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Share Price: 86.20
Bid: 86.60
Ask: 88.80
Change: -1.00 (-1.15%)
Spread: 2.20 (2.54%)
Open: 86.00
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UK gambling firms told to slow down slot machines in new crackdown

Tue, 02nd Feb 2021 08:37

(Sharecast News) - UK gambling firms have been told to slow down spin speeds on online games as part of a package of strict safety measures by the Gambling Commission.



New rules include the introduction of limits on spin speeds, and the permanent ban on features that speed up play or celebrate losses as wins.

The commission also banned features that speed up play or give the illusion of control over the outcome and auto-play - which can lead to players losing track of their play.

Other changes include the permanent ban on reverse withdrawals - a function which allows consumers to re-gamble money they had previously requested to withdraw and the clear display to the player of their total losses or wins and time played during any online slots session.

Operators will also need to implement tough new player protection measures which will make online casino games less intensive and safer by design.

The changes come after the publication of a consultation by the Commission in July 2020 that revealed that an auto-play feature in online gambling games was linked to some players losing track of play, making it difficult for some to stop playing and in some cases gambling on other activities simultaneously.

Evidence shows that reverse withdrawal functions present a risk to players because of the temptation to continue gambling.

Neil McArthur, Gambling Commission chief executive, said: "This is another important step in making gambling safer and where the evidence shows that there are other opportunities to do that we are determined to take them."

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7 Jul 2021 07:53

UPDATE 2-Online betting firm 888 says revenues fell after UK reopening

* UK avg. daily sales 20% lower since May 17 vs earlier in 2021* June-qtr sales rise 10%, but Poker and Bingo revenues lower* Expects FY adjusted EBITDA to be 'slightly ahead' of last year* Shares fall as much as 5%, among biggest pct losers on F...

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TRADING UPDATES: PZ Cussons to beat guidance; Rank's casinos reopen

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1 Jul 2021 08:10

Rank Group trades in line with expectations in first six weeks since reopening

(Sharecast News) - Gambling outfit Rank Group said on Thursday that trading in the first six weeks following the reopening of its venues had been in line with expectations.

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29 Apr 2021 16:52

EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO

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22 Apr 2021 12:04

Rank Group reports total net gaming revenue fall in third quarter

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22 Apr 2021 08:38

Rank Group maintains good liquidity ahead of UK reopening

(Sharecast News) - Gambling company the Rank Group ended its third quarter with total cash and available facilities of £89.8m, it announced on Thursday, comfortably achieving its minimum liquidity covenant of £50m.

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19 Apr 2021 11:34

Rank Group controlling shareholders in internal reorganisation

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Rank Group Swings To Interim Loss As Covid Restrictions Force Closures

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UK Earnings, Trading Statements Calendar - Next 7 Days

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Rank Group Hires Guoco Group CFO Chew Seong Aun As Executive Director

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