Industry
October 15, 2024
Racing Executive Asks for Taxation Changes Amid Tax Hike Rumors
Martin Cruddace, Arena Racing Company’s chief executive officer, has appealed for lower betting duty rates and an increase in the statutory levy. His appeal follows a rumored proposal to increase Britain’s gambling tax. Lower Betting Duties, Higher Levy As the October 30 budget approaches, lawmakers are reportedly mulling over a gambling tax hike, much to […]
Industry
October 15, 2024
More Than Half of UK Residents Support iGaming Tax Hike, Survey
Ahead of the release of the UK government’s Autumn Budget, a newly released study suggests more than half of the Brits support the idea of increasing taxes for online gambling. Three Quarters Support Raising Gambling Taxes Recently, the Labour Party in the country encountered a £22 billion ($28.7 billion) “black hole.” In an effort to […]
Industry
October 15, 2024
Gambling Addiction Pushes UK Senior to £115K Theft
Gambling addiction can push many into debt but out of desperation, some people may even engage in unlawful activities. In one such criminal case from the United Kingdom, a great-grandmother narrowly avoided time behind bars after stealing more than £100,000 ($130,800) from a charity. Charity Treasurer Stole Thousands of Pounds The case involved a 65-year-old […]
Business
October 15, 2024
Kindred Restructures Its Board Following FDJ’s Takeover
Kindred Group announced major changes to its board of directors following its takeover by La Française des Jeux (FDJ). The historic deal, which cemented FDJ as one of Europe’s biggest gambling companies, led to significant restructuring for Kindred. Kindred Unveils New Board Lineup According to Kindred’s announcement, several directors, including James H. Gemmel, Cédric Boireau, […]
Industry
October 14, 2024
BGC CEO Unamused at Reported Gambling Tax Hike Proposal
Britain’s plans to introduce a tax hike do not sit well with the Betting and Gaming Council, which argued that the new proposals are based on “fantasy economics.” In an interview with gaming news outlet NEXT.io, CEO Grainne Hurst expressed her concerns about the mulled tax changes, saying they could harm the legal industry. Hurst […]
Business
October 14, 2024
BOXXER Forms a Strong Partnership with Betfred
BOXXER, a world-class boxing promotional company, has formed a new partnership with Betfred, one of the United Kingdom’s largest operators. As a trusted and respected brand, Betfred will be a valuable entry in BOXXER’s list of operator partners. BOXXER Will Promote Betfred’s Brand BOXXER, which was founded in 2018 by Ben Shalom, a prominent entrepreneur […]
Industry
October 14, 2024
Labour Party Considers £3bn Tax Hike for Gambling Companies
The gambling sector in the UK is currently going through regulatory changes amid the government’s efforts to make the rules suitable for the digital age. While the changes are related to the White Paper following the review of the Gambling Act, a new report suggests some gambling operators may be affected by a tax hike. […]
Industry
October 11, 2024
Dutch Black Market Spending May Be Larger than Expected
Although the latest figures from the Dutch Gaming Authority revealed a drop in the number of players using illegal gambling sites, black market gambling in the Netherlands remains a persistent threat. The regulator’s newest report claimed that 95% of registered accounts now belong to regulated online operators. However, the amount spent by the remaining 5% […]
Industry
October 11, 2024
Disturbing Report Reveals Suicide Risk for Blackpool Gambling Addicts
According to an unsettling study released earlier this year, Blackpool is a city plagued by “deaths of despair,” a term that health experts collectively use to describe deaths related to drug abuse, alcohol, and suicide. Results of the disturbing study quoted the seaside town in Lancashire, England as the city with the highest rate of […]
Sports
October 11, 2024
DSWV Reports No Evidence of Match-Fixing in Amateur Leagues
Despite the rigorous efforts of lawmakers and gambling regulators across Europe, illegal gambling remains a challenge to the legal sector. Unlawful operations are often tied to criminal activities, including money laundering and match-fixing. The latter is precisely one of the concerns of gambling stakeholders in Germany. No Evidence Suggests Manipulation in Amateur Leagues Only recently, […]
