Tag: uk
Betting And Gaming Council Calls On UK Chancellor To Reconsider “Stealth Casino Tax”
The Betting and Gaming Council (BGC), the UK’s only wagering and gaming industry body, has called on the Chancellor to reconsider indirect tax on land-based casinos, the [more…]
UK Government Backpedals From Gambling Advertising Ban
“Evidence-led” approach The UK government has taken a step back from a gambling advertising ban, claiming there’s “little evidence” of a direct link to harm. Stuart Andrew, [more…]
Damian Aspinall Loses Control of Stake in His Family’s Casino Empire Due to Unpaid £6m Mortgage
Damian Aspinall has reportedly lost his 35% stake in his family’s casino empire after he failed to repay his £6m ($7.6m) mortgage. Banking group Investec took control [more…]
UK Government Won’t Categorize Crypto Trading as Gambling Despite Report Recommendations
The UK government has no plans to categorize cryptocurrency trading as a form of gambling for regulatory purposes. more closely resemble gambling than a financial service.” A [more…]
Ocado mentions international ambitions in profit figures
Ocado has returned to profitability on a group level. The British online supermarket and solutions provider reported a gross profit (EBITDA) of 16.6 million pounds for the [more…]
UK Parents Will Decide if Children Can Access Video Game Loot Boxes Under New Guidelines
The main video games industry trade body in the UK has released new guidelines about the presence of loot boxes in video games. In one of the [more…]
The Adoption of Open Banking and Its Impact on the Payments Industry in the United Kingdom
The concept of open banking has gained hold globally in recent years, altering the financial services sector and revolutionizing how customers handle their accounts. The introduction of [more…]
Entain Spends Well Over $1bn in 2023 Acquisition Drive, Share Price Still Down
Entain has announced the acquisition of US sports forecasting and data analytics firm Angstrom Sports for a total consideration of £81m ($106m) “plus contingent payments totaling a [more…]
UK Man Blows £17,000 of His Dementia-Diagnosed Mom’s Savings on Gambling Machines
A Leeds Crown Court judge has sentenced Mark Thompson from Pontefract in West Yorkshire to a 20-month jail sentence for stealing from ill, elderly mother to gamble. [more…]
UK Regulators Set Up New Working Groups to Expand Open Banking
The Joint Regulatory Oversight Committee (JROC), which is co-chaired by the Financial Conduct Authority (FCA) and the Payments Systems Regulator (PSR), has set up ‘dedicated workstreams‘ for [more…]
AR app to help blind passengers navigate stations receives share of £2m funding
An augmented-reality app for visually impaired passengers to help them navigate stations is among a raft of transport technology projects being backed by government funding. The Department [more…]
Ivan Toney Suspended From Football For 8 Months For Violating FA Betting Rules
Ivan Toney, striker of the English football club Brentford, has been prohibited from participating in any football-related activities for 8 months. In this regard, the governing body [more…]
Jailed UK Mom Must Sell Car, House to Pay Back £1.6m Stolen to Fund Gambling
A mother from England who stole £1.6m ($2.2m) from her Derbyshire employer to fund her gambling habit will have to sell her home, her designer goods, and [more…]
UK Regulator Examines AI Impact
The UK Competition and Markets Authority (CMA) has announced an examination of the impact of AI on consumers and the economy, with a focus on foundation models. [more…]
UK Considers New DeFi Tax Regime
The UK government is seeking to make changes to the tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. HM Revenue and Customs has launched [more…]
Gambling Sector Expenditure on MPs Increased Tenfold in Five Years
According to a report by The Guardian, the amount of money that gambling companies spent on UK MPs increased tenfold over a five-year period. The media outlet [more…]
Experience 19th Century London In Yggdrasil’s and Jelly’s New Slot: Fury Of Hyde Megaways
On February 21, Yggdrasil, a Malta-based globally-recognized iGaming provider, signed an agreement with Jelly, an independent, globally recognized real-money game studio based in London, UK, and together [more…]
Have Fun In The Jungle In Blueprint Gaming’s New Slot: Jungle Fortune
On February 16, BluePrint Gaming, a leading slots developer based in the UK, released its Jungle Fortune slot, a jungle-themed slot that offers players a wild gaming [more…]
UKGC Issues Fine To Blue Star Planet
Blue Star Planet Limited, the Malta-based operator of the 10bet.co.uk website, has to pay a £620,000 fine to the UK Gambling Commission (UKGC) for breaching anti-money laundering [more…]
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call [more…]
UK Regulation of Cryptoassets – Another Glimpse but Still None the Wiser
By Judie Rinearson and Kai Zhang On 1 February, UK Government commenced another consultation on regulating cryptoassets (other initiatives consulted earlier remain being considered/legislated) which will close [more…]
