When the UK chancellor, Rachel Reeves, revealed her Autumn Budget, there was some surprise when she refused to increase taxes on profits for gambling operators. But at the same time, there was a feeling that if she hasn’t got us now, then it’s only a matter of time before she does. And perhaps that mindset […]
Government
MP Amongst Group of Five Who Could Face Jail Over UK Election Betting Scandal
The fall-out from July’s election betting scandal continues to rumble on with a group of up to five people – including a politician – facing the possibility of criminal charges. According to Sky News, who refused to name their source, an investigation conducted by the Gambling Commission could lead to police arresting ‘at least three […]
Share Prices Soar as Gambling Firms Evade Tax Hike in UK Budget
Not many people escaped from the UK government’s autumn Budget unscathed as far as tax hikes are concerned, but the gambling sector – surprisingly to many – did. And so unexpected was the ‘tax relief’ that share prices for some of the largest operators in the industry have soared accordingly. It may well be the […]
The £100 Million Market: US Election Set to Break Betting Records
It’s official: the U.S. Election betting market on the most popular betting exchange has breached the £100 million mark. There’s still eleven days to go until the polls officially open for voting, but it looks likely that the battle for the White House between Donald Trump and Kamala Harris will break political betting records. And […]
Gambling Commission Chiefs Vows to Fight Back Against Growing Black Market Threat
There’s a cause-and-effect relationship in the gambling industry that is making many sector stakeholders increasingly nervous: the more you make licensed betting unfavourable, the more likely it is that punters will seek out ‘black market’ bookmakers. And in an age of digital innovations like WhatsApp, it’s becoming easier and easier for unlicensed ‘bookies’ to build […]