Ministers in the United Kingdom are on the final process of reforming gambling laws and are expected to unveil their proposals in the coming weeks, with an outright ban on betting company logos that appear on football shirts. The ministers aim at what they say is closing the “loophole” as part of gambling law reforms in the region.
According to the ministers, the “loophole” allows offshore operators to advertise on Scottish and English football pitchside hoardings and teams’ shirts and according to them, they may soon pass a bill to scrap all of this as part of the plan by the government to reduce or minimize gambling’s hold on the game. This is something that offshore bookmakers fear will reduce part of their revenues.
The ministers are also heavily considering going beyond and above shirt sponsorships by going ahead and taking aim at the controversial “white label” system that overseas betting firms, especially those from Asia, China, and Thailand use to strike some of the most lucrative sponsorship deals. Such bookmakers can gain easy access to Scottish and English football via partnerships with small firms that hold a British Gambling license, a requirement for operators that want to advertise in the UK.
Ministers in the United Kingdom have raised concerns regarding the lack of transparency over who own the firms displayed on the shirts of almost all football clubs and how those companies undertake their operations. Currently, 9 of the 20 EPL clubs have betting firms as their shirt sponsors. Should the bill be passed, offshore bookmakers that sponsor teams’ shirt may be forced to look elsewhere for advertising. Even though everything appears calm right now, many –especially bookies that sponsor teams- are waiting to see if the bill will pass or not.
News
Bob Chapek, Disney CEO has admitted that ESPN, its broadcasting platform is the ‘ideal’ place for sports wagering and as such, Disney has a ‘very significant opportunity’...
News
Codere, one of the leading multinational companies operating across the private gaming sector, boasting more than 40 years of experience in the industry, recently signed an extension of its...
News
BetUs is one of the biggest and the most respected online bookmaker, especially in the United States. For the most part, BetUS is a standard – albeit top-tier – legal online sports...
News
Ministers in the United Kingdom are on the final process of reforming gambling laws and are expected to unveil their proposals in the coming weeks, with an outright ban on betting company logos that...
News
Ladbrokes, one of the most profitable bookmakers may soon fall under the ownership of US-based bookmaker, DraftKings. Last month, the firm, which also owns online sports betting brand Coral, was the...
News
Generally, the African economies are on the rise, having had consistent and somewhat rapid development for the previous quarter-century, interrupted only by the negative impacts of coronavirus. The...
News
DraftKings, one of the biggest and respected bookmakers in the US have made an undisclosed investment in Horizon Acquisition Corp., a bank-check firm that’s expected to begin trading as Vivid...
哥，可以问下这个怎么注册充值吗？现在10bet...
I always look forward to reading your articles. You...