Fixed odds betting terminals (FOBTs) and tighter regulations aren’t hampering growth at GVC Holdings according to the operator’s latest financial filing.

Summarising its H1 results and looking forward to the end of 2019, GVC’s CEO Kenneth Alexander way buoyant on August 15.

Describing the company’s online operating model as “highly effective,” Alexander is confident full-year profits will exceed previous expectations.

Online Gaming at GVC Holdings Exceeds Expectations

According to the interim report, proforma net gaming revenue (NGR) is five percent ahead of projections at £1.8 billion. Contributing to that improved full-year projection is a 17 percent surge in online gaming … Read more

ComeOn Looking to Improve UK Online Gaming with AI-Powered Innovation

Artificial intelligence (AI) looks set to make UK online gaming safer thanks to a new innovation from ComeOn.

The online casino operator recently revealed that it’s working with Neccton to develop a new responsible gambling tool. As per the August 13 press release, the AI software is a player tracking and personalised feedback tool.

Using Big Data to Solve Big Problems

In working with big data specialist Neccton, ComeOn’s developers are aiming to gain better insights into customers.

By combining resources and implementing the latest artificial intelligence technology, the operator believes it can detect problem gambling before it becomes an … Read more

1XBet has dragged three English Premier League clubs into the mire following allegations of promoting underage gambling and pornography.

An investigation by the Sunday Times has forced the Russian gaming operator to shutter its UK betting site. However, the exposé has also called into question the actions of Liverpool FC, Chelsea FC and Tottenham Hotspur.

Multiple Infractions Lead to Multiple Investigations

Although it doesn’t suggest the football clubs have engaged in any illegal activities, the report does accuse them of “whitewashing” 1XBet’s questionable reputation.

At the heart of the controversy are allegations of improper conduct. As per the August 11 … Read more

Flutter Entertainment, the new trading name of Paddy Power Betfair, has seen revenue increase but profits take a knock in the first half of 2019.

Publishing its H1 results on August 7, Flutter Entertainment showed that revenue was up 18 percent year-on-year. However, despite income increasing from £867 million to £1.02 billion, underlying profit before tax was down 24 percent.

According to the interim report, the “strong” revenue increase was due to organic growth and acquisitions.

Flutter Entertainment Confident Despite Challenges

Alongside its takeover of Adjarabet, Paddy Power Betfair has been increasing its presence in the US this year.

However, … Read more

Wayne Rooney’s move to Derby County has angered retired MP Richard Caborn after it was revealed his shirt number will promote 32Red.

Speaking to The Daily Telegraph, Caborn said the decision to give Rooney the number 32 shirt was “crass.”

The Labour politician had been instrumental in putting together the 2005 Gambling Act but feels the industry has taken some wrong turns in recent years.

Industry Support Hit Out at 32Red Stunt

During his tenure Minister of Sport, Caborn was in favour of reforming the gambling. Seeing it as an opportunity to generate much-needed investment, he lent his support to … Read more

Goliath Breaks Records as David Haye Finds New Love for Poker

Grosvenor Casinos’ Goliath has raised the bar for live poker in Europe once again by breaking its own attendance record.

Setting out to top last year’s event, Grosvenor enlisted the services of retired boxing champ David Haye.

A relative novice at poker but a familiar face to sporting fans around the world, Haye was drafted in as something of a sacrificial lamb.

With pros and amateurs alike looking to knockout the former knockout artist, interest in the 2019 Goliath was high.

Queues Form as Goliath Grows

In fact, ahead of the seventh and final starting flight, players were queuing inside … Read more

The UK betting industry may have found a new friend inside Westminster as Rebecca Pow will now oversee gambling, lotteries and horse racing.

Pow was already Parliamentary Under Secretary of State for Arts, Heritage and Tourism at the Department for Digital, Culture, Media and Sport (DCMS).

However, following the appointment of Boris Johnson as Prime Minster, she’s been given direct responsibility for the UK betting industry.

Racing Links Make Pow Ideal

The appointment is being hailed as a win due to Pow’s links with racing. Although she doesn’t have any formal interests in the sport, she is an enthusiast.

In … Read more

Ladbrokes Coral has been fined £5.9 million for anti-money laundering failures but owner GVC Holdings maintain it’s a historical issue.

In a notice published by the UK Gambling Commission (UKGC) on July 31, details of the infraction were made public.

At the heart of the latest British betting scandal are rogue deposits and spending totalling more than £1.5 million.

Ladbrokes Coral Fails in Four Areas

As per the UKGC notice, Ladbrokes Coral failed in the following areas:

One customer lost £98,000 despite having 460 deposits declined and previously asking to stop receiving promotional material.

Coral failed to ask one customer Read more

UK Betting Operators Under Threat Following Royal Ascot Blunder

Seven UK betting operators could have their licences suspended and, possibly, revoked after serving underage customers at Royal Ascot.

A July 30 update from the UK Gambling Commission (UKGC) informed readers that serious failures had occurred at the June event.

Wanting to test the effectiveness of on-course age verification measures, the regulator sent a decoy to Royal Ascot.

Royal Cock Up by UK Betting Operators

Regarded as one of the biggest racing festivals in the world, betting activity was high during the five-day event. However, even with warnings in place and countless calls for stricter standards, the UKGC found … Read more

UKGC Consultation Could Lead to Ban on Credit Card Casino Deposits

The UK Gambling Commission (UKGC) has doubled down on its pledge to tackle problem gambling by reviewing credit card casino deposits.

Following a call for evidence on the potential impact of a ban, the UKGC has confirmed a consultation will now take place.

Set to get underway in mid-August, the 12-week review will give operators and members of the public a chance to comment on the issue.

Credit Card Casino Ban Up for Debate

As per the regulator’s July 24 press release, removing credit card deposit options from licensed UK casino sites is the main topic of debate. However, the … Read more