By SectorWire desk ·
A court dismissed the latest UK National Lottery appeal associated with Richard Desmond. The UKGC welcomed the ruling after a judge assessed The New Lottery Company’s prospects of success as very low.
The ruling rejects a further legal challenge concerning the UK National Lottery.
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The decision closes the challengers’ remaining appeal route in the reported licence dispute.
Investors face Rank’s warning that further machine-duty increases could affect venue viability, employment and investment.
The settlement adds audit and investigation-cost obligations alongside the payment, while recognising the operators’ cooperation and remedial work.
The acquisition brings two betting exchanges under one owner, while Betdaq customers have until 21 October to manage open positions.
IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
Prison sentences for running the unlicensed venue demonstrate enforcement involving police, gambling regulators, tax authorities and local licensing officials.