Nick Rust, chief executive of the British Horseracing Committee (BHA), has said that the proposed merger between Ladbrokes and Gala Coral would have an adverse impact on customers and the UK's horseracing and greyhound industries.
The UK's vote to leave the European Union has raised concerns over the impact this could have on UK companies working in EU gambling markets, notably Italy's, according to Giulio Coraggio, partner at law firm DLA Piper's Rome office.
The Gibraltar Minister of Financial Services and Gaming has moved to allay fears over the impact the UK’s departure from the European Union (EU) could have on the country’s gambling market, stating that it is “business as usual”.
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.
The UK Gambling Commission (UKGC) has announced that Betfred is to pay over £800,000 (€1 million/1$1.1 million) in compensation and in contribution towards socially responsible causes as part of a regulatory settlement following a licence review by the organisation.
Gala Coral has agreed to forfeit more than £846,000 (€1.1 million/$1.2 million) after the UK Gambling Commission (UKGC) ruled the operator made a series of failings related to its anti-money laundering and social responsibility processes.
The UK’s Competition and Markets Authority (CMA) has delayed a provisional ruling on the proposed merger between Gala Coral and Ladbrokes, with a source citing issues regarding branch disposal as a possible reason behind the decision.