#Numis

Gambling firms let out a huge sigh of relief after the Government released a long-awaited white paper. The review, delayed for over two years, included plans for a 1 per cent levy on revenues, new online slot machine limits and the loosening of restrictions for casinos and bingos. The changes, less drastic than the industry once feared, focused on…

According to The Times, the government - which is seeking to address gambling addiction - will announce maximum stakes of between £2 and £5 for online casinos, a ban on free bets and VIP packages for people who incur heavy loses and "non-intrusive" affordability checks. A new ombudsman will also be set up, and the Gambling Commission, the…

Mecca owner Rank issued a warning on profits this morning after the firm struggled to hit the jackpot with its pandemic recovery. Following softer than expected trading and increased costs pressures, the company lowered trading expectations by roughly 15 per cent, estimating earnings of around £47m to £55m for the year. It comes after the Rank…