Entain Share Discussion Threads

[hmonk] 28/6/2022 21:34

From The Times

Boris Johnson is poised to announce curbs on online gambling in an effort to stem the “catastrophic” impact of addiction on people’s lives.

Ministers will publish a review of the 17-year-old gambling legislation amid concerns that it has been rendered outdated by the explosion in popularity of online betting.

The curbs will include maximum stakes of between £2 and £5 for online casinos, a ban on free bets and VIP packages for those who incur heavy losses, and “non-intrusive” affordability checks.

Companies will also be required to remove features from online games that increase the level of risk for customers, such as quick games in which customers can lose money faster.

The Gambling Commission, which regulates the industry, will be given new powers and additional funding from an increase in fees paid by the industry.

A new ombudsman will be set up to bolster people’s rights if gambling companies fail to be socially responsible.

While imposing tougher restrictions online, the government will relax regulations for bricks-and-mortar casinos, allowing them to install a maximum of 80 gaming machines rather than the present 20. Casinos will also be able to extend credit to wealthy foreigners. This forms part of an attempt to “level the playing field” with online casinos.

However, ministers have dropped plans to ban gambling companies from sponsoring Premier League football shirts after a backlash from the industry.

Nearly half of the clubs in last season’s competition, including West Ham and Newcastle, were sponsored by gambling companies, which has led to criticism from MPs and campaigners. The government is hoping to reach a voluntary agreement with the clubs while keeping the option of legislation in reserve.

Plans for a mandatory levy on the gambling industry to fund research and treatment of addiction, based on the “polluter pays” principle, have also been rejected.

At present online stakes are not limited. The government will announce minimum stakes to create “parity” with the limits introduced on addictive gambling machines called fixed-odds betting terminals.

Betting companies will be required to carry out financial checks on people if there is a risk that they are making unsustainable losses. They will also be barred from targeting customers who lose significant amounts of money with free bets or bonuses.

[srpactive] 28/6/2022 18:20

Yes up after lunch then 2.30pm collapse, come on
MW just get your friends to bid for the company and
end this carry on, please.

[the white house] 28/6/2022 11:12

The bookies are smarter than those making the rules do not fear. No free bets on opening will turn into money back if loses after open etc The Gambling Commission and MPs punched the air after a year getting the roulette machines down from 100 to 2 pounds a spin. Quite remarkable that not a single one of them knew that you could press repeat 13X in a minute. I did I timed someone. So that is 26 pounds a minute or 1500 per hour. (As an aside he won 500 in a Coral shop) A real victory to stop addiction then and an illustration of the poor quality of the staff (moving the unit to Brum from London was a shocker as all decent staff will have left) that have delayed for the 4th time as they simply do not know what they are doing

[the white house] 28/6/2022 10:46

Up this afternoon do not fretOvernight California has added an online option to the November ballot after 1m votes received. Players will need 100m and 10 licences already established so only a FanDuel of okayed will be first movers inc BetMGM FanDuel CaesarsGiven NFL kicking off in a couple of months (with NY involved gif the first time) World Cup in Nov also not only will stats be huge from Sept to March but the prospects for 40m + from the Golden State will draw huge attention to the field

[hmonk] 28/6/2022 09:32

It’s interesting to see The Sun come out against the government following rumours that the gambling act review will ban free bets. You’d think that Boris would want to keep a big supporter like them inside.

[johnrxx99] 28/6/2022 08:50

But who knows what tomorrow will bring :-)

[srpactive] 28/6/2022 08:41

Ftse up US futures up, ent down.

[srpactive] 28/6/2022 07:02

Private equity’s hunt for cheap British companies looks set to continue, according to analysts at Canaccord Genuity, who have drawn up a list of 100 businesses whose value and growth potential could make them takeover targets.

dyor

[coxsmn] 25/6/2022 22:01

https://www.businessinsider.in/stock-market/news/the-stock-market-is-poised-for-a-strong-second-half-of-2022-as-the-us-economy-avoids-a-recession-and-inflation-gets-cut-in-half-jpmorgan-says/articleshow/92417299.cms

[srpactive] 24/6/2022 21:05

c

Yes you are starting to think like me, it will
only go up when the US want it to via a bid, not
surprising we are being held at the figure mgm offered.

Twenty pound bid would be enough.

dyor

[badger8888] 24/6/2022 19:39

Coxsmn, I do understand your frustration, hopefully our day will come, either a dividend or an acceptable take out price.

[coxsmn] 24/6/2022 18:23

https://www.gamingintelligence.com/products/casino/158867-betmgm-opens-dedicated-live-dealer-studio-in-michigan/

[badger8888] 24/6/2022 17:23

Good to see ENT & MGM up on the day, the latter up 9.31% just now.

[srpactive] 23/6/2022 17:12

Now the nasdaq rises and ent fall.

Disgusting.

[stamford hill] 22/6/2022 22:56

That would be good. At least something would be going up unlike my portfolio of shares..

[bartyb] 22/6/2022 22:22

Does Claris do blow jobs

[pura vida] 22/6/2022 21:17

Judging by mrs claris's performance she bet against every crypto, how else to get returns like that (i know it's not real).
Bi6 like Mrs woods betting on dkng... one strategy works for a while then reality hitss

[johnrxx99] 22/6/2022 07:57

What type of crystal ball does Mrs Claris Benedicta use?

[pete160] 22/6/2022 06:26

The industry will close down thousands of expensive shops when the leases allow - perhaps the government don't want to be seen to be the excuse why it happens? (too late, as employment taxes, business rates, etc, already make them not particularly profitable, when so much of the industry is moving online and offshore)

[deanowls] 22/6/2022 04:37

I’m guessing the government are realizing where the tax pounds come from and need every penny they can get.

[coxsmn] 21/6/2022 19:38

https://www.prnewswire.com/news-releases/betmgm-announces-agreement-with-sony-pictures-television-igt-to-launch-online-wheel-of-fortune-casino-301572057.html

[hmonk] 21/6/2022 14:27

igamingbusiness.com/inside-entains-acquisition-of-betcity/