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

British Betting Exchange Football Index Scores with Nasdaq Deal

British exchange Football Index has partnered with Nasdaq Inc in a deal that could revolutionise sports betting in the UK.

Announced on July 23, the partnership will see Football Index integrate Nasdaq’s financial trading technology into its platform. The aim is to develop a fully functional exchange that mirrors the financial services available on American investment platform.

Football Index Makes Betting Less Binary

At present, Football Index gives sports bettors that ability to buy shares in players. Unlike traditional football bets with a binary outcome (i.e. win or lose), the exchange allows investors to buy and sell shares based on … Read more

Loot boxes and skins are still not defined as forms of gambling but things could change if the government gets tough.

In a meeting with the digital, media, culture and sport select committee, the UK Gambling Commission (UKGC) said its position remains unchanged.

Following a call to outlaw loot boxes back in 2017, the gaming regulator stated that the in-game add-ons weren’t considered gambling. At the time, Secretary of State for Digital, Culture, Media and Sport Tracey Crouch said the contents of each box didn’t have any real-world value.

Loot Boxes Are Like Lotteries

When a player pays for … Read more

National Lottery Age Could be Raised Following Ministerial Outcry

Culture minister Mims Davies may increase the legal age for buying a National Lottery scratchcard to 18.

Addressing the House of Commons on July 16, Davies said that raising the current age limit from 16 would help protect children.

Following a recent report by the UK Gambling Commission (UKGC), one in 20 children aged between 11 and 16 have played the National Lottery. Aiming to tackle this issue, Davies has launched a consultation.

National Lottery Splits House

The plan sparked backlash from certain ministers who believe action should be taken now but the Conservative MP wants to take a measured … Read more

FOBT Changes Hurt GVC But Online Innovations Pay Dividends

The fallout from changes to fixed odds betting terminals (FOBT) is finally starting to bite according to GVC Holdings.

Publishing its H1 post close trading update on July 17, the owner of Ladbrokes Coral said retail revenue was down 10 percent.

Although the report said the downswing was less severe than expected, the reduction of FOBT betting limits to £2 was the primary cause.

April Changes Bite

In support of its analysis, GVC reported that Q2 like-for-like retail revenue dropped by 19 percent.

Changes to class B2 betting terminals (aka FOBTs) came into force in April. In the weeks that … Read more

Brit Student Stuns Crowd with £1.2 Million WSOP Win

University dropout turned poker player Nick Marchington has defied the odds by winning £1.2 million at the World Series of Poker (WSOP).

Competing at the annual poker festival, Marchington made the final table of the Main Event. Regarded as poker’s world championship showpiece, the young player paid $10,000/£8,000 to join 8,569 hopefuls.

WSOP Win Marks Career-High for Marchington

Although he failed to win a coveted WSOP bracelet, the 21-year-old did scoop the biggest payout of his career. What’s more, his achievement suggests his decision to leave university early was a wise one.

Taking up poker while at the University of … Read more