Company Reports

Earlier today, gambling operator GVC Holdings Plc revealed that British tax authorities had stretched the probe into the former online gambling unit of the operator in Turkey. The expansion of the investigation will include unidentified entities that had operated under the lead of the LSE-listed gambling giant. The HM Revenue and Customs (HMRC) gave start to the probe towards the end of 2019, with the investigation being directed at third-party suppliers that previously worked in collaboration with the gambling group over processing of money transactions at the aforementioned Turkish division.…

On July 20th, the UK Gambling Commission (UKGC) announced that it has started a probe into the operating licence of the online gambling company Genesis Global Ltd due to several compliance issues. As explained by the UK gambling regulatory body, the Operating Licence No 000-045235-R-324169-010 that the company currently holds for offering real event betting, online gambling and casino gambling is to be suspended while the review, which is to be held under sections 116 and 118 of the Gambling Act 2005, takes place. Under the provisions of the Gambling…

Recently, the Australian Communications and Media Authority (ACMA) has revealed that it is preparing to request from the local Internet Service Providers (ISPs) to suspend Australian residents’ access to a further 11 offshore gambling websites that were found to be illegal. The regulatory body has also urged local users to make sure they withdraw any money they might have in their accounts as soon as possible. The decision of the ACMA came after the regulator received more than 35 complaints that these services can be accessed on the territory of…

New research held by GambleAware showed that female gambling addicts in the UK are more likely to be young, from a BAME (“black, Asian or minority ethnic”) background and working class. A couple of days ago, the largest problem gambling charity in the UK – GambleAware – issued a report that was compiled from YouGov that was aimed at checking the experiences of women and gambling. A total of 6,190 female and 5,971 male residents of the UK took part in the three-week survey in the autumn of 2019 to…

The Chief Executive Officer of GVC Holdings, Kenneth Alexander, is set to part ways with the company that he managed to expand into a global gambling company over the 13 years he headed the operator. Mr Alexander was appointed at the CEO role in 2007 when GVC Holdings was still a small gambling tech operator. As of July 17th, the CEO is to hand over the position to his now-Chief Operating Officer (COO). Although the announcement, which was made earlier today, came as a surprise, it turned out that the…

New research among British gamers found that many of them believe that the implementation of political and social stories in the last ten years had affected gaming in a negative way. Such an opinion has been shared by more than 50% of the survey participants. The survey was carried out by OnBuy.com, a UK online marketplace. It showed that when asked whether video games had become more entertaining over the past ten years, only 47% of the participants agreed. The majority of the video gamers, who took part in the…

Suspending gambling operators from being shirt sponsors of professional football clubs is one of the most logical things for the competent authorities to do within the scope of the new Gambling Act, according to Carolyn Harris MP. For her, changing the law in this area is an obvious thing to do and local lawmakers need to tackle the matter as soon as possible. Ms Harris, who currently heads an all-party parliamentary group aimed at tackling gambling-related harm in the country, has shared that a new Gambling Act is set to…

The third-largest operator of poker machines on the territory of Australia – the Australian Leisure and Hospitality Group (ALH), property by Woolworths, has faced an AU$172,000 fine following some findings that the company had been offering free alcohol to gamblers without permission. Apart from that, two of the Group’s hotels situated on the Northern Rivers were suspended from operating their poker machines for a fortnight. The Liquor and Gaming NSW inspected over 50 ALH venues in New South Wales (NSW) and found that two of the ALH venues – the…

All brands that are property of GVC Holdings, including Ladbrokes, Coral and Betdaq, are set to be subject to closer review from the group that has been willing to minimise all unnecessary expenses. Such a review, which can turn into a major restructuring process, seems to have already begun, as GVC Holdings revealed that it stopped working in collaboration with the affiliate marketing company Oddschecker as of July 9th. The two companies are parting ways, with the gambling group confirming that its affiliate deal with Oddschecker will not be renewed.…

Bosses of Gold Coast casinos shared that they are targetting domestic high-roller customers, while Chinese VIP casino patrons, also known as “whales”, are not expected to come back to the Australian casino market for another year. On July 3rd, the Star Gold Coast casino resumed operations of its gambling floors and its staff had their hands full. Another customer influx is expected on July 10th, when the Queensland border reopens and interstate visitors will be able to enter the state, except for Victorian residents, as the state of Victoria is…