Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks888.L Share News (888)

  • There is currently no data for 888

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK government proposals on gambling finally expected to be published

Thu, 27th Apr 2023 08:46

(Alliance News) - The long-awaited gambling white paper setting out UK government proposals to make regulation of the sector "fit for the digital age" is expected to be published on Thursday.

Campaigners are hopeful it will include plans for affordability checks and the introduction of a statutory levy on gambling operators to pay for research, education and treatment of problem gambling.

Other measures hoped to feature include a reduction in stakes for online slot games to match those found in land-based gambling and the creation of a gambling ombudsman to deal with customer complaints.

However, reports suggest that the majority of measures, including the exact level of stake limits of online slot machines and curbs on digital marketing such as "free" bets or bonuses, will be subject to further consultation, signalling even more delay to long-awaited changes.

The UK government launched its gambling review in December 2020 but publication of the subsequent white paper has been the subject of repeated delays due to a succession of ministerial changes.

Ministers from the Department for Culture, Media & Sport, including gambling minister Stuart Andrew and culture secretary Lucy Frazer, are due to answer questions in the House of Commons on Thursday.

Writing in The Times on Thursday, Frazer said the regulations towards gambling have not matched the advancements in the industry, particularly due to the rise of smartphones and the internet.

"British punters spend almost GBP10 billion a year on online casino games, sports betting and other forms of commercial gambling," Frazer said.

"Our phones have opened up a digital wonderland where everyone can access a maze of flashing slot machines, virtual races and blackjack tables.

"That's why the government is committed to an overhaul of the rules with an approach centred on balance: to protect the most vulnerable, but not get in the way of the majority of people who want to have a flutter."

Frazer said the gambling white paper will target the power balance between punters and operators, it will do more to protect children and fund research on how to prevent gambling addiction in the future.

Campaigners have called for a ban on gambling advertising and sponsorship but the Premier League has already announced a voluntary ban on gambling sponsorship from the front of match day shirts.

The Premier League also said it was working with other sports on the development of a new gambling sponsorship code.

Zoe Osmond, chief executive of charity GambleAware, said: "Gambling harm is a serious public health issue, which can affect anyone.

"As the leading independent charity and strategic commissioner of gambling harm prevention and treatment across Great Britain, we look forward to the publication of the white paper and with it, further regulation to prevent gambling harm."

London-listed gambling operators include Entain PLC, Flutter Entertainment PLC and 888 Holdings PLC.

By Josie Clarke, PA Consumer Affairs Correspondent

source: PA

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

Read more
26 Mar 2024 10:50

888 Holdings shares spike on revenue boost and "exciting" future plan

(Alliance News) - 888 Holdings PLC on Tuesday reported a widened annual loss but rising revenue and Ebitda, and unveiled its new "Value Creation Plan".

Read more
26 Mar 2024 10:38

888 posts full-year rise in revenue, adjusted earnings

(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.

Read more
26 Mar 2024 10:38

888 posts full-year rise in revenue, adjusted earnings

(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.

Read more
22 Mar 2024 13:50

888 Holdings comes out of UK watchdog licence review unscathed

(Alliance News) - 888 Holdings PLC on Friday said that it has avoided action following a licence review by the GB Gambling Commission.

Read more
22 Mar 2024 07:43

888 shares rise as Gambling Commission finishes licence review

(Sharecast News) - Gambling operator 888 Holdings announced on Friday that it has received notice from the Gambling Commission that it had completed its review of the group's operating licences under the Gambling Act 2005.

Read more
19 Mar 2024 15:54

UK earnings, trading statements calendar - next 7 days

Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Science Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
Tuesday 26 March 
888 Holdings PLCFull Year Results
AG Barr PLCFull Year Results
Airea PLCFull Year Results
Bellway PLCHalf Year Results
CAB Payments Holdings PLCFull Year Results
CPPGroup PLCFull Year Results
Fevertree Drinks PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Forterra PLCFull Year Results
Genel Energy PLCFull Year Results
GetBusy PLCFull Year Results
Good Energy Group PLCFull Year Results
Inspired PLCFull Year Results
John Wood Group PLCFull Year Results
Life Science REIT PLCFull Year Results
Luceco PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
NIOX Group PLCFull Year Results
Ocado Group PLCTrading Statement
Petershill Partners PLCFull Year Results
Regional REIT LtdFull Year Results
Smiths Group PLCHalf Year Results
Softcat PLCHalf Year Results
Time Finance PLCTrading Statement
TruFin PLCFull Year Results
WAG Payment Solutions PLCFull Year Results
Xaar PLCFull Year Results
YouGov PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
6 Mar 2024 11:55

888 ends Sports Illustrated deal and considers selling US operations

(Alliance News) - 888 Holdings PLC on Wednesday said that it has launched a strategic review of its business-to-consumer operations in the US and is considering a sale of that business as part of the process.

Read more
6 Mar 2024 07:59

888 Holdings axes SI deal, mulls sale of US consumer arm

(Sharecast News) - UK gambling outfit 888 Holdings on Wednesday admitted its bet on the US sports market hadn't paid off and was ending its deal with Sports Illustrated and mulling a potential sale of its American consumer operations.

Read more
6 Feb 2024 09:06

Jefferies names Flutter as top gaming pick

(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.

Read more
22 Jan 2024 17:30

London close: Stocks maintain gains on fresh UK optimism

(Sharecast News) - London markets finished with a positive performance on Monday, following the lead of Wall Street's strong gains towards the end of the previous week.

Read more
18 Jan 2024 11:48

Flutter's shares soar on U.S. margins, market share gains

Fanduel further increases leading U.S. market share

*

Read more
17 Jan 2024 17:15

FTSE 100 hits 7-week low as inflation climbs, China data weighs

UK inflation rate rises to 4% in Dec

*

Read more
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

Read more
17 Jan 2024 12:00

LONDON MARKET MIDDAY: UK inflation uptick, weak China data hits stocks

(Alliance News) - Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.