Recent reports have sent shockwaves through London’s financial sector, suggesting that Denise Coates, founder of Bet365 and Britain’s richest woman, is considering selling the online gambling giant. Investment bankers across
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The billionaire owners of Bet365 are reportedly exploring the sale of their gambling enterprise for a valuation of £9 billion. Founded by Denise and John Coates in 2000, the group
Bet365, the prominent gambling company founded in Stoke-on-Trent, has announced its decision to cease operations in the lucrative Chinese market. This unexpected move comes as the company aims to refocus
The online betting giant Bet365 has announced its decision to cease operations in the Chinese market. This move comes as part of a broader strategy to concentrate its resources on
The owner of Ladbrokes and Sportingbet, Entain, has expressed confidence in meeting market expectations for 2025 following a strong performance in 2024. The company reported underlying adjusted earnings of £1.09
Corrinne Durber, a gardener from Gloucestershire, has won a decisive high court victory against Paddy Power, compelling the gambling company to pay her jackpot prize of £1,076,867.57. The dispute arose
In a significant development for the UK gambling sector, online casino and sports betting operator Stake has announced its imminent withdrawal from the British market following a controversial marketing campaign
Gambling companies in the UK have been exposed for secretly sharing user data with Facebook’s parent company, Meta, in breach of data protection laws. The findings reveal that these firms
The Financial Reporting Council (FRC) has launched an investigation into KPMG’s audit of betting giant Entain, adding fresh scrutiny to the Big Four accountancy firm’s practices. The probe, initiated in
A significant shareholder rebellion has erupted at Playtech over a contentious €100 million cash bonus scheme for senior executives. The FTSE 250 gambling technology group faced strong opposition at Thursday’s
The FTSE 100 gambling behemoth Entain has been dragged into legal proceedings by Australia’s financial crime watchdog over alleged “systemic failures” in its anti-money laundering protocols. The Australian Transaction Reports
Sales at the National Lottery have declined under its new Czech operator Allwyn International, with delays to new games and technological implementations weighing heavily on performance during the crucial transition
In a significant move towards addressing gambling-related harm, the British Labour government is preparing to implement a mandatory £100 million annual levy on gambling companies. The initiative, expected to be
Rachel Reeves, the Labour Chancellor, is under scrutiny for declining to implement a potential £900 million tax increase on online casinos in her inaugural budget. The decision has sparked debate
The value of the British gambling sector has dropped dramatically, reducing it by more than £2bn. This is after the Guardian reported Treasury officials may be able to collect between
After a report that Treasury was considering a £3billion tax raid on this sector, the biggest bookmakers in Britain saw their market values plummet by billions. Entain (formerly 888.com), Flutter,
