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Industry
November 28, 2024
UK Betting Statutory Levy Rates Higher than Initial Proposal Estimates
Earlier this week, the UK confirmed its plans to implement a statutory levy applicable to betting and gaming companies. The betting levy, affecting all licensed operators would be charged based on the respective company’s gross gambling yield (GGY) from the previous year with the levy rates ranging from 0.1% to 1.1%. Now, Nick Arron, lead […]
Industry
November 27, 2024
It’s Official: UK Government Introduces Slots Cap, Betting Levy
Earlier this week, we informed you of The Guardian’s report based on multiple sources that claimed gambling minister Baroness Twycross would soon announce the new statutory levy. The approximate term of the said announcement was rumored for sometime this week. Now, the same publication announces that the UK government has confirmed the online slots cap […]
Industry
November 27, 2024
Study: Gambling Harm Is Linked to the Industry’s Expansion
A new study has uncovered a link between the proliferation of gambling and the increasing gambling harm rates. Based on data from tens of thousands of gamblers, this latest research claims that gambling harm is something that exists beyond the individual level. Harm Should Be Addressed at a Societal Level The findings of the groundbreaking […]
Industry
November 27, 2024
Recovering Addict Slams Operators after Losing Her Wedding Gift Money
A British woman from Rhyl has accused gambling operators of “stripping her of a personality,” causing her to gamble away half of the money she received as a wedding gift. Hubbard’s Harm Skyrocketed Because of Online Gambling Elissa Hubbard, who has struggled with gambling since a young age, has accused gambling operators of predatory behavior. […]
Industry
November 26, 2024
GambleAware’s NGSN Report Highlights Increased Use of Treatment
GambleAware, the leading gambling harm prevention charity in the UK, has published its latest annual report for the National Gambling Support Network (NGSN). The document highlighted an increase in people being treated for gambling harm, underscoring an increased visibility for the safer gambling services available to players. More People Were Treated, Data Shows As reported […]
Industry
November 26, 2024
YouGov Shares Insights on UK Online Slots Player Behaviors
As one of the most popular forms of gambling activities in the UK, online slots attract young adults between the ages of 18 and 34, who are spending more than £100 ($126) per month, a new report released from YouGov suggests. Online Slots Attract More Young People Compared to Betting, Online Lottery The recent white […]
Industry
November 26, 2024
UK to Introduce Statutory Levy Very Soon, Reports Say
The British gambling and betting industry will have to pay some £100 million a year, as per a new RET (research, education and treatment of gambling harm) levy. As reported by The Guardian, this new measure could be announced as soon as this week. In Line with the White Paper The report says that the […]
Industry
November 25, 2024
UK Gambling Commission Under Fire over Failure to Probe Suicide
Recently, we reported that the family of a deceased man who suffered from gambling addiction filed a lawsuit against Flutter Entertainment, the recognizable gaming and entertainment giant. This was the case for the family of Luke Ashton, who took his own life due to a crippling gambling addiction. Relative of a Deceased Gambler Deems UKGC […]
Business
November 22, 2024
Spreadex to Sell Sporting Index Due to Monopoly Concerns
The UK Competition and Markets Authority (CMA) has ordered Spreadex to divest itself of Sporting Index due to significant competition concerns in the licensed online sports spread betting market. This decision comes after an extensive investigation into the merger concluded that the deal stifled competition and risked negatively impacting consumers. A Consolidated Market Could Hurt […]
Legal
November 22, 2024
Deceased Gambler’s Family Reportedly Files Lawsuit Against Flutter
A 40-year-old man took his own wife back in April 2021 after suffering from a crippling gambling addiction. The shocking case from the UK revolved around Luke Ashton, who was fighting a severe addiction to gambling before his suicide. Using the services of Flutter-owned operator Betfair, the 40-year-old man wasn’t identified as a problem gambler, […]
