‘Betting Firms Should be Taken Out of Sports Sponsorships’, Playtech Issues Warning

Betting Companies Sponsorship of Sports Clubs Should be Stopped in Fight Against Addiction - Betting firms as well as alcohol companies should be taken out of sports sponsorship to help combat gambling addiction, a conference on ethics in sport has heard.  Sports agent Fintan Drury said it was “a scandal that we have a situation where broadcasters are allowed to promote gambling companies during the afternoons before the watershed that applies to booze”.  Read More Here

Playtech Issues Warning Following Crackdown - Problems in Asia and a troublesome bingo contract have forced gaming and spread-betting company Playtech to issue a profit warning sending the shares plunging by a fifth.

Management at the Isle of Man-based business, which was founded by billionaire Teddy Sagi, said it expected annual profits to be 5pc lower than the bottom end of market expectations, prompting analysts to wipe about €20m (£17.8m) off their full-year earnings forecasts and sending Playtech shares down 218.5p to 768p.  Read More Here