Category Archives: Ladbrokes

Shares in UK gambling firms fall £3bn amid talk of higher taxes in budget

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Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompts market selloff

Shares in British gambling companies have dropped sharply, reducing the stock market value of large operators by more than £3bn, after the Guardian reported that Treasury officials could tap the sector for between £900m and £3bn in extra taxes.

The chancellor, Rachel Reeves, has come under pressure from two influential thinktanks to raise taxes on the industry, as she pulls every available lever to plug a £22bn “black hole” in the nation’s finances.

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Tories face new questions over Sunak aide who placed bet on July election

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Labour has asked what role Craig Williams played in election date discussions and when party knew about bet

The Conservative party is facing new questions over the role Rishi Sunak’s closest parliamentary aide played in pre-election discussions before he placed a bet on the poll date days before it was announced.

Labour has written to Richard Holden, the Tory party chair, demanding more answers on the scandal that has further marred the party’s bruised election campaign.

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Ladbrokes adverts banned for attracting under-18s with football managers

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Advertising Standards Authority rules against two promoted tweets featuring Premier League coaches

The advertising watchdog has banned two adverts run by the sports betting business Ladbrokes for appealing to under-18s by featuring well-known Premier League managers including Frank Lampard and Eddie Howe.

The Advertising Standards Authority (ASA) launched an investigation into the two promoted tweets, published in January and February, after concerns that the use of images of managers of top flight teams would break UK rules banning ads that have a “strong appeal” to young people under 18 years old.

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Ladbrokes owner funded ‘dishonest’ lobbying against gambling reforms

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Campaign funded by Entain urging people to write to MP was shameful, says chair of parliamentary group

The owner of Ladbrokes, Entain, has been accused of “dishonest” lobbying after it funded an operation mobilising people to complain to their MP about proposals to reform gambling laws.

The government last month unveiled plans for tighter regulation, including measures it said would make gambling safer but would also reduce revenue for brands such as Coral and PartyCasino, owned by Entain.

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Ladbrokes fined nearly $80,000 for failing to stem damage from man who stole millions for gambling

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Regulator finds firm did not inquire as to source of Gavin Fineff’s funds and instead ‘provided attractive bonuses’

The sports wagering company Ladbrokes has been fined nearly $80,000 for serious breaches of its licence and failing to limit damage caused by Gavin Fineff, a financial adviser who stole millions of dollars from his clients to service his gambling addiction.

Fineff has pleaded guilty to multiple fraud-related offences in the New South Wales district court and is awaiting sentencing. He lost more than $8m to sports gambling, with much of that money belonging to friends and clients, some of them elderly and vulnerable.

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Revealed: how bookies clamp down on successful gamblers and exploit the rest

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Stake factoring is a way of grading customers according to their success and is widespread in the betting industry

On any given Saturday, Rory would spend several hours glued to a screen flickering with hundreds of football and horse racing bets placed by customers of the Irish bookmaker Paddy Power.

One of multiple insiders from firms including Paddy Power Betfair, Ladbrokes and William Hill who spoke on condition of anonymity, Rory was part of an obscure corner of the gambling industry that exists to maximise profits by clamping down on successful punters.

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