Hello and welcome to the SBC News 90, here’s today’s top stories:
The UK Gambling Commission has issued a £2.8 million penalty notice to BoyleSports following anti money laundering failures related to its UK online casino and sportsbook subsidiaries.
Concluding its investigation into AML failings, the UKGC has imposed further conditions on the operator, requiring the company to drastically improve reporting of transactions, upgrade its AML controls and all-round staff and management training.
Flutter Entertainment has reported a strong Q3 2020, with double-digit growth across all core metrics as group revenues topped 1.32 billion bounds.
Across the UK and Ireland, flagship brands Paddy Power Betfair and Sky Betting and Gaming saw rises in revenue of 32% and 26% respectively.
Gaming was the key driver for growth at Paddy Power Betfair, recording a 31% increase in revenues during Q3, while sports betting grew by 12%.
Ahead of the UK government review of the 2005 Gambling Act, two Conservative MPs have taken on roles to advise the sector on responsible gambling and customer service.
Laurence Robertson is to work alongside the Betting and Gaming Council as the trade body’s parliamentary adviser on sport and safer gambling initiatives. Robertson said he would not advocate for the betting industry nor would he make submissions to the gambling review on behalf of the cross-party parliamentary group on betting and gaming.
Philip Davies had accepted a consultancy role at GVC Holdings to advise on responsible gambling initiatives and customer service standards. However, GVC has confirmed that Davies no longer works for the company.
That’s all for today, I’ll be back tomorrow for your next SBC News 90.