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Amaya Inc. T.TSGI


Primary Symbol: AYA

The Stars Group Inc is an online and mobile gaming company with poker, gaming, and betting product offerings. These products are offered both, directly and indirectly, under-owned or licensed gaming brands, and the company also owns several live poker tour and events brands. The firm's primary sources of revenue are its online gaming businesses. The company has three segments based on geography: International, United Kingdom, and Australia. Stars Group generates the majority of its revenue...


NDAQ:AYA - Post by User

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Post by maypeterson Nov 04, 2018 6:55pm
71 Views
Post# 28922154

UK sports minister resigns due to delay in lower amounts

UK sports minister resigns due to delay in lower amountsUKs sports minister resigns due to delay in implementation of the lower wager amounts. Driving the punters to online gaming. 

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Nov 1, 2018

LONDON (AP) — Britain’s sports minister has resigned over what she calls an unjustifiable delay in reducing the maximum wager on gambling machines.

Tracey Crouch campaigned for the maximum stake on electronic slot machines to be cut from 100 pounds ($130) to 2 pounds ($2.60) to help tackle problem gambling.

Critics of fixed-odds betting terminals, found in betting shops across the country, say they are addictive and players can quickly lose large sums.

The government approved the change, but said this week it would take effect in October 2019, rather than in April, as many had expected.

In a resignation letter to Prime Minister Theresa May, Crouch said more money and lives would be lost to gambling during those six months. Crouch tweeted Thursday: “Politicians come and go but principles stay with us forever.”

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