Online gambling firms FanDuel and BetMGM are reportedly not offering in the United States some of the safeguards they have implemented in the United Kingdom. The two companies — FanDuel is owned by Irish company Flutter and BetMGM is jointly owned by British company Entain and MGM Resorts International — are leading competitors in the U.S. online gambling market, Reuters reported Wednesday...
Tag: gambling
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Election gambling scandal engulfing UK’s ruling party, explained
With a week to go until a general election in the UK, an investigation into potentially illegal betting by people close to Rishi Sunak is the last thing the collapsing Conservative Party needs. ADVERTISEMENT With the UK’s general election just a week away, the reigning Conservative Party looks set to suffer a devastating defeat after...
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‘Incredibly angry’: What to know about the UK’s insider gambling scandal
Rishi Sunak’s election campaign has gone from bad to worse as a rapidly escalating gambling scandal becomes the latest misfortune to mar the Conservatives. Multiple figures within Mr Sunak’s orbit have become embroiled in an investigation around alleged bets on the timing of the election. Here’s how the saga has unfolded, and what it means...
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Online gambling UK: Did pandemic fuel casino revenues? – London Business News | Londonlovesbusiness.com
New data has revealed that the UK is projected to be in the world’s top two online gambling nations in 2024, with estimated revenue of £11.01 billion from online gambling. Using data sourced from Statista, Japanese Online Casino Guide analysed the projected 2024 online gambling revenue for 61 countries. The countries were then ranked from...
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UK Relaxes ‘Land-Based Gambling’ Rules as Online Betting Grows
The British government is loosening its rules for brick-and-mortar betting businesses as online gambling grows. The U.K.’s Department for Culture, Media and Sport issued a report Thursday (May 16) that would allow for cashless payments on gaming machines in places like casinos, arcades and bingo halls, while introducing an age limit of 18 for these machines. The rules would allow establishments to...
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UK gambling financial vulnerability checks to begin in August
The UK Gambling Commission has confirmed that light-touch financial vulnerability checks will come into force in two stages from August this year. From August 30 this year, the checks will come into force for online gambling customers with a net deposit of more than £500 per month on gambling, before reducing to £150 per month...
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Iran dismantles illegal online gambling network linked to UK
The Iranian Intelligence Ministry’s announcement said on Saturday that the dismantling of the UK-linked network which it described as the biggest such network in Iran followed 14 months of intelligence search and investigative operations. It added that the Nitro Bet network had transferred huge sums of money from the country by means of 35,006...