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....It would send an unfortunate message about British banking if the Co-op brand, which still maintains its ethical policy, were to disappear from the market. This ethical policy means, among other rules, that the bank does not invest in companies selling arms to oppressive regimes, does not support organisations offering payday loans, and has a strict approach to gambling. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:02:24 AM
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Latest Finance News related to Gambling

Wall Street’s love affair with Trump cools as healthcare bill sows welcome doubts image
....It would send an unfortunate message about British banking if the Co-op brand, which still maintains its ethical policy, were to disappear from the market. This ethical policy means, among other rules, that the bank does not invest in companies selling arms to oppressive regimes, does not support organisations offering payday loans, and has a strict approach to gambling. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
.... A life insurance company, by contrast, does little else. Legally and culturally, there is a clear distinction between gambling and insurance. ...
In the Hunt image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:41 AM
...."We need to find ways to be interesting and relevant to young people on their terms, including through digital channels, new technologies and the mainstream appeal of our media partners," says Mr Bazalgette. Meanwhile, from April, British horse racing will benefit from mandatory contributions from all major gambling businesses that take bets on the sport in the UK. ...
Gamblers 'lost more than £10,000' on fixed-odds betting terminals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:49:55 PM
....Seven gamblers lost more than £10,000 in a day while using controversial fixed-odds betting terminals (FOBTs) during a 10-month period, it has emerged. The losses, revealed in a submission to the government’s gambling review by the GambleAware charity, has sparked renewed criticism of FOBTs. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
....It also warned of the potential that a government review will lead to a crackdown on fixed-odds betting terminals, which pulled in £1. 7bn for gambling firms last year. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....Obviously, the bookies typically win, as the odd-setters have the twin advantages of mathematics and not being (quite so) kaylied. But every now and again favourites romp home all week, which can ruin the year for gambling investors. ...
William Hill's potential next CEO backs curbs on TV gambling adverts image
Source : Guardian [Read Article] Friday 24th of February 2017 05:53:03 PM
. The man tipped to lead the UK’s second-biggest bookmaker has broken ranks with the industry by offering support for a curb on TV gambling adverts. ...
Betting turf war is torpedoing efforts to help problem gamblers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
. Problem gambling experts have criticised rival factions of the betting industry for waging a “selfish” war of words to protect their own interests amid the threat of tighter regulation. ...
Savers warned: Here are the 10 big ISA mistakes to AVOID ahead of deadline  image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 05:57:00 PM
.... High expectationsToo many investors start out hoping to make an instant buck over, according to Mr Lowcock. He said: "Investing is about getting rich slowly, while gambling is for those looking to get rich, or poor, quick. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
.... In the end we get it all. ” As this page is fond of pointing out, that’s how Robert De Niro’s character, Ace Rothstein, explained the gambling industry in the 1995 film Casino. ...
Bookmakers face losing their licence and huge fines over problem gambling image
. Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
....”. Harris leads a cross-party parliamentary group advocating a reduction in the maximum stake from £100 to £2 on fixed odds betting terminals (FOBTs) – sometimes referred to as the “crack cocaine” of gambling due to their addictive nature. ...
William Hill profits hit by 'customer friendly' results image
Source : BBC [Read Article] Monday 9th of January 2017 08:20:03 AM
....William Hill has been the subject of much merger speculation. Last October, it pulled out of merger talks with Canadian online gambling company Amaya Inc after major investors objected. ...
Gambling firms charmed MPs ahead of betting review in 2016 image
Source : Guardian [Read Article] Sunday 1st of January 2017 05:37:37 PM
....Gambling firms staged a charm offensive during 2016, spending more money on adverts and stepping up the hospitality they offer MPs, who are considering a regulatory crackdown. The industry has come under the spotlight amid concern about its commitment to curbing problem gambling and fears about the influence that daytime TV adverts have on children. ...
Wonder why so many BHS workers are relying on charity? Here’s what we face | Grant Atterbury image
.... Besides, he’s not paying a penny until his poor, bewildered patsy, Dominic Chappell, puts up some money. It occurs to me, in hindsight, that given the extent to which the odds seemed stacked against it this summer, I could have spared myself my current financial woes by gambling a small portion of my redundancy payment on the fact that the “king of retail” would still be clutching his knighthood by the start of 2017. ...
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
....Others named include Mr Najib's stepson, Riza Aziz, Malaysian financier Low Taek Jho, Malaysian Eric Tan, a United Arab Emirates official and a US citizen. The US alleges money was used to buy hotels and luxury properties, a private jet, yacht trips, fine art and gambling trips, including one with actor Leonardo DiCaprio. ...
James Packer retreats from China with sell-off of Crown's overseas casinos image
Source : Guardian [Read Article] Thursday 15th of December 2016 05:58:11 AM
. The casino magnate James Packer has scaled back the international ambitions of his gambling empire in a dramatic strategy shift that will see him concentrate on his Australian business. ...
Japan parliament legalises casinos image
Source : BBC [Read Article] Thursday 15th of December 2016 12:38:33 AM
....But it added that Japan would also have to differentiate itself to attract gamblers in Asia who already can choose to visit casinos in Singapore, Macau, the Philippines, and South Korea. Politicians have clashed over plans to legalise casinos in Japan for the past 15 years, with strong opposition based largely around fears of gambling addiction and other social fall-out such as organised crime. ...
Gambling shares up on Japan casino vote image
Source : BBC [Read Article] Wednesday 14th of December 2016 01:04:38 AM
. Shares in some of the world's biggest gambling firms have rallied after the legalisation of casinos in Japan moved a step closer. ...
FTSE 100 extends gains to close up 1% image
Source : BBC [Read Article] Tuesday 13th of December 2016 09:15:09 AM
....Antofagasta fell 4% and Billiton 3%. In the FTSE 250, Paysafe Group fell 17% after it denied allegations from Spotlight Research that claimed the company was enabling both illegal gambling and Chinese capital control evasion. ...
Courtside gambling ads dumped from Australian Open image
Source : BBC [Read Article] Friday 9th of December 2016 05:44:59 AM
....However, the scandal renewed criticism of the betting agency's deal in 2015 to become the Australian Open's "official betting partner". Anti-gambling campaigners said the agreement represented a problematic deepening of ties between large bookmakers and the sport. ...
MPs recommend clampdown on fixed-odds betting machines image
Source : BBC [Read Article] Thursday 8th of December 2016 01:04:05 PM
....Shares in William Hill fell more than 7% and Ladbrokes Coral shares fell more than 6% after the MPs' announcement. Fixed-odds betting terminals (FOBTs) are gambling machines, normally located on bookmakers' premises, where players can stake large amounts of money on games such as roulette. ...
Cut fixed-odds betting stakes to £2, MPs urge image
Source : Guardian [Read Article] Thursday 8th of December 2016 12:28:54 PM
....The amount gamblers can stake on controversial fixed-odds betting terminals (FOBTs) should be slashed and councils given powers to stop bookmakers “clustering” betting shops on high streets, an influential group of MPs has said. The recommendations, timed to coincide with a government review of betting machines, won support from gambling campaigners but were dismissed as a “kangaroo court” by bookmakers. ...
Spread-betting industry loses £1bn after City watchdog steps in image
Source : Guardian [Read Article] Tuesday 6th of December 2016 09:31:02 AM
.... The fall knocked about £90m off the value of Cruddas’s 57% stake in the company. AIM-listed Plus500 lost 28%, or £160m, as its shares tumbled to 388p, and shares in Playtech, which makes gambling software, also fell. ...
Nearly half a million children a week gamble, says UK regulator image
Source : Guardian [Read Article] Wednesday 30th of November 2016 04:19:55 PM
....Nearly half a million children a week gamble and 9,000 are problem gamblers, according to a study by the industry regulator. The Gambling Commission’s Young People and Gambling report(pdf) found that while rates of smoking, drinking and drug-taking among children have declined, gambling rates have remained largely static, with 450,000 11- to 15-year-olds involved in the activity each week. ...
What you need to know about funding your golden years image
Source : Daily Express [Read Article] Wednesday 30th of November 2016 12:01:00 AM
....Going down. Patrick Connolly, certified financial planner at Chase de Vere, fears that many people who have gone into drawdown are gambling with their future standard of living. ...
Crown Resorts staff held in China are formally arrested image
Source : BBC [Read Article] Wednesday 23rd of November 2016 04:38:34 AM
. Three Australian employees of gambling group Crown Resorts, who were detained in China last month, have been formally arrested. ...
Bond bubble could burst with explosive impact image
Source : Guardian [Read Article] Monday 14th of November 2016 08:06:30 PM
.... Prepare to see them soon: the bond bubble has been 30 years in the making and it won’t deflate painlessly. It should not be news that a gambling company is appointing to its board some non-executives with experience of the gambling industry. ...
25 texts and emails a day: how payday loan firms hound vulnerable borrowers image
Source : Guardian [Read Article] Saturday 12th of November 2016 07:00:43 AM
....Jones, who is in his early 40s and has a wife and young son, is upfront about the fact he opened the door to these lenders. A gambling addict, he took out short-term loans over a few years, his debts mounting up until he became insolvent in late 2014. ...
US voters chose candidate with a more radical approach to economy image
Source : Guardian [Read Article] Wednesday 9th of November 2016 07:53:12 PM
.... Hillary Clinton’s proposals were cautious, costed and conservative. By contrast, the president-elect is gambling that he can shift the US out of its post-financial crisis torpor through a mixture of tax cuts and spending increases even though they run the risk of higher inflation and a bigger budget deficit. ...
Football Pools sale called off by owner Sportech image
Source : BBC [Read Article] Tuesday 1st of November 2016 09:25:47 AM
....25m. But the discussions with Burlywood, a group of gambling industry investors, have now been terminated. ...
Government to review 'fixed-odds' gambling machines image
Source : BBC [Read Article] Monday 24th of October 2016 04:26:46 PM
. The government is to review gambling machines amid concerns they may harm vulnerable people. ...
Online gambling companies probed by CMA over winnings image
Source : BBC [Read Article] Friday 21st of October 2016 05:01:25 AM
. Online gambling firms may be breaking the law by making it very difficult for players to collect their winnings, the competition regulator has said. ...
Australia gambling giants Tabcorp and Tatts plan merger image
Source : BBC [Read Article] Wednesday 19th of October 2016 12:41:38 AM
.... . Tabcorp and Tatts Group - the country's largest non-casino gambling firms - hope to form a business worth A$11. ...
Australian casino shares tumble after China arrests image
Source : BBC [Read Article] Monday 17th of October 2016 06:58:25 AM
....Among those arrested was a senior executive in charge of attracting high-rollers to Australia. Most gambling is illegal on mainland China, and soliciting its citizens to gamble overseas is also banned. ...
Tesco price row: Unilever CFO defends cost hike against Brexit backdrop image
Source : Guardian [Read Article] Thursday 13th of October 2016 07:44:47 AM
....”. Nick Lee, professor of marketing at Warwick Business School, said both Unilever and Tesco were gambling on their customers being loyal: “They need each other but are jockeying for best position in a new uncertain environment. ...
William Hill in £4.5bn merger talks image
Source : BBC [Read Article] Sunday 9th of October 2016 10:52:36 AM
.... Interim chief executive, Philip Bowcock, said the first half of the year had been challenging as the company battled problems with its online business. Other recent mergers in the gambling industry include a £2. ...
FTSE 100 back above 7,000 as pound slides image
Source : BBC [Read Article] Friday 7th of October 2016 07:58:57 AM
....7% lower. In the FTSE 250, shares in William Hill and Ladbrokes were both lower after a report in the Times said gambling companies could be banned from advertising on TV during the day. ...
Tech Talent image
Source : BBC [Read Article] Sunday 18th of September 2016 11:00:39 PM
Pensioner property wealth in Britain hits a MASSIVE £1 trillion image
Source : Daily Express [Read Article] Sunday 18th of September 2016 12:01:00 AM
YouTuber Nepenthez charged over video game gambling site image
Source : BBC [Read Article] Friday 16th of September 2016 11:08:40 AM
....Two men have appeared in court charged with offences under the Gambling Act in what is believed to be the first prosecution involving betting on video games. Craig Douglas and Dylan Rigby, who are both from Essex, are charged with promoting a lottery and advertising unlawful gambling. ...
Football Pools to be sold for nearly £100m image
Source : BBC [Read Article] Tuesday 13th of September 2016 07:20:38 AM
....The Football Pools is being sold for £97. 25m by current owners Sportech to a group of gambling industry investors. ...
Why did Sir Richard Branson take on Jeremy Corbyn? image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:01:53 AM
.... . Two decades ago he staked his reputation in two high-profile libel trials, the first against British Airways over the "dirty tricks" affair, and the second against Guy Snowden, then chairman of the American gambling technology company GTech. ...
Ramen noodles 'are most valuable US prison commodity', study suggests image
.... . Others use them as bargaining chips in gambling when playing card games or participating in football pools. ...
William Hill bidders abandon three-way deal plan image
Source : BBC [Read Article] Thursday 18th of August 2016 04:17:08 PM
....". Rank and 888 said a combination of the three business could have resulted in £100m of cost savings a year and would have created Britain's "largest multi-channel gambling operator". ...
William Hill rejects revised offer from Rank and 888 image
Source : BBC [Read Article] Monday 15th of August 2016 07:08:23 AM
....". Casino and bingo hall operator Rank and online gambling group 888 said that the proposed new combination would create the UK's largest multi-channel gambling operator by revenue and profit. ...

Nigel Farage’s aide arrested as FBI probe links to money laundering and ‘drug traffickers’
 image
....Cottrell’s bank and email accounts have been frozen, leaving Mr Farage unable to access his personal diary, it has been claimed. Documents filed at the US District Court in Illinois allege Cottrell has a ‘serious, years-long gambling problem, which inherently suggests a strong possibility of irrational risk taking’ and that he poses a ‘serious flight risk’. ...
William Hill in gambling takeover spat with Rank and 888 image
Source : BBC [Read Article] Thursday 11th of August 2016 11:27:19 AM
....". Casino and bingo hall operator Rank and online gambling group 888 had said on Wednesday that the proposed new combination would create the UK's largest multi-channel gambling operator by revenue and profit. ...

Dozens of New York mobsters arrested by the FBI with names such as 'Muscles', 'Tony the Cripple', 'Mustache Pat' and 'Tugboat'
 image
....The arrests spotlight an Italian mafia purportedly alive and kicking in 21st century America, not confined to Hollywood legend, and one which prosecutors said has diversified in keeping with the times. The defendants are accused of orchestrating a vast criminal enterprise that stretched from Massachusetts to Florida, engaging in extortion, arson, fraud, illegal gambling, firearms trafficking and assault. ...
Trump Taj Mahal casino to shut down after years of losses image
Source : BBC [Read Article] Thursday 4th of August 2016 12:33:44 AM
.... . Atlantic City used to be the only gambling centre on the US east coast, but is now struggling with competition from casinos in neighbouring states. ...
Net overload 'sparks digital detox for millions of Britons' image
Source : BBC [Read Article] Wednesday 3rd of August 2016 11:02:20 PM
...."That is not a recognised psychiatric disorder. This is more about everyday frustrations, not something as serious a problem as gambling or alcohol use. ...
Asian markets shrug off weak US data image
Source : BBC [Read Article] Monday 1st of August 2016 01:38:44 AM
....5% to an eight-year high at one point following the news that the exchange had appointed a new chief executive. Dominic Stevens replaces Elmer Funke Kupper, who resigned in March after police investigated allegations of bribery at gambling and betting firm Tabcorp, which Mr Kupper had previously headed. ...
Ladbrokes-Gala Coral must sell 350-400 shops to clear merger image
Source : BBC [Read Article] Tuesday 26th of July 2016 07:00:44 AM
.... . However, on Monday, the current market leader, William Hill, was approached by rival gambling companies 888 and Rank Group about a merger. ...
William Hill approached by 888 and Rank for gambling merger image
Source : BBC [Read Article] Sunday 24th of July 2016 06:36:19 PM
. UK betting firm William Hill has been approached by rival gambling companies 888 and Rank Group about a merger. ...
1MDB: Malaysia 'will co-operate' with US fraud investigation image
Source : BBC [Read Article] Thursday 21st of July 2016 05:29:55 AM
.... He has always denied any wrongdoing. There is no allegation that Mr Najib spent any of the money but people close to him are accused of using billions of dollars to buy jewellery, art and luxury properties; pay gambling expenses; and hire musicians and celebrities to attend parties. ...

US justice department seeks to recover $1bn from Malaysian fund used to pay for Wolf of Wall Street film
 image
....82 million) in an investigation of money related to the fund for possible money laundering. The fund in the US was also used to pay for a private jet, gambling expenses in Las Vegas casinos, a London interior designer, and rights to music owned by label EMI. ...

Saudi Arabia renews fatwa for Pokémon Go
 image
Source : Telegraph [Read Article] Wednesday 20th of July 2016 05:54:52 PM
....Saudi Arabia's top clerics have renewed a religious edict that warns against playing Pokemon - this time against the wildly popular mobile phone application Pokemon Go. First issued in 2001 when the game was played with cards, the decree says Pokemon violates Islamic prohibitions against gambling, uses devious Masonic-like symbols and promotes "forbidden images". ...
Malaysia 1MDB investigation: US seeks to seize $1bn in assets image
Source : BBC [Read Article] Wednesday 20th of July 2016 01:51:40 PM
....The US justice department alleges the "misappropriated" funds financed lavish lifestyles of "multiple individuals including public officials". There is no allegation that Mr Najib spent any of the money but people close to him are accused of using billions of dollars to buy jewellery, art and luxury properties; pay gambling expenses; and hire musicians and celebrities to attend parties. ...
'He haemorrhaged money': the bereaved parents taking on the gambling industry image
.... Promotional adverts from betting companies are regularly sent to Ryan, which infuriates his father. Two years ago, Ryan killed himself after struggling with a secret gambling addiction. ...
Ask.fm changes hands once again image
Source : BBC [Read Article] Monday 4th of July 2016 03:28:15 PM
....It has not commented on its change of heart or revealed the sale price. California-based Noosphere's other investments include the online gambling services Betcore and Murka, and the cybersecurity provider Cyber Safety Unity. ...
Stock market panic? It'll be much worse if Britain votes leave image
Source : Guardian [Read Article] Tuesday 14th of June 2016 06:31:54 PM
.... Well done, the MPs, for ensuring we hear them. Is the Gambling Commission getting tougher? Well, the financial penalties for disobeying anti-money laundering and responsible gambling rules are becoming bigger. ...
Gambling Commission orders Betfred to pay £800,000 image
Source : Guardian [Read Article] Tuesday 14th of June 2016 09:33:51 AM
....Betfred, based in Gibraltar, was found to have failed to meet its obligations on social responsibility and the prevention of money laundering, after taking thousands of pounds from the convicted thief Matthew Stevens. The accountant pleaded guilty to two counts of theft earlier this year, after funnelling cash out of the business he worked for in order to fund his gambling habit. ...
Early exit from Euro 2016 'could crash stock market' but win will give economy huge boost  image
.... Companies that could see a boost include Just Eat, Sainsbury's, Ladbrokes, easyJet, Sports Direct and Halford, according to Laith Khalaf, senior analyst at Hargreaves Lansdown. Retail, pubs, clubs and gambling firms are among the more general sectors that could score a win if British stars and teams perform well. ...
JP McManus tax refund demand rejected by US authority image
Source : Guardian [Read Article] Friday 3rd of June 2016 06:21:32 PM
....Gores, who is said to count actor Ben Affleck among his celebrity acquaintances, withheld the cash and handed it over to the federal tax collectors. As part of the legal stand-off, McManus has been asked to provide details about the astonishing three-day gambling stint. ...
This time in the euro debt crisis, the IMF will come bearing gifts for the Greeks image
....Another Sunday, another vote in the Greek parliament, another self-imposed punishment beating as the parliament in Athens votes through fresh austerity measures. There will be higher VAT and an increase in taxes on all the pleasures of life: coffee, booze, fags, gambling, even pay TV. ...
City News: Smashburger, Ladbrokes, Moss Bros image
Source : Daily Express [Read Article] Saturday 21st of May 2016 02:56:00 PM
....3billion merger, the Competition and Markets Authority has said. The CMA found that the merger could “result in a substantial loss of competition” in the gambling market at both a national and local level. ...
Revealed: none of Britain's 'unicorns' openly support Brexit image
Source : Guardian [Read Article] Monday 16th of May 2016 06:00:28 AM
....Offering online “fantasy sports” to a predominantly American userbase, FanDuel was founded in Edinburgh in 2009. Although its headquarters have jumped around the place, legal issues related to whether playing fantasy sports for money constitutes gambling have left it with one foot firmly in Britain. ...
TUI waves bon voyage to niche brands  image
Source : Daily Express [Read Article] Thursday 12th of May 2016 10:01:00 AM
.... . The FTSE 250 bookmaker has also felt the impact of online customers’ self-imposed time-outs in measures introduced to curb problem gambling. ...
The great leap upward: China's Pearl River Delta, then and now image
Source : Guardian [Read Article] Tuesday 10th of May 2016 10:42:14 AM
....1980 population: 243,000; 2015 population: 584,000. Since the Portuguese legalised gambling in Macau in the 1850s, the city has developed into the “Monte Carlo of the Orient”. ...
The great leap upward: China's Pearl River Delta, then and now image
Source : Guardian [Read Article] Tuesday 10th of May 2016 10:42:14 AM
....1980 population: 243,000; 2015 population: 584,000. Since the Portuguese legalised gambling in Macau in the 1850s, the city has developed into the “Monte Carlo of the Orient”. ...
Leicester title odds prove an own goal for William Hill image
Source : Daily Express [Read Article] Sunday 8th of May 2016 11:31:00 AM
. The market also expects chief executive James Henderson to say that trade during the first three months of the year has been hit by new measures to combat problem gambling, which has seen more people take “time outs” and exclude themselves from gambling. ...
Donald Trump given a fighting chance by ailing US economy image
Source : Guardian [Read Article] Sunday 8th of May 2016 10:08:20 AM
.... Would America opt for experience or the self-styled outsider? Trump does not have a coherent programme and it may well collapse under the intense scrutiny of the next few months. But he is gambling that what he says will have an appeal at a gut level and will contrast with the dry arguments presented by his opponent. ...
Gala Coral pays out £880,000 over gambler who stole to feed habit image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:49:09 AM
. The bookmaker Gala Coral has agreed with the gambling regulator to pay out nearly £880,000 after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...
Bookies lose £60m after 'worst-ever' Cheltenham Festival image
Source : Guardian [Read Article] Thursday 21st of April 2016 11:26:31 AM
.... Ladbrokes offered punters money back on first races, and other bookmakers offered best price on every race. Mullen told analysts that while bookmakers were in the gambling industry, they should not gamble themselves. ...
Institute of Directors weighs in on BP chief executive's pay award image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:32:45 PM
.... Shareholders expect to see value for money and long-term strategic thinking in exchange for high pay packets – not the pursuit of high-risk, high-cost projects like the controversial Great Australian Bight proposal. “Investors will be keen to know how BP can justify a 20% increase in Bob Dudley’s pay when the company appears to be gambling on a project with the potential to become a second Deepwater Horizon. ...

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