Daily news

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    Kenneth Alexander, chief executive of GVC Holdings, has agreed to take a pay cut of £150,000 (€169,888/$188,941) following pressure from the operator's shareholders.

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    Tracey Crouch MP, the Minister for Sport, Tourism and Heritage in the UK, has said the country’s gambling industry must work harder to minimise gambling-related harm, claiming that “goodwill alone” will not create a more responsible market.

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    Paddy Power and Betfair are said to be considering cutting jobs in order to help yield savings of £50 million (€70.9 million/$75.3 million) from their proposed merger.

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    The Responsible Gaming Trust (RGT) has revealed that it will provide £580,000 (€830,400/$886,500) of grant funding to support five gambling-related harm minimisation projects.

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    Playtech to undertake major recruitment drive as part of effort to support large-scale omni-channel projects both in the UK and emerging markets.

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    Betting operator Gala Coral has said that despite having recorded year-on-year growth during the 12 weeks to April 12, 2014, recently announced changes in UK gambling regulations mean that the closure of some of its shops is ‘inevitable’.

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    Ladbrokes has confirmed that it will be closing 40-50 betting outlets in the near future as it looks to optimise its retail estate in “secondary locations”.