Gambling News 16th October, 2016

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IT'S OFFICIAL - BETFRED AND STAN JAMES GET LADBROKES-CORAL BETTING SHOPS

16th October, 2016 at 21:24:15
Divestment of 359 licensed betting offices confirmed.

Ladbrokes and Coral announced over the weekend that they have agreed to sell a total of 359 retail betting shops to Done Brothers (Cash Betting) Limited (trading as Betfred) and StanJames (Abingdon) Limited (trading as Stan James).

Full Story: It's Official - Betfred And Stan James Get Ladbrokes-coral Betting Shops »

UK SPORTS MINISTER REVEALS NEW HORSE RACE LEVY RATE

16th October, 2016 at 21:24:15
Crouch tells industry meeting that she intends to set a rate of ten percent of gross profits for both retail and online bookmakers.

British government sports minister Tracey Crouch has revealed to a horse racing industry meeting that she intends to set a rate of 10 percent of gross profits for both retail and online bookmakers under the new levy replacement system.

Full Story: Uk Sports Minister Reveals New Horse Race Levy Rate »

AUSSIE CASINO EXECS DETAINED IN CHINA

16th October, 2016 at 06:40:54
Crown Resorts managers among 18 arrested by Chinese police on undisclosed charges.

The Australian Sunday media is speculating on the reasons for the arrest of 18 employees of Australian land casino company Crown Resorts, including thee senior executives visiting from Australia, by Chinese police last week.

Full Story: Aussie Casino Execs Detained In China »