At first glance, the Million Pound Shot appeared to be just your standard Channel 4 gameshow, hosted by family favourite Bradley Walsh. But it soon became apparent that something altogether different was going on, with contestants asked to wager their own money in a bid to win the £1 million prize. Clearly, such a format […]
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Betting Sector Unites Against the Government’s Latest Tax Grab
From shop closures and redundancies to black market growth, the UK government was warned of the perils of hiking Machine Games Duty (MGD) in their Autumn Budget. Some anti-gambling campaigners, including former Labour leader Gordon Brown, had called for MGD to be doubled from 20% to 40% in a move that would have decimated the […]
Tory Insiders Handed Suspended Sentences Over £50,000 General Election Betting Fraud
Three people with close connections to the Conservative Party have been handed suspended sentences after being found guilty of ‘cheating’ at betting. Anthony Lee, his wife Laura and Amy Hind all used privileged information – the date of the 2024 General Election, which was yet to be publicly revealed – to place a variety of […]
BetGoodwin Plots £80m Stock Exchange Listing Despite UK Market Gloom
There were some interesting comments made by Ronan McDonagh, the CEO of Matchbook, at a gambling industry summit this week. He believes, despite the slump in profits, the tax grabs and the tighter regulation that the sector faces, that the UK still presents a growth opportunity – with peer-to-peer betting, which is the foundation for […]
Flutter to Cut 1,400 Jobs Due to Tax Increase Pressures
Flutter Entertainment is the latest gambling industry giant to confirm mass redundancies, with as many as 1,400 jobs expected to be lost. The Betfair and Paddy Power owner will make the cuts across their UK and Irish operations. They amount to around 15% of their total workforce. A statement made by the firm pointed the […]