Stride Gaming accepts UKGC’s £7m fine

November 15th, 2018

UK-based gaming operator Stride Gaming has decided to accept £7m penalty slapped by the UK Gambling Commission (UKGC). Daub Alderney, part of Stride Gaming Group, will not appeal the penalty issued for its failure to prevent money laundering.

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Stride Gaming accepts £7m fine issued by Gambling Commission

November 14th, 2018

Daub Alderney, part of Stride Gaming Group, will not appeal a £7m fine by the Gambling Commission for failing to prevent money laundering and failing to protect its customers.

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Comments on the Gambling Commission’s Regulatory Panel’s fine of Daub Alderney Ltd

November 13th, 2018

This penalty will send shockwaves throughout the Gaming industry, as the amounts involved are now so high that they are materially significant for some operators. What remains to be seen is how the stock market perceives this action. Stride’s share price rose by .90% following the announcement, so the market is either relaxed about the figure or the outcome hasn’t been widely reported yet.

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Next steps from the Gambling Commission

November 1st, 2018

The Gambling Commission looks determined to tackle the risks of underage gambling.

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UK to raise gaming tax by 6 per cent from October next year

October 31st, 2018

Philip Hammond, British Chancellor of the Exchequer, has announced a 6 per cent increase in remote gaming duty by 6 per cent in his new Budget. The raise – which will be applicable to online casino games such as poker and blackjack – will come into effect on October 2018.

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Bad news for online gamblers as Budget pushes up remote gaming duty by 6% from October next year

October 29th, 2018

ONLINE gambling will become more expensive after Chancellor Philip Hammond hiked remote gaming duty by 6 per cent in today’s Budget.

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Exchequer confirms GB remote gaming tax rise for 2019

October 29th, 2018

The UK’s Chancellor of the Exchequer has announced a rise in British online betting tax to 21% in October 2019 to offset the loss expected from the cut in maximum stakes on fixed-odds betting terminals (FOBTs).

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Autumn Budget 2018: what the development sector wants Philip Hammond to announce

October 29th, 2018

More clarity around the Help to Buy scheme has dominated the development finance industry’s Autumn Budget wish list.

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Chancellor froze duty on beer, cider and spirits today, postponing price rises

October 29th, 2018

Cheers, Phil! Duty on booze is FROZEN in a move saving 2p on a pint of beer, 1p on a pint of cider, and 30p on a bottle of Scotch or gin (…but it’s BAD news for wine drinkers).

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Untangling the flexible working web: What employers need to know

October 24th, 2018

The flexible working phenomenon is set to add £148 billion to the UK economy by 2030, according to recent research by office rental firm Regus.

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