Gibraltar pushes to stop operators’ exodus

After Brexit, several companies have moved to Malta and pushed the government to take political action to prevent further relocations.
30/10/2018
  • William Hill could close up to 900 betting shops after FOBT clampdown

    William Hill blamed the government’s clampdown on fixed-odds  terminals (FOBTs) as it warned that up to 900 betting shops could close, putting 4,500 jobs at risk. The bookmaker reported a loss of £820m in the first six months of the year, as the decision to slash maximum stakes on FOBTs from £100...
  • Paddy Power Betfair in talks to buy FanDuel after US sports betting ruling

    Paddy Power Betfair has made the first move in an expected wave of takeover activity prompted by the legalisation of sports betting in the US, as it launched a bid for fantasy sports league company FanDuel. Shares in UK gambling companies soared earlier this week as investors responded to the US supreme...
  • Bookies are struggling – but they’ve got a dead cert coming up, honest

    In the moaning and whingeing stakes, bookmakers are the thoroughbreds. The government expects us to pay too much tax! Horseracing is always asking for too much money! Sporting results have gone against us! These are familiar refrains that usually provoke cheers rather sympathy. So, last week, one of the...
  • Final Hurdle Cleared For Ladbrokes Coral GVC Deal

    The Competition and Markets Authority (CMA) has given the green light to the Ladbrokes Coral GVC deal after the competitions watchdog said “the deal does not give rise to competition concerns”. It added that they are not close rivals and there are many other providers of betting and gaming...
  • Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover

    The takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce...
  • Italy sets online casino revenue record; PokerStars’ grip slips

    Italy’s regulated online gambling market started 2018 off on the right foot, posting double-digit sports betting gains and setting a new online casino record. Figures compiled by Italian gaming news agency Agimeg show total land-based and online sports betting revenue of €150.5m in January, up 15.5% year-on-year. However, the online portion...
  • Ladbrokes Coral could lose 1,600 jobs after Foxy Bingo takeover

    The takeover of Ladbrokes Coral by GVC, the Isle of Man-based firm behind Foxy Bingo, could trigger up to 1,600 job losses, the companies said, as they published fresh details of a deal worth up to £3.9bn. Online casino company GVC and bookmaker Ladbrokes said up to 6% of their combined 26,800 workforce...
  • Labrokes Coral reopens £3.9bn takeover talks with Foxy Bingo owner

    Ladbrokes Coral and online gambling rival GVC have renewed talks about a takeover which could be valued at £3.9bn – but with the proviso that the deal could be cut by £800m depending on the final result of a government review of controversial fixed-odds betting terminals (FOBTs). GVC, owner of...
  • William Hill sees online sports betting increase by 13% in a year

    Increased online revenues and dividend push bookmaker’s share prices up, even as profits fall due to string of wins for football teams. Bookmaker William Hill has reported a big increase in online sports betting in the UK over the past six months, despite feeling the absence of a major international football...
  • Online gambling firms face clampdown after watchdog’s probe

    The online gambling industry is facing a clampdown after the UK competition watchdog accused companies of unfairly treating customers and potentially breaking consumer law. The Competition and Markets Authority (CMA) said people were not getting the deal they expected from sign-up promotions and operators were unfairly holding on to customers’ money....
  • FA announces end to all sponsorship deals with betting companies

    Decision comes after three-month review into betting sponsorship. FA’s current partnership with Ladbrokes to be terminated this month. The Football Association will no longer have a betting partner after terminating a contract with Ladbrokes worth around £4m a year following a string of high-profile gambling controversies in the sport....
  • FA ‘considering’ relationship with gambling and alcohol firms – Greg Clarke

    The Football Association is “considering” its relationship with gambling firms and alcohol companies, says the governing body’s chairman. Greg Clarke has ordered a report into whether it is appropriate to have official partnerships with gambling and betting. “The sport has a duty to consider and ask itself what is...
  • Cybersecurity: A growing focus for gambling operators

    In October 2016, the world saw the most powerful Distributed Denial of Service (DDoS) attack ever registered in cyber history. The destructive Mirai botnet brought down sites including Twitter, the Guardian, Netflix, Reddit, CNN and many others in Europe and the United States after it hit the servers of...
  • GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
  • BCLC’s online casino earns 46% of revenue from 619 players

    New research reveals that the British Columbia government’s online gambling site earns 46% of its online casino revenue from just 5% of its players. This week, the British Columbia Lottery Corporation (BCLC) celebrated the signing of a licensing agreement in which casino operator MGM Resorts would integrate BCLC’s GameSense...
  • William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • ESports betting to grow in 2020 as its audience grows to 600M

    The future of eSports betting will become brighter three years from now as its global audience will balloon to almost 600 million by 2020. According to the latest report of market intelligence company Newzoo, the global eSports audience will reach 385 million in 2017 and is expected to grow...
  • Playtech inaugurates Live Casino Romania studio

    Playtech has opened a state-of-the-art live casino studio facility in Bucharest, Romania to cater for a huge demand in licensees in the newly regulated Eastern European country. Playtech’s new Romania live casino facility employs native dealers and further bolsters its position as one of the world’s leading live casino...
  • Regulated market embraced by PokerStars’ Portuguese players

    The newly launched PokerStars.pt in Portugal is one of the busiest online pokers sites in the world based on real money cash game players. That is the finding of PokerScout, an online poker traffic ranking site which estimates the number of players at cash game tables on the major...
  • Macau confident about recovery but estimates “conservative” gambling revenue outlook

    The head of Macau’s government gave a conservative forecast for gambling revenue next year that’s 13 percent below analyst estimates amid a nascent recovery in the world’s biggest casino hub, Bloomberg reported. Macau’s government is confident the economy will recover to grow by low single-digits in 2017, Chief Executive...
  • Paddy Power faced with £4m bill after Republican’s victory

    They say the bookie always wins, but not on Tuesday night. Three weeks ago, bookmaker Paddy Power paid out £800,000 in winnings to punters who had backed Hillary Clinton to be the next US president, only now to be left with a bill for £4m to pay clients who...
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