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UK rift over Gambling Ads

Wednesday January 21,2015 :  U.K. POLITICAL ROW BREWING OVER GAMBLING ADVERTS
 
Leaked papers show dissension between members of the governing coalition.
 
In Britain, leaked Cabinet-level correspondence indicating a rift between governing coalition partners the Conservative Party and the Liberal Democrats on the extent of gambling advertising has been publicised by the Daily Mail newspaper.
 
In the correspondence, Liberal Democrat and Treasurer Chief Secretary Danny Alexander warns of the danger to young viewers of an "explosion of aggressive advertising during sporting events televised before the 9pm watershed".
 
It is almost impossible to shield children from these intrusive and frequent advertisements from gambling companies, Alexander complains in a letter to Culture Secretary Sajid Javid.
 
Alexander adds that a review of gambling advertising being conducted for government ministers ‘has still not reported’. The review is tasked with making recommendations on any changes needed to the industry’s voluntary advertising code, including the suitability of the 9pm watershed arrangements.
 
The reviewers are also assessing the latest evidence on the link between advertising and gambling addiction, to determine if a broader crackdown is necessary.
 
‘This is a matter of principle, and I believe the time to act is now,’ the Liberal Democrat minister insists, adding:
 
"I am growing increasingly concerned by the prevalence of betting advertising during televised sporting events that are watched by children.
 
"People who want to gamble have every right to do so, but many parents enjoy sitting down with their children to watch a big sports event. I suspect very few now consider what is advertised during the breaks acceptable.’
 
"It has now become almost impossible to watch any kind of sports event without being bombarded by highly solicitous advertising. The decision by the previous government to allow betting companies to advertise during sports events before the watershed is completely anomalous. It was, of course, part of a grubby deal cooked up by the last Labour government."
 
In 2007 the previous Labour Party government lifted restrictions on gambling advertising, allowing material to be screened during any programming after a 9pm watershed, and at any time of day during major sporting events.
 
"As a result of Labour’s reforms, there has been a 1,500 percent increase in gambling commercials, which now make up 4 percent of all advertising," the Mail claims.
 
"Campaigners say schedules have been flooded with aggressive commercials for bingo, online gambling sites and sports betting which give the impression that children and vulnerable people are being encouraged to see gambling as a fun, everyday activity."
 
Despite Alexander's complaint, the government's Culture, Media and Sport department is resistant to change, according to the Mail's government sources.
 
William Hill, Ladbrokes, Paddy Power and Coral recently agreed to impose a voluntary ban on TV adverts offering free bets before 9pm.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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