The Gambling and Betting industry is an integral part of the UK and international leisure sector. It accounts for total revenues of over £10billion on an annual basis and employees over 100,000 people.
The sector is highly regulated, dynamic and very fast moving its also constantly developing and embracing new technologies to enhance compliance and comply with regulation as well as to retain and attract new customers.
As a firm we have been involved in the growth and development of the industry for many decades acting for large multi-national gaming companies, software developers and start-ups in the space on all aspects of commercial legal support and advice from Corporate transactions to regulatory advice.
Each of our specialist legal teams below have experience of helping businesses, founders and management in the Gambling and Betting sector.
We have advised the Founders and shareholders of Pasta Evangelists, a UK-based specialist in fresh, artisan pasta & sauces on the sale of a majority stake to Barilla, one of the world’s largest food companies and the global leader in pasta.
On 7 January 2021, the Housing Secretary, Robert Jenrick, announced massive changes to enfranchisement law, with plans to allow leaseholders to extend their current lease by a maximum term of 990 years at a ‘peppercorn’ (i.e. zero) ground rent and the ending the payment of ‘marriage value’ to freeholders, potentially saving leaseholders thousands of pounds.
Our monthly summary of recent news items relating to the M&A, Scale-up and Growth capital scene in the UK and Europe