NHS Calls For Premier League Betting Sponsors To Help Fund The Health Of Gambling Addicts

The National Health Service (NHS) has warned that the Premier League must dedicate more efforts towards helping fund the bill caused by problem gambling. NHS England criticized betting firms for ignoring their duty of helping the more than 430,000 problem gamblers in the UK.

 

Foreign-owned betting firms that sponsor the Premier League have failed to contribute to a £10 million fund which is meant to pay for addict’s treatment.

 

Speaking during an annual NHS Expo in Manchester, Simon Stevens, the chief executive of NHS England pointed out that betting has become one of the rising risk factors for mental health problems in the UK. He lamented that nine out of twenty Premier League teams and seventeen out of the twenty-four teams in the Championship League are being sponsored by betting firms.

 

A spokesperson for Gamble Aware argued that the relationship between gambling and sports has reached an alarming rate. He felt that having betting firms sponsor the Premier League and Championship teams, there is a high risk of more people becoming problem gamblers as the advertising that comes with it are normalizing betting for the society including children.

 

Data from the UK Gambling Commission indicate that there are over 430,000 problem gamblers who include more than 25,000 children below the age of sixteen. Stevens said that the trend was worrying. Stevens told his audience that foreign betting companies that have shirt sponsorship deals were consistently “failing to play their part” in funding gambling addiction services through the £10 million set by UKGC.

 

The NHS recently opened a clinic in London specializing in the treatment of betting addicts. Stevens emphasized the need for industry players to address problem gambling as a serious issue. “There is an increasing link between problem gambling and stress, depression and other mental health problems,” he said. He reiterated that according to doctors, two-thirds of betting addicts get worse if they are not helped yet NHS offers specialist treatment.

 

Considering the nature of the problem, Stevens argued that taxpayers and NHS should not always be left “to pick up the pieces” since the health of the country is a responsibility of everyone.

Data from UKGC show reluctance and failure to pay the donations. According to a register of industry donations that was published in July, none of the eight foreign companies sponsoring UK football team had pledged any money to the fund. In the 2017/18 financial year, a number of the foreign betting giants donated £11,000, but failed did not contribute in time.

 

From the data, only Bet365 which appears to be complying as it had already paid £434,000 and had gone ahead to pledge £868,000 for this season.

 

Stevens said he will now be writing to clubs that have been sponsored by betting firms to persuade them to urge their sponsors to contribute to the fund. “The NHS will now work with the premiership on how we persuade these foreign gambling companies to do the right thing.”

However, though mental health conditions emanating from problem gambling affects more than 430,000 people and free treatment is readily available from firms such as Be Gamble Aware, only an estimated two percent who need the help come out to seek it.

 

Remote Gambling Association, a firm representing online betting firms, through a statement, said, “The association agrees that more funding is needed if the gambling industry as a whole is to fulfill its responsibilities to everyone in the country who gambles, and especially those who are affected by problem gambling.”

 

Tom Watson, the shadow secretary for culture and sports said, “Labour would ban sponsorship of Premier League teams by gambling companies and introduce a compulsory contribution to make the industry pay for the treatment of gambling addiction.”

 

Responsible Betting Key in LeoVegas’ Bid for License to Operate in Sweden

LeoVegas, a mobile-focused online betting firm, has confirmed that its application for a license that will see it offer sports betting and casino in its native country of Sweden. The move is part of its expansion efforts in the industry and responsible betting.

 

Beginning January 1, 2019, Sweden will become a licensed betting market. In line with that goal, the country started an application process ahead of the record restructuring of its gambling laws.

 

LeoVegas is seeing the Swedish market as an important element in its efforts to achieve 2020 financial targets. Its goal is to realize a revenue of at least €600 million and EBITDA of €100 million and above.

 

Considering the mounting pressure on betting firms to adopt responsible betting, LeoVegas has adopted the issue and turned it to an advantage. It is now differentiating itself through the commitment to responsible betting. The efforts have been profitable as they have positively impacted revenues – in the second quarter of the of the year, the company’s Net Gaming

 

Revenue (NGR) from the regulated markets accounted for 39% of its total NGR.

Responsible betting is a great opportunity to localize a firm’s offering and become more relevant to the region. Through it, more marketing channels are created while the customer experiences are improved.LeoVegas is positive about the extensive guidelines required for responsible gambling that Sweden regulating market will offer. Commenting on the firm’s application, Gustaf Hagman, the group’s chief executive officer said, “LeoVegas has always had a focus on this area and it is something that it welcomes.”

 

In the Swedish market, LeoVegas will be fronting LeoSafePlay, its responsible gaming platform. It is operated as a stand-alone business to ensure that it has an undivided focus on growth and implementation of market trends in the responsible gambling field. It seeks to use upcoming technologies such as artificial intelligence and machine learning to offer the best experiences for the next generation of gamblers.

 

The firm is hopeful that the application will be successful. That way, it will have an opportunity of advancing its culture, offering the best gaming experience for people betting in its home country, and ultimately increasing NGR from regulated markets. In the long run, the firm will generate more of its NGR from the regulated markets which are viewed as prohibitive by a majority of other industry players.

 

Hugman revealed that LeoVegas has been eyeing the Swedish market. He said, “While it has been known for some time that Sweden is introducing a local license system, it is very exciting to formally submit an application and that is something we have been looking forward to for a long time.”

“Sweden becoming a locally regulated market is a milestone for the country, the industry, and LeoVegas.” He stated.

 

“Now for the first time, everyone can compete on equal terms in a regulated environment, where responsible gaming is a very important part,” he continued indicating the importance that the Swedish betting market will have.

 

He expressed optimism by saying, “We believe we have great opportunities gaining market shares in the Swedish market. LeoVegas is a company that operates in several regulated markets and thus has the right tools and knowledge to create sustainable and strong growth.”

 

The UKGC Rolls Out Better Gambling Protection Rules

The United Kingdom has been consistently hailed as a role model for online gambling licensure and regulation. Some gaming professionals are however of a different view. This is because most companies have in the recent past violated the various laws, rules, and regulations that govern gambling.

 

Some of these violations include those stipulated by the Advertising Standards Authority and the United Kingdom Gambling Commission. Examples of these violations include running misleading advertisements, targeting children who are not mature enough to gamble, and placing unnecessary restrictions on the withdrawals of earnings.

 

These violations have led to public outcries from various quarters. Most gamblers have complained of misleading bonuses and adverts. Most parents have also expressed concerns that their children have been unnecessarily bombarded with undesirable advertisements.

 

In response to these complaints, the United Kingdom Gambling Commission has put in place measures that are geared towards rectifying these problems. It has subsequently announced the introduction of new rules that gambling firms shall have to abide by starting from October 31st, 2018.

 

These rules and regulations are largely geared towards safeguarding the interests of the consumers especially from those adverts that are deemed misleading. They are also meant to shield the vulnerable segments of the population from undue exploitation and deception.

The most significant aspect of these restrictions is stiffer penalties on the companies that violate these regulations. Additionally, the gambling commission shall have the powers to enforce the new laws which shall also include the ability to impose hefty penalties on those operators that breach the prevailing advertising rules.

 

Further to these, the gambling operators shall be required to resolve any complaints that arise internally. They shall do so within an eight-week window. In case this window elapses without the dispute having been conclusively dealt with, the third-party shall be free to bring the said issue to an arbitration body.

 

The commission had these to say about the new regulations: “We will now have the teeth to deal appropriately with all the emerging issues. We shall particularly deal ruthlessly with the firms that tend to glorify gambling. We shall also be unforgiving to those gambling operators that tend to target children and other vulnerable persons in the society.”

 

Other than these, the commission has also put in measures to make it easier for the gamblers to receive their dues. It has lifted the cumbersome withdrawal restrictions that most operators put in place to prevent their gamblers from receiving their incomes. The same case shall apply to unsolicited commercial e-mails.

 

Neil McArthur, the Chief Executive of the Gambling Commission, had these comments to state:

“It is our utmost priority to shield the interests of the consumers. The same has to apply to the gambling operators. The changes we have instituted shall offer added protection from irresponsible adverts and misleading promos. They shall also see to it that gamblers withdraw their incomes faster and smoothly.”

 

These measures shall undoubtedly inflate the costs of doing business. However, they are also beneficial to the gambling operators. They have the impact of instilling confidence on the gamblers. This has the attendant positive impact of increased revenue inflows and income of the operators.

 

Paddy Power Betfair and Boyd Gaming get into a Strategic Agreement

Paddy Power Betfair has again proved to be on the forefront establish a strong foothold in the U.S sports betting markets. Paddy Power Betfair is a betting company based in Dublin and Ireland, but it is now operating in U.S markets with sister companies such as FanDuel.

 

It seems Paddy Power Betfair team had prepared a beast marketing strategy to give them the top-notch spot in the sports gambling markets in the U.S. Paddy Power has been moving in the U.S markets more aggressively than all other online casinos. The UK bookmakers have recently made another significant move by announcing a strategic partnership between Boyd Gaming and FanDuel. It was a win to win situation for both companies type of agreement where while working together they will dominate the U.S bookmarking markets primarily in the sports betting and online gaming fields.

 

FanDuel is a popular U.S online fantasy sports betting website. In May 2018 Betfair US purchased 61% shares of FanDuel total shares plus an option to keep on increasing more dividends percentage up to 80% in 3 years or to 100% in five years period. Therefore when Paddy Power Betfair struck another deal with Boyd Gaming via FanDuel they opened up for doors to successfully capitalize on the sports and online betting all over U.S. Boyd Gaming is one among the biggest multi-state casino companies in the U.S that owns more than 29 casinos in 10 states while FanDuel has over 8 million customers across 45 states in America. Boyd Gaming stakes shot up to 1.7% at 36.79 on that day’s stock market.

 

Terms and conditions binding their agreement subjected to state laws and regulatory board approvals affirm that FanDuel will provide technology and other related services to operate all online and sports betting sites that are under Boyd Gaming platforms. Financial analysts and other stakeholders have a strong positive feeling that the deal would have secured a long-term solution of running the largest sports betting and online gaming services.

 

The Chief Executive Officer of the FanDuel group, Matt King, said that “There is incredible momentum in the sports betting space and we look forward to partnering with Boyd Gaming to bring the FanDuel Sportsbook to more customers across the United States.” This partnership will greatly help FanDuel solve the problem of its accessibility in different states. Despite that the supreme and other state courts legalized sports betting and online gaming, bookmakers still have a big challenge in getting operational licenses from many states governments. By partnering with Boyd Gaming, Fanduel will joyride on the advantage that they will be operating across all current and future states that Boyd Gaming will have its footprint.

 

The Chief Executive Officer of the Boyd Gaming group said that “we will be positioned to build market-leading sports-betting and online gaming operations in each state as they move forward with these new forms of entertainment. We will also see immediate benefits from our cross-marketing agreement with FanDuel, introducing millions of FanDuel customers to Boyd Gaming’s properties nationwide.” Boyd Gaming will be offered with technical know-how and resources that will run gaming and betting operations in a more user-friendly in return for providing them with market accessibility.

 

In short, this deals allows Boyd Gaming run their online gaming and sports betting websites on using FanDuel’s technology while in return they let FanDuel operate its own online gaming services in all states where Boyd Gaming have or will have a license of operation with an exemption of the Nevada state.

 

Brand New Advertising Rules Imposed on Gambling Operators

The gambling industry is taking a toll on the British society. This is with regards to findings that was deduced by the joint Competition and Markets Authority (CMA) and the Gambling Commission committees. These findings deduced that online gamblers were hardest hit with the menace.

 

Most members of the British society have lodged complaints with the UK regulatory watchdog. Indeed the watchdog has received countless complaints from the members of the public. They have particular raise issues with the fact that the government failed to deal conclusively with the £100-per-spin fixed-odds betting terminals. These two terminals jointly earned a whopping £1.8 billion a year for the bookies.

 

As a response to these complaints and criticisms, the government has instituted harsh reactions. These restrictions mainly govern the kinds of persons they might impact as well as the number of persons they may possibly reach.

 

It came up with these stringent measures after holding a thorough and inclusive consultative forum with the various stakeholders in the field of gambling. These include the various betting firms, consumer watchdog agencies, and representatives of gamblers.

 

To make these resolutions a reality, the UK gambling commission has issued several directives to these effects. It has made it simpler for gamblers to redeem their deposits in the event that the gambling company concerned is found guilty of violating the laid down rules of engagement. This directive shall take effect officially on 31st October 2018.

 

Also, the betting firms that are found guilty of breaching the laid down codes of conducts that face heavy fines. Some of the most critical areas that will attract these heavy fines shall be adverts that target small children, those that tend to make gambling appear glamorous, those have misleading information and those that tend to encroach into the personal space and privacy of consumers. This Directive shall also apply to the third party marketing firms like the marketing agencies.

 

Over and above these fines, the gambling commission has also imposed an eight-week cap on the resolution of all disputes. This is to minimize the tension that generally builds up whenever such issues arise. It will also guarantee a speedy resolution of the said issues and ultimately confer greater inconveniences to the consumers.

 

A couple of betting firms have already arrived at their way-forwards as regards these new developments. Ladbrokes, BGO Entertainment, William Hill, and PT Entertainment have already indicated that they will alter their rules of bonuses. They have stated that they will revise the way in which they issue their bonuses to be consistent with the new regulations.

Brian Chappell, the founder of the Justice for Punters, had these to say:

‘It is interesting to note that the Gambling Commission has finally conceded the fact that gamblers require tighter regulatory frameworks. It is not possible to state with absolute certainty that these regulations will truly achieve their desired ends at the moment. The truth shall become clearer only with time. Let’s wait and see if these regulations shall bring about far-reaching repercussions. Even though this directive is not comprehensive, it is nonetheless highly welcome.’

 

Monzo and Starling Banks Gives a Helping Hand to Gambling Addiction in UK

Based on reviews, there are almost 528,000 people in the UK who are addicted to gambling.Among this people, 80% of them face bad debts that end up crippling them regarding financial status.

 

As we all know gambling is very addictive and can be hard to stop once you get into it. Challengers banks Monzo and Starling have decided to help the addicts to achieve their dreams of ending gambling by coming up with an option of blocking all the payments to gambling operators. This means that no payment can be made to any betting shop or site from your current account once you enable the feature on their apps.

 

This option will be a great help to those players who are trying to stop spending much of their money on gambling. Tony Franklin, one of the people who has tried using the application to prevent the bad habits, spoke to The Daily Mail and he confessed to having lost his home and his family twice as a result of gambling. He continued to say that the gambling life had consumed most of his adult life. He says that using the application is the only and the best way to get out of gambling. He says with the app you cannot fall back to “cauldron of chaos” as he described it.

 

Tony said that gambling had affected his whole life; family, friends, employment, financial status, housing and making matters worse even his health. Mr. Tony is now recovering from the bad habits, and he says his bank has great played a significant role in keeping him on track. His financial status is slowly getting back to where it should be. However, he still has some debts yet to be paid but he believes with time he will manage to pay them all.

 

Now the two banks, Monzo and Starling are helping all the current account holders to quit the bad habits. Before the two banks came up with this applications, players had to talk to the different gambling operators so as they could block themselves from receiving payments from the player. Sterling bank was the first to come with this feature that helps players block payments to the operators. Monzo followed closely and came up with a feature too. The two challenger banks have accounts that are operated using a mobile app. Another bank that has the feature is Barclaycard. It allows its credit card holders block their card from all gambling transactions. They do so by talking to the customer care.

 

Those with Starling current accounts they can block the transaction by switching on a feature that is on the app. As long as the application is on, anytime one tries to make payments to a registered gambling operator the transaction will be rejected. One can unblock the payments on the app using the feature as long as they want but a message will pop-up prompt them to seek help from the National Gambling Helpline.

 

Those with Monzo current account can as well use the app to block payments to gambling operators, or they can do so by talking to the customer services through the messaging feature on the app. Any payment to a registered gambling operator will be rejected too. When one feels like unblocking the payments, they will need to talk to the customer services using the feature on the app. They will be asked several questions about the situation and the team will encourage the customer to rethink. If the client still wants to go ahead, it will take 48 hours to switch off the blocker.

 

 

Banach Technology Receives an Investment Boost from Investors for Expanding their Startup

One of the leading betting technology companies in Ireland, Banach Technology, raised a vast $2.55m funds for startups from investors.

 

Some of the investors that contributed towards the raising of these funds for startups included Cormac McCarty and Patrick Kennedy. Both the investors have served in corporate leadership positions at Paddy Powers. Patrick Kennedy is the former Chief Executive Officer for Paddy Powers, and Cormac McCarthy served in the area of Chief Financial Officer at Paddy Power.

 

Banach Technology was also backed by investors such as Stewart Kenny and David Power. Banach Technology is a company that provides gambling groups with products, pricing and customer experience systems and has worked with renowned brands such as GVC Holdings.

 

GVC holdings are the sole owner of BWin and Ladbrokes. Currently, the Chief Executive Officer for Banach Technology is one Mark Huges and has also worked for Paddy Powers serving in the position of Senior Quantitative Analyst and the Head of Quants. Also, the other co-corporate executives for Banach Technologies have a history with Paddy Powers including Rob Reck who is the Managing Director for Banach. Speaking to Sunday Times, the Managing Director for

 

Banach reported that the funding that they received from investors was by a large extend oversubscribed. Also, Rob Reck stated that Banach Technology was looking forward to hiring more than a dozen employees to work for the company. Banach Technology is to increase the number of their staff from 12 to 30 workers with the inclusion of hiring software engineers and quant mathematicians. Banach Technology is a startup that as attracted shareholders such as the owner for Red Tiger and also an entrepreneur in the field of gaming Nick Maughan.

 

Banach Technology is a firm that has based their operations in Dublin, and the structure of the corporate leadership is one with extensive expertise in the industry with a good number having worked for Paddy Powers. Banach Technology is a company that is bringing a revolution to the trade of betting. The technology developed by Banach will enhance customer engagement and also improve the operator margin across the board for all channels. It was reported that, the products being provided by Banach Technology are designed around the empowering of customers.

 

The users will be able to come up with a structured bet that is customized and will feature correlated multiples of the same game. Banach Technology was founded in the year 2015 by an executive team of mathematicians and technologists. The senior management team comprises Mark Hughes who is the CEO and is a Bsc holder in the field of economics and finance having studied at the University College of Dublin. Rob Reck is the Managing Director and holds an MBS in the area of Actuarial Science from the University College Dublin.

 

Furthermore, Rob Reck has a Bachelor’s in Maths and Mathematical Physics that he obtained from University College Dublin. Alex Zevenbergen is the Chief Technical Officer for Banach Technology, and he holds a BSc in Business and information systems from the University College Cork.

 

Adrien Lepretre is the Chief Operating Officer for the Dublin based organization and holds an MSc in Quantitative Finance from the University College of Dublin. Also, Adrien Lepretre holds a BSc in Economics that he obtained at HEC Lausanne. Banach Technology is headed for greater heights in the gambling industry, and the executives are focused on expanding their venture. The firm is now focused on bringing on board new and skilled employees with the vision of growing their wings.

 

 

Bingo! Humble Oldham Man took Home £50,000

A whopping £50,000! That is what Steven Bray, a 35-year-old Oldham resident is set to pocket after winning the national Bingo Game Jackpot at Mecca.

 

The night of Tuesday, 5th June will forever remain etched in his mind since it is the day fate granted him a wish every bingo player lives for- having the right number combination to win the jackpot! Bingo has been a traditional family pastime for Steven, having been introduced to the game by his late parents, seven years ago.

 

The win was not the first one for Steven, but none of his previous wins was as big as this life-changing jackpot. For the 35-year-old who works as a hire controller for Hire Station, this win opens many doors. He plans to take a holiday to the Maldives, a popular destination that he has always wanted to visit. Clearing his mortgage is also high up on his list of priorities.

 

When asked how the win will change his daily life, he said: “I work two jobs which keep me extremely busy, so I’m hoping to use the money to take a break from my hectic lifestyle.” He also hopes that some aspects of his life like the relationship he has with the people around him will remain the same. That is why he plans to hold a Thanksgiving party for family and friends.

 

Despite the absence of his parents, Steven believes his luck when choosing the numbers could be a gift from them. They were avid bingo players, and he would have enjoyed sharing the joy of winning with them. It was actually a bittersweet memory, having lost his dad only last September, to a heart attack – He was aged 69. His mother also died of a heart attack back in 2011 while she was 55 years old.

 

Asked why he loves bingo, Steven says it provides a sweet escape from daily hassles. “It’s always a good buzz when waiting for the last numbers to be called,” he adds. Playing bingo once or twice a week offers him a chance of meeting new people.

 

Tony Beverly, the Mecca Oldham club manager was also elated by Steven’s win because it adds to his club’s tally of jackpot winners in the new National Bingo game that started on 30th April. Steven’s win is the 11th. He said: “it is great to see one of our longest standing players win the National Bingo Game. He really couldn’t believe it when we told him there and then that he had won a £50,000 Jackpot.” The new National Bingo game offers various jackpot prizes including £100, £1000 and £50,000 on each game. House prices are also available at every club.

 

Apart from Steven, everyone at the club also had a reason to celebrate. The party held for members by the Mecca Bingo club on 21st June gave everyone a chance to enjoy a drink, and tuck some buffet as they watched Steven, his sister and some of his buddies receive the giant check on stage. Their optimism that probably some of Steven’s luck would rub off on them was quite apparent.