GUKPT Manchester Winner’s £70,000 Prize Seized by Taxman Over 2015 Fraud

When Preston native Adam Lulat won the GUKPT Manchester main event in March of this year, besting 241 players for just under $70,000, it was his first cash in a major event in two years.

There was a good reason for that. In 2015, he had been sentenced to 28 months in prison for money-laundering and tax fraud.

Now, HMRC wants its money back and has ordered Lulat to turn over his GUKPT winnings.

According to prosecutors, Lulat was part of a gang of six that laundered money for criminal organizations across Europe, moving around £40

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Coral Assistant Manager Scammed Employer by Betting on Events After They Had Happened

Gavin Thomson, assistant manager at a branch of Coral bookmakers in Dundee, is charged with embezzlement after he discovered a glitch in the computer system that allowed him to bet on races and sports events after they had finished.

A former assistant manager of Dundee and Forfar branches of Coral was in court this week to plead guilty to two counts of embezzlement on indictment after he stumbled on a glitch in the company’s computer system that allowed him to bet on matches after the final whistle had blown.

Gavin Thompson employed friends as proxy

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Leniency for Gambler who ‘Found’ £15k in Genting Casino — And Blew the Lot

Have you ever wondered what you’d do if you happened to stumble on a big pile of cash, carelessly left behind by a high-roller at your local casino?

Maybe you have, but the most sensible answer came loud and clear at Birmingham Crown Court this week: you give it back to its rightful owner or face the consequences.

Sixty-three-year-old Solihull resident Panikos Constantinou was presented with precisely this tempting dilemma at the Genting Casino at Resorts World in Birmingham last June.

Unfortunately, when he saw a wealthy customer leave a laptop bag containing £15,000 unattended under a gaming table,

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GUKPT Goliath Smashes Record to Become Biggest Event Outside of the US

The Grosvenor UK Poker Tour (GUKPT) Goliath has proved once again that tournament poker outside of the US is thriving.

Continuing the momentum set by the World Series of Poker (WSOP) in Las Vegas this summer, the Goliath has broken its own attendance record. After opening the registration desks on July 28, the cashiers collected a total of 7,584 entrance fees over the course of seven starting flights.

Goliath Smashes Targets

With players flocking to Coventry’s Ricoh Arena in their droves, the first-place guarantee of £100,000 always looked beatable. Eventually, when the final £125 buy-in was collected, the top prize … Read more

Paddy Power Betfair Buoyant Ahead of FOBT Changes  

Paddy Power Betfair isn’t concerned about the impending changes to fixed odds betting terminals (FOBTs) according to the company’s latest financial report.

Publishing its half-year statement on August 8, executives for the betting brand said that reducing the maximum stake from £100 to £2 would only impact revenue by just over 2 percent. In detailing a 4 percent profit increase to £106 million, Paddy Power Betfair reconfirmed that it doesn’t rely as heavily on FOBT revenue as other operators.

“Our shops are more profitable, and outperform on sports betting, enabling them to better withstand the impact of lower machine stakes … Read more

William Hill is making big moves at home and aboard after reporting an £820 million loss for the first six months of 2018.

The latest financial report showed a £915 million accounting charge due to the government’s decision to reduce the maximum stake for fixed odds betting terminals (FOBTs) to £2. Discounting the FOBT write-off, William Hill recorded a £96 million profit for the period.

Excluding the accounting charge, profit was still down 13 percent on last year. However, despite the need for major changes in the UK, the betting brand is optimistic about the future.

Despite looking across the … Read more

EFL Defends Its Position as Betting Sponsorships Reach a Tipping Point

A spokesperson for the English Football League (EFL) has defended the organisation’s position on the betting industry in the wake of more calls for change.

In a statement published in The Guardian, the EFL’s representative said that money from the gambling industry was integral to the organisation as a whole and the clubs within it.

“[Gambling firms] make a significant contribution to the ongoing financial sustainability of professional football at all levels,” the spokesperson said on July 30.

EFL Wants Socially Responsible Gambling

Despite suggesting that the betting industry was propping up a number of EFL teams, the governing body … Read more

Poker Cheats Hit Alea Casino Glasgow with Mobile Phone Scam

Customers at Glasgow’s Alea Casino have rumbled a suspected pair of cheats allegedly using a card reading device at the venue’s Casino Hold’em tables.

According to the Daily Record, the alarm was raised on July 26 after players in the game suspected collusion between the dealer and someone at the table. In a bid to minimize disruption, casino bosses kept the table open while the authorities were called.

Dodgy Dealing Caught in the Act

Attending the scene around midnight, police offers carried out an investigation and a spokesperson for the local force has since confirmed to the Daily Record that … Read more

GVC Holdings Confirms US Sports Betting Tie-Up with MGM Resorts

GVC Holdings and MGM Resorts have confirmed a $200 million/£152 million joint venture that will see the former provide its online sports betting expertise to the latter.

Initially reported on July 28, the deal will be mutually beneficial project that won’t involve any equity swap between the two companies at this stage.

However, what it will involve is an initial investment of £76 million from each party and the launch of a new selection of sports betting sites in the US.

A Mutually Beneficial Relationship

In the official announcement on July 30, GVC said that the 50/50 deal will build … Read more

World Cup Sees Surge in Betting Site Sign-Ups

The 2018 World Cup created a surge in new sign-ups as the leading betting operators saw more than six million people speculate on the summer event.

Following France’s World Cup final win, polling organisation YouGov conducted a review of the recent betting activity across the UK. Surveying 2,061 British consumers, the data analytics firm found that more than one million new registrations were tracked during the tournament.

New Punters Reach for the Sky

Sky Bet emerged as the most attractive destination, with 25 percent of newbies taking advantage of the site’s online offers. In line with this stat, YouGov’s

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