Company Reports

The UK National Lottery generated over £1 billion from offering addictive online games during the coronavirus lockdown amid calls for the operator to stop the provision of such products, The Telegraph reported. According to reports, in 2020/21 the company that operates the UK Government-franchised lottery, Camelot Group, sold £1.17 billion of so-called interactive Instant Win games that can be played online and on mobile phones. During the coronavirus pandemic, these sales reached a record number, rising by over 50% from the previous year, at a time when the company is…

A tribunal has heard that an iconic casino in London did not stop its wealthy patrons from racially abusing employees with immunity and segregated black staff members from gamblers who insisted on being served by white dealers. Mayfair-based Crown London Aspinalls has been taken to court by Semhar Tesfagiorgis for race and sex discrimination. The 41-year-old who has been an inspector and dealer at the casinos from 2007 to 2020, alleges that the working environment was hostile and demeaning at the time she was employed there. Ms Tesfagiorgis claims that…

The Behavioural Insights Team of GambleAware has linked with some British banks in order to inform customers about the prevention of gambling-related harm and treatment strategies. After analysing behavioural data from customers of Monzo and HSBC, the UK gambling charity organisation has published a guide for other entities offering financial services that are looking to help vulnerable customers. GambleAware revealed it has analysed behavioural data from 1.5 million customers of HSBC and 10,000 customers of Monzo in order to explore whether the two financial services providers can provide a better…

Following months of inactivity, the website of the gambling company Football Index has returned online to allow the operator’s customers to withdraw the funds in their accounts that they previously were not able to access. The company, which was supposed to process the funds of Football Index’s customers, has reversed a decision to stop making such payments. In June, a judge issued a ruling, according to which the gambling operator had to make the due payments to its customers. At the beginning of the week, administrators said that Index Labs,…

One of the largest gambling companies in the UK, Flutter Entertainment Plc has revealed that it has agreed to dispose of its Oddschecker Global Media affiliate marketing subsidiary to Bruin Capital. The announced price of the deal was £155 million. The British gambling giant that owns brands such as Paddy Power and Betfair issued a statement to share that it has secured terms to receive a total of £135 million in cash from the sports investment fund. The company also explained that it reached an agreement with Bruin Capital food…

Flutter Entertainment, one of the largest gambling groups on a global scale, has rejected the possibility of a lucrative float of its US sports betting assets until 2022. According to rumours, the executives behind the British gambling giant that also controls brands such as Paddy Power, Betfair and Sky Bet, are waiting until 2022 before making a final decision to list a minority stake in FanDuel. Earlier in 2021, the London-listed bookmaker revealed that it was considering a public offering for the brand in the US. Lately, FanDuel has managed…

Crown Resorts has revealed that it could fail on paying its debt in case negative findings are made by Victoria’s Royal Commission. The Australian gambling giant said that a revocation of its operating licence for Crown Melbourne would have severe consequences not only for the company’s investors but for thousands of people who work there, too. On July 8th, the company’s executive chair Helen Coonan denied the rumours that Crown Resorts was trying to interfere with the Royal Commission’s investigation at the time it wrote to the state’s gaming minister…

British gambling giant Entain has revealed its decision to double its investment in its game development studios because the company wants to enhance its focus on online gambling following the closures of hundreds of high-street betting outlets. Entain, which currently owns brands such as Ladbrokes, Coral and bwin, also plans to double the number of employees who work at its in-house studios across the UK, India and Italy to around 300. Jette Nygaard-Andersen, who recently took over the Chief Executive Officer’s position of the gambling group, shared that original online…

A TV advert for British gambling operator Ladbrokes has been taken down after the country’s advertising regulatory body found that the ad depicted socially irresponsible gambling behaviour. The ad, seen on April 10th, 2021, showed a man who watched a football match and then appeared to be using his phone to place bets. Then, another man was depicted while using the mobile application of Ladbrokes on his phone while at a train station and acting like being visibly frustrated. A third scene was displayed, featuring three men watching a football…

Yesterday, Playtech investor Gopher Investments made a case regarding its proposal to acquire the financial trading division of the gambling software developer. The move comes weeks after Playtech said yes to another group’s offer to buy the assets. Now, Gopher Investments, which is the second-largest shareholder of the British gambling software company with its almost 5% stake, said that Playtech’s rejection of its $250-million offer a week ago did not portrait properly the advantages of its acquisition bid. As mentioned above, in May 2021, Playtech agreed to sell Finalto, its…