Company Reports

The largest gambling operator on a global scale, Flutter Entertainment revealed that its profits for the first half of the year suffered a sharp 70% decline to £24 million as the company suffered from the negative impact of the coronavirus pandemic on sports. The company revealed that its pretax profit declined from £80 million during the same period a year earlier to £24 million in the first six months of 2020. The gambling giant also shared that it faced increased costs primarily due to its multi-billion merger that was completed…

The UK advertising regulatory body revealed that, according to the most recent data, it is gambling operators, along with junk food manufacturers, who air the most child-inappropriate adverts on online media. Earlier today, the Advertising Standards Authority (ASA) issued its latest report focused on age-restricted advertising after using the findings from its online monitoring that has helped the watchdog identify and tackle age-restricted advertising appearing in children-focused platforms. The regulator paid special attention to how such age-restricted ads often remain unnoticed by watchdogs and finally find their way to domains…

The beginning of the week saw Tabcorp Holdings Limited announce the completion of its institutional component that has been part of its underwritten accelerated renounceable entitlement offer for new company shares. The share offering process was aimed at raising gross proceeds estimated at about AU$600 million. The completion of the abovementioned institutional component was confirmed by Paula Dwyer, Tabcorp’s Chair, who also said that the entitlement offer attracted approximately 97% take-up. Ms Dwyer further noted that the institutional shareholders, who did not take-up their entitlements, are set to receive an…

Isle of Man-based online gambling technology company Playtech is set to withdraw its Titanbet brand from the gambling regulated market of Spain as of September 14th. Several days ago, the online betting affiliate Legalbet revealed that the Spain-facing web portal of Titanbet had informed its users that it would stop offering its services to local customers as of September 14th. The brand, which is one of the oldest bookmakers operating on the territory of the country, will no longer allow Spanish customers to register with its website. Furthermore, no more…

According to a new report presented by the Betting and Gaming Council (BCG), a ban on TV gambling advertising during live sports events has significantly reduced the access of underage individuals to such ads. Experts have shared that the measure known as “whistle-to-whistle” ban has reduced the number of TV-aired gambling ads accessed by children between 4 and 17 years of age by 97%. Under the conditions of the suspension, gambling ads are not allowed to be displayed on TV from five minutes before a live sports event’s beginning until…

The Betting and Gaming Council (BGC) has welcomed official confirmation that casino venues in Scotland will be allowed to resume operations on August 24th. The announcement was made by First Minister Nicola Sturgeon at the time she revealed further relaxation of coronavirus lockdown measures in the country. Scottish casinos have been shut since March as part of the UK Government’s effort to tackle the further spread of the Covid-19 infection. The reopening of casinos in Scotland follows several pleas for more clarity on the issue for the 11 casinos’ workers.…

Swansea City A.F.C. became the highest-profile professional football team that decided to drop a gambling operator as its shirt sponsor. The football club, which occupied the sixth position in the Championship, revealed that it will replace the online betting company Yobet with Swansea University as its main shirt sponsor. The move comes after the club faced increased pressure from anti-gambling campaigners, who have been calling for stricter measures to prevent the increased presence of gambling companies as sponsors of professional football teams. Swansea City football club has had gambling operators…

Australian gambling giant Crown Resorts revealed that it would depend on its domestic gambling to strengthen its profit at a time when its casino business has been affected by the international travel ban because of the coronavirus pandemic outbreak. It was exactly the Covid-19 lockdown and the subsequent travel ban that hurt the annual earnings of the gambling company. The gambling company, one-third in which is currently owned by Australian billionaire James Packer, used to rely on affluent Chinese tourists visiting its Melbourne and Perth-based casinos. The gambling giant is…

The Australian Communications and Media Authority (ACMA) is set to require local Internet Service Providers (ISPs) to suspend more illegal online gambling sites. Under the move of the regulator, eight more offshore gambling websites are set to be blocked, including – Ace Pokies, Enzo Casino, Planet 7 Oz, Nordicasino, Royal Sprinz, Times Square Casino, Spintopolis and Reeltastic. The ACMA also urged Australians who may use these websites to withdraw their money as soon as possible. The Australian Communications and Media Authority initiated investigations into the websites’ operations after a number…

The Star Sydney casino is facing an AU$90,000 fine after allowing three underage individuals to gamble or drink alcohol. A boy aged 17 was served alcohol and managed to play 22 hands of poker and 42 rounds of roulette, while the venue’s staff served alcohol to a 16-year-old girl. A girl aged 12 is also among the minors whom the Star Sydney casino did nothing to prevent from gambling and drinking. The 12-year-old girl originates from China and was visiting Australia on a tourist visa with her parents. It was…