Friday, December 3, 2021

Tag: paddy power

Bring online stakes in line with land based bookies say parliamentary group

Houses of Parliament Parliamentary Group call for online stakes to be in line with land based bookies
A group of MPs, Lords and clergymen have written to the Daily Telegraph to ‘demand’ the government takes “bold” action in its gambling review.

Flutter limits under-25s to £500 in losses per month

Flutter Paddy Power Betfair affordability
Flutter has become the first bookmaker to limit the amount young gamblers can lose to £500 per month.

High price for government roadmap: Delayed AGC opening will cost the sector £40 million in lost income

AGCs not reopening with retail
Estimates calculate the decision to keep AGCs closed for an extra five weeks until May 17 will cost the industry over £1.2 million in turnover each day. For a sector already on its knees after almost a year of closure, the notion that AGCs are not as Covid reliable as betting shops is proving to be an expensive piece of regulatory idiocy.

Paddy Power Betfair downplays FOBT cut

Gambling giants Paddy Power Betfair has claimed that it can weather the £2 stake cut to FOBTs, standing in stark opposition to many other sires of ruin within the industry. The bold assertion comes as the company reported a four per- cent rise in profits for the first half of 2018 with totals hitting £106m. A statement from the firm...

Paddy Power founder: Industry must tackle online problem gambling

stewart kenny paddy power
The founder and former chief executive of Paddy Power has criticised the company’s response to online problem gambling, the Times has reported. Stewart Kenny, who co-founded the bookmaker and was on the board until 2016, also called on the industry to limit the amount of money people lose online. He told The Times that mandatory limits were needed on money...