Gambling Industry News

ESPN Terminates Penn Partnership As DraftKings Takes Charge

ESPN Terminates Penn Partnership As DraftKings Takes Charge

ESPN has terminated its sports betting partnership with Penn Entertainment, paving the way for DraftKings to take charge. The multiplatform sports media firm, owned by the Walt Disney Company, ended its agreement with Penn not long after agreeing a ten-year, $2 billion deal back in 2023. In July, analyst Jeffrey Stantail revealed it was increasingly […]

MPs Say Betting Firms ‘Scaremongering’ Over Gambling Tax Rise

MPs have urged Rachel Reeves to move forward with gambling tax hikes despite bookmaker ‘scaremongering.’ In a report by the Treasury Select Committee, MPs accused betting firms of exaggerating the damage tax rises could cause to the industry. They encouraged the Chancellor “not to cave into industry scaremongering” and argued taxes should accurately reflect the […]

NBA Officials Discuss Gambling Probes With Congress Following Stunning Indictments

NBA officials met with a United States congressional committee to discuss the gambling probes that resulted in stunning indictments. According to ESPN, the meeting was considered an informational sit-down for members of the House Committee on Energy and Commerce – including conversations about the league’s partnerships with sportsbooks and measures to prevent illegal use of […]

Northern Ireland Assembly Group Urges Reeves To Abandon Harmonisation Plans

The Northern Ireland Assembly’s All-Party Group on Reducing Harm Related to Gambling has called for a closer look on tax hike proposals. The cross-party group wrote a letter to Chancellor Rachel Reeves expressing concern regarding the Treasury’s plans to harmonise tax rates across different remote gambling products. The group thinks standardising tax rates would contradict […]

Gambling Commission Fine NetBet £650k In Anti-Money Laundering Failures

Gambling Commission Fine NetBet £650k In Anti-Money Laundering Failures

The Gambling Commission has ordered NetBet to pay £650,000 in anti-money laundering (AML) and social responsibility failures. NetBet, which operates the UK’s Netbet.co.uk website, will pay the penalty as part of a settlement with the watchdog and all funds will go to socially responsible causes. Just last month, the operator behind major UK gambling firm […]

NHL Star Arthur Kaliyev ‘Stole $50,000 To Fuel Gambling Addiction’

NHL Star Arthur Kaliyev ‘Stole $50,000 To Fuel Gambling Addiction’

NHL star Arthur Kaliyev has been accused of stealing $50,000 from his ex-girlfriend to fuel a gambling addiction. Kaliyev’s former partner, adult-content model Lauren Mochen, claimed the Belleville Senators forward borrowed large sums of money from her, asked for access to her PayPal account and used her to cash fraudulent checks. In a series of […]

Isaac Dulgarian Axed By UFC Amid Allegations Of Fight Fixing

Isaac Dulgarian Axed By UFC Amid Allegations Of Fight Fixing

Isaac Dulgarian has been axed by the UFC amid allegations of fight fixing. The featherweight was cut from Dana White’s roster just one day after falling to defeat at UFC Vegas 110 on Saturday, where he submitted to a rear-naked choke three minutes and 41 seconds into the bout. Suspicious betting patterns emerged in the […]

Gambling Commission Shuts Down Leeds’ Victoria Gate Casino

Gambling Commission Shuts Down Leeds’ Victoria Gate Casino

Victoria Gate Casino has had its license suspended due to serious concerns regarding anti-money laundering and counter-terrorist financing risks. The Leeds venue was closed on Friday after the Gambling Commission withdrew its operating license and started an investigation into ‘significant failings.’ The UK watchdog said a compliance assessment had flagged concerns the casino ‘failed to […]

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Gambling Industry News

FBI Gambling Probe Target Damon Jones ‘Used NBA Championship Ring As Collateral’

Former NBA player Damon Jones, currently at the centre of an FBI gambling probe, allegedly used his championship ring as collateral. Jones was arrested last month amid charges that he disclosed privileged injury information about a ‘prominent’ basketball player to facilitate illegal sports betting. That player, according to ESPN, is Los Angeles Lakers superstar LeBron […]

Gambling Industry News

Rachel Reeves’ Proposed Gambling Tax Rise Will Not Include Horse Racing

Horse racing will not be included in Chancellor Rachel Reeves’ proposed gambling tax rises. First reported by the Telegraph, Reeves is set to focus on gaming machines and online casinos to raise around £1 billion in extra funds for the Treasury. As it stands, Machine Games Duty (MGD) and Remote Gaming Duty (RGD) is taxed […]

Gambling Industry News

YouTube Tightens Restrictions On Gambling Content

YouTube has announced it is tightening restrictions on gambling content. The online video sharing platform wants to strengthen the protection of vulnerable audiences from gambling content as well as graphic video game violence. In September, a GambleAware study revealed that 87% of young people had viewed gambling content on the internet through platforms such as […]

Gambling Industry News

New Zealand Want Increased Gambling Tax To Fund Social Communities

New Zealand want to increase online gambling tax to fund social communities. A new draft provision to increase social funding has been put forward in parliament, that would see the intended Offshore Gambling Duty being raised from 12% to 16% – with the 4% difference set aside for community initiatives. The move comes as part […]

Gambling Industry News

SEC Urges NCAA To Reconsider Decision Allowing Athletes To Bet On Pro Sports

The SEC has urged the NCAA to reconsider its decision to allow athletes to bet on professional sports. In a memo sent to the NCAA, SEC commissioner Greg Sankey described the move as a ‘major step in the wrong direction’ and called for plans to be withdrawn. Following a discussion on the topic during in-person […]

Sportsbetting News

BGC Head Tells MPs Gambling Does Not Cause Any ‘Social Ills’ Ahead Of Autumn Budget

The head of the UK’s main betting and gaming lobby group told MPs that gambling does not cause any social ills. Grainne Hurst, chief executive the Betting and Gaming Council (BGC), made the statement to parliament’s Treasury select committee on Tuesday. “I would disagree that there are social ills as a result of it. I […]

Gambling Industry News

William Hill Reports Revenue Increase Weeks After Threatening To Shut Betting Shops

The operator behind William Hill, Evoke, has reported an increase in revenue just weeks after threatening to shut betting shops. Evoke said it is making “good progress” in its turnaround efforts as sports betting helped push stronger revenues. Shares in the gambling group moved higher in early trading as a result and shareholders were told […]

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