Day: 23 September 2021

British Veterans More Likely to Struggle with Problem Gambling, Study Shows

Thu 23 Sep 2021 13.43 Daniel Williams
British Veterans More Likely to Struggle with Problem Gambling, Study Shows

A nationwide survey conducted by Swansea University revealed 43% of military veterans in the UK have experienced the harmful effects of problem gambling. The research linked problem betting among British veterans to poor mental health and post-traumatic stress disorders. It established that ex-service members of the military are seven times more likely to become problem gamblers, compared to the other residents of the country. The research, which is the first of its kind, involved 1,037 former military members and 1,148 non-veterans sharing a similar gender profile and age group. It…

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DraftKings Makes £16.4 Billion Bid to Acquire Entain’s Assets

Thu 23 Sep 2021 9.10 Olivia Cole
DraftKings Makes £16.4 Billion Bid to Acquire Entain’s Assets

It was confirmed that DraftKings made a £16.4 billion ($22.4 billion) bid for acquiring the UK-based betting company Entain. This offer doubles the bid made by MGM earlier this year, with Entain declining the proposition of its joint venture partner. As the US sports betting market expands further, with more states legalizing this form of gambling, more operators are striving to learn from more experienced companies in well-developed foreign markets. The news for the DraftKings bid had Entain’s stock surge 11% on Wednesday, trading at £25. This brought the owner…

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