Daily news

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    A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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    Banking group HSBC UK has joined forces with industry charities GamCare and GambleAware to develop and launch a new self-restriction tool to enable its customers to block gambling transactions on their accounts.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    The UK Gambling Commission (UKGC) has revealed it issued more than £18m (€20.1m/$23.6m) in fines to gambling companies during the past financial year

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    GambleAware, the charity previously known as the Responsible Gambling Trust (RGT), has published a new five-year strategy in order to reinforce its commitment to people suffering from gambling-related harm.

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    The UK Gambling Commission (UKGC) has said in a new report that although gross gambling yield from remote betting, bingo and casino sources remains steady, it noted a decline in the number of land-based facilities in the national market.

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    Gala Coral has cited the impact of ongoing growth within its online division as one of the main reasons behind a year-on-year jump in revenue during the six months through to April 9.

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    The Senet Group is to make up to £100,000 (€131,400/$146,300) in grants available to not-for-profit organisations as part of an effort to support ongoing responsible gambling strategies.

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    William Hill recorded “good operational performance” by expanding into lotteries through NeoGames, but UK PoC and increased duty on machines hit profits.

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    Ladbrokes is said to be closing in on its proposed acquisition of Gala Coral, with some reports suggesting a deal could be finalised by the end of the week.

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    UK bookmaker Gala Coral is preparing to float on the stock market later this year, according to the Financial Times newspaper.

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    Gambling group Gala Coral has rejected reports that it has held talks with private investment firm OpCapita over the potential sale of its Gala Retail business.