Gambling Operators Serving as EPL Shirt Sponsors Should Help Charities Raise Funds to Fight Gambling Addiction

Gambling Operators Serving as EPL Shirt Sponsors Should Help Charities Raise Funds to Fight Gambling Addiction

For some time now, high-profile sports have been blamed for making sports betting operators too comfortable with their position, making them too easy to get into customers homes and lure them to gamble. The recent years have seen a number of betting-related corruption scandals in tennis and cricket, but football has been undoubtedly the one which has been most associated with gambling. In particular, the massive presence of bookmakers as major sponsors of English Premier League (EPL) squads has been blamed for spreading addictions among the game’s fans. Last week,…

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Playtech Offloads Entire Stake in CFD Trading Platform Plus500

Playtech Offloads Entire Stake in CFD Trading Platform Plus500

Gambling technology company Playtech today announced that it has offloaded its entire 10% stake in online CFD trading platform provider Plus500, realising approximate gross proceeds of £176 million. The gambling software developer, founded in 1999 by Israeli businessman Teddy Sagi, said that it would use the proceeds from the sale for “general corporate purposes and debt reduction”. The announcement arrives just a day after it became known that five of the founding fathers of Plus500 have halved their stake in the company they found in Israel more than a decade…

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SkyCity Casino Auckland to Let Gambling Help Services In as Part of GHAW

SkyCity Casino Auckland to Let Gambling Help Services In as Part of GHAW

SkyCity Casino Auckland has become the first gambling venue in the city to open its doors for gambling help services, providing the latter with the opportunity to directly reach and support gambling addicts. According to Hāpai Te Hauora, the local leader in public health, policy, advocacy, infrastructure, research and evaluation services, the move is unprecedented, as it allows social services aimed at gambling addicts to immediately reach players who are trying to find some help and support in their battle against gambling-related harm. “We see ourselves as having a real…

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Gambling Brands to Be Suspended from Wembley Stadium upon FA Conditions amid Sale Talks

Gambling Brands to Be Suspended from Wembley Stadium upon FA Conditions amid Sale Talks

Gambling sponsors will be banned from Wembley Stadium under special conditions laid down by the UK Government in case that the football venue passes into the hands of a new owner. Rumour has it that the bid of the Pakistani-American billionaire Shahid Khan to purchase the London’s Wembley Stadium depends on Government’s demands over naming rights and limits on sponsorship deals. Earlier this year, it became clear that the new owner of the stadium would not be permitted to rename the venue until 2057 and would be required to agree…

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Two Online Gambling Operators to Lift Cash Withdrawal Restrictions Following CMA Probe

Two Online Gambling Operators to Lift Cash Withdrawal Restrictions Following CMA Probe

Two online gambling operators are to remove restrictions on cash withdrawals as a result of the latest CMA enforcement action in the industry. As Casino Guardian already reported, the Competition and Markets Authority (CMA) published the results of its probe into the UK gambling industry, which was primarily set to investigate whether online gambling operators use unfair terms and practices to hold customers’ money withdrawals back. The CMA revealed that two online gambling firms – Progress Play Limited and Jumpman Gaming Limited – have formally agreed to remove controversial terms…

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ASA Starts Probe over Gambling Operators’ TV Adverts throughout 2018 World Cup

ASA Starts Probe over Gambling Operators’ TV Adverts throughout 2018 World Cup

Gambling operators are facing a probe over their TV adverts aired at the time of the 2018 World Cup after claims that the commercials were specially designed to target vulnerable viewers, including under-aged individuals. The UK advertising regulatory body – the Advertising Standards Authority (ASA) – is investigating the issue after receiving 115 TV gambling ad complaints during the international football championship over gambling adverts. The number of complaints saw a massive increase, especially compared to the fact that 27 complaints were filed in the month preceding the World Cup.…

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AFL Clubs Continue to Yield Massive Poker Machine Revenue Amid Rising Gambling Addiction among Professional Footballers

AFL Clubs Continue to Yield Massive Poker Machine Revenue Amid Rising Gambling Addiction among Professional Footballers

Insiders have revealed that the biggest crisis in the Australian Football League (AFL) is related to gambling, with both the sport as a whole and some local professional athletes getting more hooked on the various forms of gambling available in the country. It also became clear that AFL clubs received an amount of almost AU$100 million from poker machines in 2017, at a time when the losses generated by local punters at the gambling venues in the state of Victoria reached a record high in almost a decade. According to…

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Gambling Commission Fines National Lottery Operator Camelot £1.15 Million for Failings

Gambling Commission Fines National Lottery Operator Camelot £1.15 Million for Failings

Camelot, the operator of the UK National Lottery, has been penalized by the Gambling Commission after an investigation. The lottery operator will pay £1.15 million for multiple failings, including a fault in its mobile app and an incomplete list of raffle prizes. A total of five failings were found in Camelot Group, which were serious enough to incur financial penalties, the UK gambling regulator announced on Thursday. The Gambling Commission had launched an investigation into Camelot after identifying problems related to its governance, risk and control framework. The probe was…

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Paddy Power Betfair Completes £200 Million Share Buyback

Paddy Power Betfair Completes £200 Million Share Buyback

Irish bookmaker Paddy Power Betfair it has completed the first part of the massive £500 million buyback scheme, which began in May. The group announced on Monday that its broker Goldman Sachs purchased £200 million in shares back from investors, with the second tranche of £300 million already commenced. In May, the gambling and betting giant Paddy Power Betfair started a plan for returning £500 million to its shareholders. The group said it would cancel all repurchased shares. In a 21 August announcement, it reported that Goodbody Stockbrokers UC had…

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Ladbrokes Clashes with Rivals over Proposed Responsible Gambling Scheme in Australia

Ladbrokes Clashes with Rivals over Proposed Responsible Gambling Scheme in Australia

Weeks before the official release of a proposed responsible gambling legislation, Ladbrokes now clashes with other bookmakers in Australia over the content of the program. The betting giant blasted over the delay of the scheme, which is intended as a nationally consistent, multi-operator program including a self-exclusion model for gamblers. Last year, the Australian division of the UK-based bookmaker joined rivals bet365, Betfair, CrownBet (now BetEasy), Sportsbet, Unibet into the industry group Responsible Wagering Australia. The independent body has worked closely with the federal, state and territory governments in the…

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