UK

UK Government rejects ‘distribution updates’ on National Lottery sales

The UK Government has outlined that it has rejected proposals to give weekly updates on ticket sales to firms that share out proceeds to good causes. The rejection comes after a consultation period, following proposals to reform how money is distributed charity from society lotteries. Regarding the consultation period, the government previously detailed that: “Society lotteries play a vital part …

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LaBa360 becomes principal sponsor of Burnley FC

English Premier League side Burnley FC have announced a new partnership with online gaming and betting firm LaBa360. The deal is a record breaking one for the Clarets and will see LaBa360 become the principal sponsor of the club, with the operator’s logo taking pride of the place on the club’s home shirt, as they look to build on last …

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Tough Asia backdrop sees Playtech issue new profit warning

FTSE250 gambling technology group Playtech Plc has today issued a corporate profit warning, detailing continued Asian market woes. Issuing its second Asia related profit warning over the past year, Playtech governance details a continued slowdown of its Asian market operations and services. “As previously reported, average daily revenue in Asia continues to be impacted by an increasingly competitive backdrop. Towards the end …

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Winning Post – The importance of timing for UK gambling regulation

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. UK: In Parliament – Timing is Everything There are few sure things in matters of gambling regulation but it is looking increasingly likely that the reduction in maximum stakes on betting shop …

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Banach Technology secures €2m in venture funding with Paddy Power executive approval

New industry software incumbent Banach Technology has secured €2.2 million in enterprise seed funding from investors including former Paddy Power co-founders David Power and Stewart Kenny. The Dublin based start-up, seeks to revolutionise betting accumulator pricing and data, simplifying multi-bet market complexities for its B2C customers which include Coral, Paddy Power Betfair, BetBright and Ladbrokes. “Banach have developed technology that …

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The Stars Group expands new private debt-note offering to $1 billion

Issuing a corporate update, Toronto TSX-listed the Stars Group Inc has informed that it will add a further $250 million to its proposed private unsecured senior note/loan offering. Seeking to complete its $4.7 billion acquisition of Sky Betting & Gaming (Sky Bet), the Stars Group governance will move to expand its senior debt-financed loan to $1 billion (transaction first announced …

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ManBetX enhances World Snooker links with Welsh Open renewal

O'Sullivan - Copyright: naypong / 123RF Stock Photo

ManBetX has announced that it is strengthening its World Snooker ties, after renewing its sponsorship of the Welsh Open world ranking event. Running from February 11-17 next year at Cardiff’s Motorpoint Arena, this move sees the betting brand build upon its deal with snooker’s longest running ranking event, after the UK and World Championships, following its initial deal covering this …

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UKGC urges betting leadership to set the right tone on fair practices

The UK Gambling Commission (UKGC) has published its ‘Enforcement Report – a new guidance to help operators make gambling fairer, safer and crime free’. The UKGC urges betting leadership to pay close attention to the document which outlines the enforcement actions taken against UK licensed operators in the past year. Presenting the Enforcement Report, Neil McArthur new Chief Executive of …

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UK government to consider society lottery reform

Society Lotteries could be set for major reform, as the UK government embarks upon a consultation period relating to the amount of money that can be raised for good causes. Running for a period of ten weeks, and open to members of the public, a series of rises are to be considered, with the previous sales limit increase occurring in …

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Camelot moves to secure board strengthening

Copyright: sowari / 123RF Stock Photo

Camelot UK Lotteries Limited has announced a duo of executive appointments, strengthening its board “in accordance with the Board Governance Review process that the company is currently undertaking”. Incoming is Sir Hugh Robertson as the new Camelot Chairman with immediate effect, the current Chair of the British Olympic Association (BOA), with a number of senior roles previously held, including serving …

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