BGC warns gambling tax hike could wipe £3.1bn off UK economy Summary The Betting and Gaming Council (BGC) has commissioned an EY-Parthenon report warning that proposed UK gambling tax rises could shave up to £3.1bn off industry gross value added (GVA) and cost as many as 40,000 jobs. The government is expected to set out […]
Waterhouse VC: Find a wagering edge Summary Tom Waterhouse profiles Bernard Marantelli, a punter-turned-entrepreneur who has industrialised wagering edge. From early bookmaking roots in Melbourne through algorithmic trading on Betfair and a finance stint, Marantelli moved from exploiting inefficiencies personally to building products and businesses that monetise and institutionalise advantage. Key milestones covered include his […]
BGC warns gambling tax hike could wipe £3.1bn off UK economy Summary The Betting and Gaming Council (BGC) commissioned EY-Parthenon to model the economic impact of several proposed gambling tax reforms ahead of the UK budget on 26 November. The report analyses four scenarios — aligning existing rates, the Social Market Foundation (SMF) proposal, the […]
NBA Commissioner Tackles Betting Scandal That Rocks the League Summary The NBA season’s opening week was overshadowed by federal indictments alleging unlawful betting and leaked inside information involving high-profile figures. Portland Trail Blazers head coach Chauncey Billups, Miami Heat guard Terry Rozier and former player Damon Jones were arrested on charges tied to illegal betting, […]
BGC slams Gordon Brown-backed UK gambling tax hike Summary The Betting and Gaming Council (BGC) has condemned proposed UK gambling tax rises — including plans backed by former prime minister Gordon Brown — warning they pose a “direct threat” to jobs and the wider economy. The BGC commissioned Ernst & Young (EY) to assess proposals […]
Thailand’s Prime Minister Kills Poker, Intensifies Anti-Gambling Stance Summary Thailand’s new prime minister, Anutin Charnvirakul, who took office on 5 September, has shelved plans to legalise casino resorts and moved to effectively ban poker games, tournaments and related promotions across the country. The measure extends beyond organisers to advertisers and marketers, and follows a broader […]
Congress Asks NBA Commissioner to Explain Widening Gambling Investigation Summary Six members of the House Committee on Energy and Commerce have written to NBA Commissioner Adam Silver asking for a briefing by 31 October about an expanding federal gambling investigation that has implicated current and former NBA figures. The request follows arrests linked to two […]
Lawsuit Alleges Horse Racing Industry Collusion to “Defraud” Everyday Bettors Summary A class-action complaint filed by Hagens Berman in the US District Court for the Eastern District of New York accuses major horse-racing organisations and data clearinghouses of colluding to give anonymous users of computer-assisted wagering (CAW) platforms an unfair edge over ordinary bettors. The […]
Singapore-based executive resigns amid US sanctions over Prince Group ties | AGB Summary FSM Holdings has confirmed the resignation of executive director Li Thet after the US Treasury’s Office of Foreign Assets Control (OFAC) added him to a sanctions list linked to Prince Holding Group, which US authorities allege runs a transnational scam network. FSM […]
Cambodia launches national cybercrime task force amid global scrutiny over scam networks | AGB Summary Cambodia has created a national cybercrime task force to tackle online scams, human trafficking and money laundering. The Ministry of Foreign Affairs and International Cooperation says the unit will coordinate across ministries and agencies to increase digital surveillance, suspend websites […]
