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Gambling Industry

All articles tagged with #gambling industry

politics2 years ago

"U.K. MP Scott Benton's Lobbying Scandal Triggers Suspension and Potential By-Election"

MP Scott Benton is facing a 35-day suspension from parliament after being caught in a lobbying scandal. Undercover reporters posing as representatives of a fake investment fund recorded Benton offering to lobby ministers on behalf of the gambling industry and leak a confidential policy document for a monthly fee. The Commons standards committee deemed his actions an "extremely serious breach" and recommended the suspension. If approved, this could lead to a byelection in Benton's constituency of Blackpool South, a former Labour stronghold. Labour has already selected a candidate and hopes to win the seat.

via The Guardian|
#byelection#gambling-industry#lobbying-scandal
business2 years ago

Steve Wynn Settles for $10M, Agrees to Gambling Ban Over Sexual Misconduct Claims

Steve Wynn, the former CEO of Wynn Resorts, has agreed to stay out of Nevada's gambling industry as part of a new settlement. The agreement comes after a lengthy investigation into allegations of sexual misconduct against Wynn. Under the settlement, Wynn will not be able to participate in any gaming activities or have any involvement in the state's gambling industry.

via The Wall Street Journal|
#business#gambling-industry#legal-agreement
business2 years ago

Gaming industry tightens rules on college betting partnerships and advertising.

The American Gaming Association has introduced a new responsible marketing code that prohibits sportsbooks from partnering with colleges to promote sports wagering, bars payments to college and amateur athletes for using their name, image or likeness, and ends the use of the terms "free" or "risk-free" to describe promotional bets. The new rules also require that anyone depicted in sports betting advertising be at least 21 years old and restrict advertising to media where at least 73.6% of the audience is reasonably expected to be 21 or older.

via ESPN|
#advertising-restrictions#business#college-partnerships