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Gambling giant ‘cashing in on coronavirus’
Gambling giant ‘cashing in on coronavirus’
1 hour ago
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Britain’s largest betting company has been accused of exploiting the pandemic as it reported a surge in business during the first three months of 2021.
Flutter – whose brands include Sky Betting and Gaming, Paddy Power and Betfair – saw its online revenue jump in the UK and Ireland by 35 per cent for the first quarter of the year, when compared to the same period in 2020.
The bookmaker also witnessed a 23 per cent year-on-year growth in monthly players, with its online business attracting 593,000 new customers over the same period.
The Leader Newspaper
Daily Spending Cap Proposed on UK Online Gambling
Daily Spending Could Be Limited in UK Gambling Industry
Under optimal circumstances, gambling can be partaken as a recreational activity. Accordingly, UK gambling regulations have been heightened in recent years to ensure that operators such as William Hill can be trusted to provide online gambling services with as much fairness, transparency, and safety as possible. As of April 2021, the latest proposal from UK MPs is to introduce a daily spending cap of £50 across online gambling sites.
UK Gambling Regulations Could Get Tighter
It has emerged that a cross-party group of MPs in the UK is lobbying for online gambling operators to implement a daily spending limit of £50. This proposed tightening of