As COVID-19 continues to dominate global headlines, Regulus Partners kicks off the week by looking at how the gambling industry has stepped up to the plate in supporting its staff and global efforts in tackling the spread of the virus. Global: When the going gets tough – many gambling businesses step up to the plate It is said that a …
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GVC Holdings has predicted that EBITDA could fall by £50m per month, a figure significantly smaller than the initial £100m predicted in March. The drop comes after the gambling group has continued to initiate a number of mitigating actions in light of the COVID-19 pandemic. GVC estimated the average monthly cash outflow would be limited to approximately £15m per month, …
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The UK Gambling Commission (UKGC) has confirmed that it has suspended two operator licences with immediate effect for failing to fully integrate the GAMSTOP self-exclusion scheme. Earlier this year, the UKGC notified all online operators that participating in GAMSTOP by 31 March was a requirement of their licence conditions and social responsibility code provision 3.5.5. The suspended incumbents are Dynamic, …
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There’s just one day left until the Labour leadership vote is concluded, and betting exchange Smarkets has said that Sir Keir Starmer is ‘effectively guaranteed’ to be the new leader. Starmer, who is currently trading at 99%, has held the lead in the vote since Jeremy Corbyn announced that he would be stepping down. Meanwhile Rebecca Long-Bailey now stands at …
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The German Sports Betting Association (DSWV) has expressed its frustration after receiving confirmation that the Darmstadt Administrative Court had suspended the nationwide sports betting permit procedure until further notice. The decision came after an Austrian betting operator claimed that the licensing procedure was not transparent and non-discriminatory. Commenting on the news, DSWV President Mathias Dahms said: “The decision of the …
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Cillian Barry, SportCaller’s Managing Director, underlines why free-to-play games (FTP games) can help fill in the void for both sportsbooks and their social responsibility initiatives during the untimely hiatus of global sports disrupting all business components… ___________________ When we eventually look back at this time of tragedy and unsettling uncertainty which has defined the coronavirus pandemic, it seems The Great …
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The Jockey Club has confirmed that it will donate 10,000 tickets to the NHS and social care sector in Merseyside for the first day of the 2021 Randox Health Grand National Festival at Aintree. The racecourse group, which owns Aintree racecourse, has also revealed that the first day of next year’s Festival will be renamed as Liverpool’s NHS Day in …
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The zero contagion point for COVID-19 in Italy should arrive at the beginning of May, according to a study commissioned by Magellan Robotech – a subsidiary of Stanleybet Group – to analyse the likely trends of the virus. Details of the study, which has been carried out by the Robotics Division of the Liverpool Group, were released to all Stanleybet …
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The International Betting Integrity Association (IBIA) has revealed that it had reported 61 cases of suspicious betting to the relevant authorities during Q1 2020. The figure marks a 36% increase on the number of cases reported during Q4 2019, and a 65% increase compared to the same period last year. Khalid Ali, CEO of IBIA, said: “The industry’s main focus …
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William Hill has strengthened its senior leadership team after confirming the appointment of Matt Ashley as the new Chief Financial Officer (CFO) designate, and Stephen Parry as inbound Chief Operating Officer (COO). Ashley is due to join the company and be appointed as an Executive Director to the William Hill Board on 6 April 2020, and will take over from …
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