Tag Archives: Phillip Hammond

DCMS appoints Mims Davies as new UK Sports Minister

The UK government has confirmed that Eastleigh MP Miriam ‘Mims’ Davies will join the Department of Digital, Culture, Media & Sports (DCMS) as new UK Sports Minister replacing Tracey Crouch. Crouch, who had served as UK Sports Minister since 2015, resigned last week in protest of the government’s ‘delayed’ FOBTs £2 wagering reduction, which had been confirmed for October 2019 …

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Winning Post: Crouch bows out with “alternative facts”

Crouch

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: Politics – Crouch bows out with “alternative facts” Last week’s resignation of Tracey Crouch as UK minister for sport (and gambling) marked a new low in the recent history of Britain’s …

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LeoVegas looks for economies of scale to counter UK tax hike

Tax

LeoVegas has pointed to the tax rate in Denmark as evidence that a 21 per cent remote gaming duty on games of chance will not impact the sustainable running of its UK business. This week, Chancellor Philip Hammond confirmed to Parliament that UK Remote Gaming Duty would rise from 15 per cent to 21 per cent, effective from 1 October …

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FSB’s Richard Thorp: Retail Betting – The Past and Future

Retail Betting

Last I checked, signs of impending apocalypse have yet to include high street bookmakers’ signs flapping in the wind. However, if you were to listen to many on the retail high street, the four horsemen are bearing down on retail operators – and at least one of them is riding a FOBT, writes Richard Thorp, Business Development Director for FSB. First, …

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Bookmakers make a last stand to Matt Hancock warning of ‘catastrophic FOBTs consequences’

The BBC has this weekend reported that UK betting bosses have penned a letter to Matt Hancock, Secretary of State for Culture, Media & Sport (DCMS), urging the government to drop its plans of implementing a £2 wagering limit on FOBTs machines. The letter to Hancock leader of DCMS, is supported by the leadership of GVC Holdings, William Hill, Betfred, Scotbet …

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Bookmakers hurt by reports that government will back FOBTs ‘£2 Nightmare Scenario’

The UK betting industry has been impacted by fresh speculation that the government will move to implement a £2 bet limit on FOBTs machine wagering. This morning, UK news sources reported that Chancellor Phillip Hammond had accepted the parliamentary recommendations put forward by the UK Gambling Commission (UKGC), moving to lower FOBTs wagering levels below £10s. On Monday, The Times …

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