Ladbrokes Coral’s Owner GVC Holdings to Pay £5.9 Million in Penalties over Failure to Protect Vulnerable Customers

Ladbrokes Coral’s Owner GVC Holdings to Pay £5.9 Million in Penalties over Failure to Protect Vulnerable Customers

Ladbrokes Coral’s parent company GVC Holdings has agreed to pay a £5.9 million fine, one of the largest penalty packages ever imposed by the United Kingdom Gambling Commission (UKGC). The massive payment will settle a UKGC investigation into past failings in Ladbrokes and Coral, including an inability to protect vulnerable customers from gambling-related harm and insufficient anti-money laundering measures. The penalty package comes as a result of multiple transgressions by Ladbrokes Coral, which became the largest British bookmaker in 2016 after the merger between Ladbrokes and Gala Coral Group. In…

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Crown Casino and Government Officials to Face Integrity Investigation into Corruption Allegations

Crown Casino and Government Officials to Face Integrity Investigation into Corruption Allegations

Following media allegations of corruption and special visa deals for Asian high-rollers, Crown Casinos and Commonwealth agencies will face an integrity investigation. The probe was ordered by Attorney-General Christian Porter and comes amid claims in media publications that Australian consulate employees fast-tracked visa applications for Chinese gamblers. On Tuesday, Attorney-General Christian Porter told the federal government that he had referred the investigation to the Australian Commission for Law Enforcement Integrity. The national integrity watchdog will be probing the relationship between Crown Casino and government agencies, accused of helping the casino…

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MansionBet Inks Two-Year Partnership with Newcastle United

MansionBet Inks Two-Year Partnership with Newcastle United

Online gambling operator MansionBet has been confirmed as the official UK betting partner of Newcastle United F.C. The two-year partnership was announced by the football club of Newcastle upon Tyne on Monday and it will allow MansionBet to operate the betting terminals across St. James’ Park. The professional football club, which plays in the Premier League, has just revealed its new sleeve sponsor, namely the cryptocurrency platform StormGain. Now, it is partnering up with the rapidly growing Internet-based gambling and betting operator MansionBet. The agreement, which was facilitated by SEM…

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New UKGC Initiative Explores How Gambling Fits Into People’s Lives

New UKGC Initiative Explores How Gambling Fits Into People’s Lives

A new initiative in the UK is exploring how gambling fits into people’s lives and what their motivations are to gamble. Introduced today by the United Kingdom Gambling Commission (UKGC), the findings of the project will be published in a series of blogs online. The new initiative is based on in-depth qualitative research conducted by a private agency and commission by the UKGC. It aims at providing insight into the psychology of gambling and helping the industry to deliver “fairer and safer” gambling. The first blog was published on Friday…

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Anti-Gambling Campaigner Accuses VCGLR and Victoria Police of Corruption Regarding Crown Casino Melbourne Operations and Licence

Anti-Gambling Campaigner Accuses VCGLR and Victoria Police of Corruption Regarding Crown Casino Melbourne Operations and Licence

The long-time anti-gambling campaigner and independent federal MP Andrew Wilkie has shared an opinion that the failure of the Victorian gambling regulator and police to properly investigate claims of Crown Casino Melbourne’s wrongdoings hinted of an actual possibility of corruption. Mr Wilkie addressed the Victorian anti-corruption regulator when reminding the Parliament that since 2017 he had provided both state’s police and the Victorian Commission for Gambling and Liquor Regulation (VGLR) with evidence of illegal poker machine tampering and money laundering taking place at the Southbank casino property of Crown. According…

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Loot Boxes Not Constituted as Gambling but UKCG Could Take Action against Companies That Do Not Prevent Children from Gambling

Loot Boxes Not Constituted as Gambling but UKCG Could Take Action against Companies That Do Not Prevent Children from Gambling

MPs have learned from the UK gambling regulatory body that video game developers could face prosecution should they fail to prevent children from reaching gambling services by using special features in games such as Counter-Strike and Call of Duty. In an evidence session with the select Committee of the Department for Culture, Media and Sport, which has been empowered to examine the links between gaming and gambling, the UK Gambling Commission (UKGC) revealed that it has been greatly concerned about some video games features such as skins and loot boxes.…

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Gambling Operators to Reign as Main Shirt Sponsors in 50% of EPL Clubs during 2019/20 Season

Gambling Operators to Reign as Main Shirt Sponsors in 50% of EPL Clubs during 2019/20 Season

Regardless of the criticism which gambling operators have been facing lately, 50% of Premier League clubs would have a gambling company as their shirt sponsor in the 2019/20 season. According to reports, English Premier League clubs are likely to generate record earnings of more than £340 million from shirt sponsorship agreements in the upcoming season. The figure represents an increase of over 10% in comparison to the earnings of £315.6 million registered over the 2018/19 season. Now, ten of the 20 leading football clubs are set to display a gambling…

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Betfred Partners with Elite Casino Resorts to Offer Retail and Online Sports Betting Services in Iowa

Betfred Partners with Elite Casino Resorts to Offer Retail and Online Sports Betting Services in Iowa

The UK gambling operator Betfred has reached a technology and operations agreement with the premier gaming and resort destination operator Elite Casino Resorts. Under the contract, the two companies will join forces to operate a sports betting service in the state of Iowa. The agreement would have to get the approval of the state gambling regulator. If it is given the nod, the two companies would work in collaboration to offer visitors of Elite Casino resort both retail and online sports betting services, which would feature a full range of…

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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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Slow Economic Growth, Political Uncertainty and Weaker Consumer Confidence Hit Hippodrome Casino’s Profits in Fiscal 2018

Slow Economic Growth, Political Uncertainty and Weaker Consumer Confidence Hit Hippodrome Casino’s Profits in Fiscal 2018

The iconic Hippodrome Casino in London reported that its profits suffered a sharp decline over the past fiscal year, blaming economic and political turbulence for diminishing its patrons’ confidence. As revealed in the latest financial filings published by the casino operator a few days ago, its revenue over the twelve months which ended on December 31st, 2018, fell by about 2% from £77.8 million to £76.5 million, while its EBITDA (earnings before interest, tax, depreciation and amortisation) was down from £8.6 million in 2017 to £5.2 million in fiscal 2018.…

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