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382 results for "betting shops"
UK Politicians Threaten to Slash FOBT Max Stakes to ￡2
The maximum stakes on the UK’s fixed-odds betting terminals should be slashed from a maximum of ￡100 ($125) to ￡2 ($2.50). That’s the recommendation of an all-party parliamentary group, formed to advise...
Paddy Power Founder Secretly Lobbied Against FOBTS, Contrary to Own Interests
Stewart Kenny, former CEO and co-founder of Paddy Power, fought the introduction of fixed-odds betting terminals (FOBTs) to Ireland, contrary to his company’s own interests, according to documents seen by UK newspaper...
Brazil Gambling Bill to Legalize Casinos and Internet Gaming Approved by Senate Committee
Brazil gambling legislation has been a topic of consideration in the country's federal government over the last several years, but today betting remains illegal in South America's largest country. Gambling has been...
Donald Trump Confirmed as 45th US President in America’s Brexit Vote
Not even Donald Trump could have imagined how the vote countdown would play out on Tuesday night. At 2:40 am ET Wednesday morning, the state of Pennsylvania officially went to the billionaire...
Ladbrokes and Coral Complete Historic Merger
Ladbrokes and Coral, two of the UK’s biggest gambling brands, completed their ￡2.3 billion ($2.81 billion) merger today (Tuesday, November 1) and immediately began trading under the new name, Ladbrokes Coral Group...
FOBT’s “Crack Cocaine” Label a Myth, says Conservative Think Tank
The Institute of Economic Affairs (IEA) published a paper this week debunking what it claims are persistent myths surrounding the UK’s controversial fixed-odds betting terminals (FOBTs). IEA is a conservative free-market think...
Brits Blew ￡12.6 Billion on Gambling Last Year
If there’s one thing Brexit has shown us, it’s that Britons don’t mind taking risks, which is perhaps why they gambled away a record ￡12.6 billion ($16.7 billion) last year on games...
UK Bookies Slammed for Offering “Perks” to FOBT Players
UK bookmaking shops have been criticized by the BBC’s Victoria Derbyshire current affairs program for offering free food and drink to players of fixed-odds betting terminals (FOBT). The show recently interviewed numerous...
Paddy Power Betfair’s Q1 Profits Soar Despite Integration Upheaval and “Worst Ever” Cheltenham?
Paddy Power Betfair profits sky-rocketed by 36 percent in the first quarter of 2016, the newly-combined company said this week. This is despite a disastrous Cheltenham horse racing festival that cost the...
Gala Coral Agrees to Pay $1.2 Million Restitution for Failing to Prevent Money Laundering and Problem Gambling
Gala Coral has agreed to pay nearly ￡880,000 (roughly $1.2 million) for its "systemic failure" to properly defend against money laundering and problem gambling. The United Kingdom's Gambling Commission said Gala Coral...