OCUK News Centre

Revolt Looms if Chancellor Philip Hammond Delays FOBT Changes

The fixed odds betting terminal (FOBT) debate is back in the spotlight after MPs on both sides of the political divide have warned that a lack of decisive action will lead to a revolt.

Talking to The Sunday People, sources have said Chancellor Philip Hammond will announce the date operators have to reduce the maximum stakes to £2 in his Budget speech at the end of October. However, with nothing set in stone, rumblings of discontent have started to reverberate through Westminster.

Cross-Section of MPs Back Immediate Action

Rallying against the indecision, Conservative MP Iain Duncan Smith has pushed back … Read more

Paddy Power Betfair Rocked Again After Accepting Stolen Money

Paddy Power Betfair has been served a financial blow by the UK Gambling Commission (UKGC) for failing to prevent stolen money from flowing through its exchange.

After the making the news public on October 16, the Irish operator agreed to pay a £2.2 million penalty package. According to the official notification, Paddy Power Betfair failed to correctly engage with to customers later identified as problem gamblers.

Stolen Fund Cost Paddy Power Betfair

As well as ignoring signs of addictive behaviour, the investigation found that the unnamed customers were using illicit funds to make bets online and offline.

“As a result

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Knives Out for Paschal Donohoe Following Irish Gambling Tax Hike

The Irish gambling tax rate will double from one percent to two percent next year following a recent announcement by finance minister Paschal Donohoe.

Outlined as part of the Irish government’s Budget 2019, the new levy will apply to retail and online bets from next year. As well as doubling the rate for traditional bookmakers, Donohoe has raised the tax rate on bets made through exchanges from 15 percent to 25 percent.

Reacting to the October 9 announcement, industry insiders described it as a critical blow for the industry. Within 24 hours, Irish betting brand Paddy Power Betfair saw £250 … Read more

Lucy Buckley Becomes Nektan CEO Ahead of Company’s US Push

Lucy Buckley will lead gaming operator Nektan’s US charge after being named as  chief executive officer (CEO) on October 9.

The appointment of Buckley comes after former chief executive Leigh Nissim resigned in July 2017. Bridging the gap between the appointment was Gary Shaw who will now become an executive director under Buckley.

Inspired Move Brings Buckley On Board

In taking the role, Buckley will resign as vice president of Interactive at Inspired Gaming Group and assume her new position on December 3.

According to Shaw, Buckley’s experience will play a key role in the company’s international expansion plans.


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GVC Holdings Leads Charge for Greater Social Responsibility

Chief executive of GVC Holdings Kenneth Alexander is taking the bull by the proverbial horns in an effort to improve social responsibility standards across the gaming industry.

In the wake of deputy leader of the Labour Party Tom Watson calling for a reduction in the number of gambling adverts on TV, Alexander has said that some sort of ban should be in place. Commenting on the company’s plans in an October 9 press release, the GVC chief have said he’s ready to see a ban on gambling averts before the 9pm watershed.

Getting Back On Track

Referring specifically to content … Read more

UK Casino Players to Get Better Deal with New Dispute Resolution Standards

UK casino and betting customers can expect a better level of service from now on thanks to new dispute resolution guidelines published by the Gambling Commission (UKGC).

Announced on October 1, the new standards will redefine how complaints are handled by all UKGC licensed operators. The finalised rules will come into effect on October 31 and the hope is they’ll streamline the reporting process and lead to fairer results for all concerned.

Raising Standards In All Areas

In practice, the alternative dispute resolution (ADR) guidelines will address seven key areas, including:

Defining the types of complaints operators are expected to … Read more

Golden Opportunity for William Hill Following US Sports Betting Deal

William Hill has forged a new deal with Golden Entertainment as part of its bid to become the leading sports betting brand in the US.

Just a month after agreeing to provide sports betting services to Eldorado Resort’s 21 US casinos, the UK-based operator has extended its existing agreement with Golden Entertainment.

Nevada and Beyond for William Hill

Under the terms of the new deal, William Hill will manage Golden Entertainment’s sportsbooks in three states. The new venture will start in Nevada where sports betting is already legal and see the British operator set-up shop inside four properties, including the … Read more

PokerStars Diversification Drive Continues as Sky Bet Takeover Completes  

PokerStars has completed its £3.4 billion takeover of Sky Betting & Gaming (SBG) to become the largest publicly-owned gaming company in the world. 

In an official press release, The Stars Group, said that the deal will create more opportunities across both verticals. One of main points outlined in the July 10 announcement was impact SBG will have on The Stars Group’s overall portfolio.

“This acquisition also Read more

Bet365 Betting on US Success with Hard Rock Atlantic City Partnership

UK betting firm Bet365 has forged a deal with the recently opened Hard Rock Atlantic City Casino, marking its first sports betting venture in the US.

The partnership was first signed on June 19 but wasn’t made public until July 3. As per the letter published by the New Jersey Division of Gaming Enforcement (NJDGE), Bet365 has been granted a temporary licence until July 31 while it works to obtain a full regulatory approval.

“The Division has completed its review of PRN 1761801, which seeks authorization to conduct sports wagering related business transactions between Boardwalk 1000, LLC, Hard Rock Hotel … Read more

NUS to Offer Free Responsible Gambling App Through Gamban Partnership

The National Union of Students (NUS) has moved to help those affected by problem gambling issues by partnering with app developer Gamban.

Following a report by the UK Gambling Commission (UKGC) which showed that 100,000 students have been in debt as a result of betting, the NUS has taken action. Through the new collaboration with Gamban, students across the UK will now be able to use a single app to manage their online gambling activities.

Free Help for Students

The desktop and mobile application will be free to anyone with a .ac.uk email address and will provide a one-stop-shop for … Read more