Tag Archives: KPMG

Betfair faces board pressure over dividend misconduct

The Local Authority Pension Fund Forum (LAPFF) has called for Betfair to appoint ‘new independent directors’, to investigate the operator’s dividend payments over the past three years. The LAPFF have additionally asked for a further investigation of Betfair’s  auditors KPMG and a review of Betfair corporate governance. Betfair investors received the strongly worded letter from the LAPFF this weekend, questioning …

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RGA ire at Treasury ignorance on remote tax

The Remote Gambling Association (RGA) has restated its view that (i) a rate of 15% for the new point of consumption tax is too high; and (ii) the regime still does not appear to make allowances for bonuses and incentives. This heightens the risk that British licensees will lose significant market share to black market operators and that this will …

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