Currently,…

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Experts Doubt in Future Prospects of Crown Sydney Project Because of Tougher Economic Conditions and Chinese VIP Players’ Turnover Decline

Experts Doubt in Future Prospects of Crown Sydney Project Because of Tougher Economic Conditions and Chinese VIP Players’ Turnover Decline

James Packer’s casino giant Crown Resorts may face serious trials and tribulations, experts say. Analysts have warned that a sharp decline in the Chinese high-rollers’ spending in Australia could deprive the brand’s new VIP casino complex which is currently being built in Sydney of its attractiveness. As Casino Guardian has recently reported, company’s officials have revealed a decline in high-stakes Asian gamblers’ spending with the largest casino operator in the country. The revelations have come at a time when the slowest growth in almost thirty years has been registered in…

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William Hill Suffers Massive £722-Million Loss in 2018 Due to Stricter Regulatory Rules on UK Gambling Market

William Hill Suffers Massive £722-Million Loss in 2018 Due to Stricter Regulatory Rules on UK Gambling Market

Today, the British bookmaker William Hill confirmed that it suffered a massive loss of £721.9 million in the previous fiscal year ended on January 1st, 2019. The massive is even more staggering in comparison to the £146.5-million profit before tax it posted in the preceding financial year. The gambling operator reported a 2% revenue increase on yearly basis, reaching £1.62 billion. The full-year adjusted operating profit generated by the company’s existing operations fell 3% to £266.8 million. The stiff results come at a time when William Hill was hit by…

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New Zealanders’ Gambling Spending in 2017/18 Increases amid Charities’ Concern about Problem Gambling Growth

New Zealanders’ Gambling Spending in 2017/18 Increases amid Charities’ Concern about Problem Gambling Growth

Today, New Zealand’s Department of Internal Affairs (DIA) released a report revealing that the amount spent by local citizens on the four major gambling areas rose by NZ$49 million in comparison to the previous fiscal year, reaching NZ$2.38 billion. The report confirmed anti-gambling campaigners’ concerns that more money is being spent on gambling, with sports betting and poker machines being the main drivers of the spending increase. Players’ spending on sports betting increased by 3.6%, while spending on poker machines, also known as pokies, marked a 2.9% growth. The other…

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Australian Gambling Operators Will Have 14 Days for User ID Checks as Part of Government’s Gambling Crackdown

Australian Gambling Operators Will Have 14 Days for User ID Checks as Part of Government’s Gambling Crackdown

Paul Fletcher, Federal Minister for Social Services in Australia, officially revealed that the Government is imposing stricter measures on the gambling sector as part of its efforts to tackle problem gambling. Under the expanded crackdown on the sector, operators will now have only 14 days instead of 3 months on their disposal to verify their users’ identities. Minister Fletcher explained that there are currently more than 240,000 people who are considered at risk of getting hooked on gambling or who are already suffering from significant harm due to compulsive online…

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The RGA and ABB Consider Possible Merger to Set Up Political Lobby Group

The RGA and ABB Consider Possible Merger to Set Up Political Lobby Group

Gambling operators are making plans to set up a special trading body which would act as a lobby group at a time when UK lawmakers are considering prospects of stricter regulation of the local gambling sector. For some time, there have been rumours of a possible merger between Remote Gambling Association and the Association of British Bookmakers following harsh criticism at the time when the crackdown over controversial fixed-odds betting terminals (FOBTs) has been considered. Now, an industry source close to the matter confirmed the step, saying that the issues…

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New Study Claims Smartphone Gambling Applications Are More Addictive than Controversial FOBTs

New Study Claims Smartphone Gambling Applications Are More Addictive than Controversial FOBTs

Gambling applications available for smartphones are even more dangerous than controversial fixed-odds betting terminals (FOBTs) when it comes to effect on people suffering from addiction, a new study revealed. The report of the 12-week study, which was published in European Addiction Research, an academic journal, claims that by using smartphone gambling apps players could lose money more easily. It says that the fact that users normally check their phones on a regular basis throughout the day, they get more predisposed to placing bets more often, even after they have suffered…

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GambleAware Rolls Out “Bet Regret” Campaign to Prevent Impulsive Sports Betting and Tackle Gambling Harm

GambleAware Rolls Out “Bet Regret” Campaign to Prevent Impulsive Sports Betting and Tackle Gambling Harm

The independent charity organisation GambleAware which is aimed at dealing with gambling-related harm in the UK has rolled out its “Bet Regret” campaign which has been specially designed to raise impulsive gambling awareness and encourage the industry work harder to reduce possible negative effects from gambling. “Bet Regret” is believed to be the largest national safer gambling campaign. It has been unveiled as one of the many commitments of the UK Government set to make sure that the sector is socially responsible and communities and consumers are properly protected. The…

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Crown Resorts’ Australian Properties See High Roller Spending Decline Due to More Challenging Economic Conditions

Crown Resorts’ Australian Properties See High Roller Spending Decline Due to More Challenging Economic Conditions

James Packer’s casino behemoth Crown Resorts has faced a decline in Chinese high roller’s spending, at a time when the Chinese economy marks its slowest growth in about thirty years. As revealed by the casino operator’s Executive Chairman John Alexander, the challenging economic conditions in China and stricter regulation on conspicuous consumption there have led to a decline in the so-called VIP gamblers at the Melbourne and Perth casino venues of the gambling giant. Mr Alexander explained that these economic effects make Chinese people feel poorer than they had been…

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