UKGC Announces Findings of Its Investigation into IMME Operations After a Number of Concerns

UKGC Announces Findings of Its Investigation into IMME Operations After a Number of Concerns

The UK Gambling Commission has published the official conclusion of a probe into the operations of International Multi-Media Entertainments Limited (IMME). The country’s gambling regulatory body revealed that the gambling operator had provided facilities for wagering on the outcome of international lotteries under the holding of a real-event betting permit. As the UKGC the gambling business had been obtaining customisation by calling gamblers and hosting its online gambling platform lotteries.com. Currently, a lottery syndicate business that can be operated without a licence is also run by International Multi-Media Entertainments Limited.…

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Playtech and Aristocrat Leisure Address the Takeover Pannel in Regard to Asian Shakeholders’ Share

Playtech and Aristocrat Leisure Address the Takeover Pannel in Regard to Asian Shakeholders’ Share

Aristocrat Leisure, which has already reached an agreement on the £2.1-billion acquisition of Playtech, has called for the City’s takeover regulator to seek clarity over the intentions of a number of Asian investors who hold a large stake in the British gambling software provider. As revealed by Sky News, Aristocrat Leisure and Playtech have gotten in contact with the Takeover Panel to seek a determination that the group of Asian investors is acting as a concert party. The last few weeks have seen market analysts a bit perplexed, amid the…

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TAB Sale-Related Availability of EGMs Could Deteriorate Problem Gambling in Western Australia, Experts Warn

TAB Sale-Related Availability of EGMs Could Deteriorate Problem Gambling in Western Australia, Experts Warn

A financial counsellor, who works with some of the most vulnerable residents of Western Australia, has warned that the local Government should be very much ashamed if it makes it possible for electronic gaming machines (EGMs) to be offered in TABs across the state. Alan Gray is a financial counsellor who is helping people suffering financial difficulties across the state. He has been working with problem gamblers who find it hard to control their gambling habits and spend more than they can actually afford to, which is why he has…

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The Star Manager Fired and Banned from Working in the Gambling Industry Following Abuse of Power to Fuel Own Problem Gambling

The Star Manager Fired and Banned from Working in the Gambling Industry Following Abuse of Power to Fuel Own Problem Gambling

A manager of The Star casino, who borrowed over AU$7,000 from other employees of the gambling venue to fuel her own compulsive gambling habits, has been fired. Apart from that, the NSW Independent Liquor and Gaming Authority (ILGA) ruled that Minh Nguyen would be no longer able to work in the industry. As the New South Wales’ gambling regulatory body revealed in a press release, Minh Nguyen, who worked as a Casino Special Employee supervising security and gaming tables at the casino venue, borrowed more than AU$7,000 from her staff…

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UKGC Imposes £780,000 Fine on Online Bingo Operator Buzz Group for Money Laundering and Social Responsibility Failures

UKGC Imposes £780,000 Fine on Online Bingo Operator Buzz Group for Money Laundering and Social Responsibility Failures

The UK Gambling Commission (UKGC) announced regulatory action against the operator of buzzbingo.com. The major gambling regulatory body in the UK announced that Buzz Group Ltd would have to pay a £780,000 fine after a UKGC investigation found that it had failed to comply with some social responsibility and money laundering rules. Apart from the monetary penalty, the online bingo operator has also received a formal warning for the aforementioned failures that occurred from October 2019 to December 2020. As the UK Gambling Commission noted, the case against Buzz Group…

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Online Gambling Group 888 Holdings Sells Bingo Assets to Broadway Gaming for £38 Million

Online Gambling Group 888 Holdings Sells Bingo Assets to Broadway Gaming for £38 Million

The online gambling company 888 Holdings confirmed a £38-million sale of its bingo operations in order to get the opportunity to focus on its core operations. The gambling group, which is part of FTSE 250, also shared that it has the potential to receive a further £3 million from the sale of its bingo assets to Saphalata Holdings, which is a unit of Broadway Gaming, in case it hits certain performance targets associated with its revenue over a 6-month period. 888 Holdings further shared that it made a commitment to…

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Former F1 Boss’ Takeover Offer Could Trigger Fierce Bidding War for Playtech, Reports Say

Former F1 Boss’ Takeover Offer Could Trigger Fierce Bidding War for Playtech, Reports Say

Media reports suggest that the £3-billion bidding war for Playtech is likely to escalate during some talks involving a company backed by the US-based Spanish language broadcaster Univision and a former boss of a Formula One Team. As revealed by Sky News, Caliente Interactive, an online gambling company that mostly targets Mexican customers, is in advanced talks regarding a merger deal with the US-based special purpose acquisition company (SPAC) Tekkorp Digital. Rumour has it that the merger will be worth approximately $2.5 billion. Under the plans to finance the merger,…

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Flutter Entertainment Confirms Responsible Gambling Remains One of Its Major Objectives

Flutter Entertainment Confirms Responsible Gambling Remains One of Its Major Objectives

Flutter Entertainment has once again declared its commitment to safer gambling after announcing a repurposing of its Risk Committee. The CEO of the company for the UK and Ireland, Conor Grant, reaffirmed that the British gambling giant is to remain committed to promoting safer gambling to users. Mr Grant shared that Flutter Entertainment is pioneering in the UK gambling sector by introducing some changes that are seeking to affect its consumer base. The British gambling giant is set to establish a new £500 monthly deposit limit that would be valid…

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BGC Collaborates with Online Platforms in an Effort to Protect Young and Vulnerable People from Gambling-Related Harm

BGC Collaborates with Online Platforms in an Effort to Protect Young and Vulnerable People from Gambling-Related Harm

The Betting and Gaming Council (BGC) has joined forces with the largest online platforms and established a cross-industry Ad Tech Forum to make a further effort in using the latest technology developments to ensure further protection for underage and vulnerable people on the Internet. As revealed by the trade body of the UK gambling sector, the cross-industry effort includes a number of members of the BGC, such as bet365, Flutter Entertainment and William Hill, as well as the Lotteries Council and some members of the Advertising Association. Under the agreement,…

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Crown Resorts Hopes to Open Barangaroo Casino Early in 2022 While Expecting Higher Takeover Bids

Crown Resorts Hopes to Open Barangaroo Casino Early in 2022 While Expecting Higher Takeover Bids

Earlier today, Crown Resorts revealed that it is focused on starting the operation of its new Sydney-based resort early in 2022. If such a move is approved by the authorities, the Australian gambling giant, which is now working in a collaboration with the state’s gambling regulatory body to address its past governance failures and become suitable to holding its Barangaroo casino licence again, will be able to start offering gambling services at the Sydney resort over a year after it opened. The Barangaroo casino of Crown Resorts is part of…

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