UK to crack down on unlicensed casinos sponsoring football teams
Summary
The UK government is preparing to start a consultation to stop unlicensed gambling companies from sponsoring football teams. This follows concerns that delays have allowed offshore casinos, like Stake.com, to make sponsorship deals with Premier League clubs despite regulatory warnings.Key Facts
- UK ministers will soon begin consulting experts on banning unlicensed casino sponsorships in football.
- The review was delayed since February, raising concerns about unregulated gambling companies striking deals.
- Everton FC signed a three-year sleeve sponsorship with Stake.com, an unlicensed crypto casino, ignoring Gambling Commission advice.
- Stake.com gave up its UK license last year amid investigations but continues sponsorship deals with British clubs.
- Licensed gambling companies, like Ladbrokes owner Entain, have urged the government to act quickly to stop these deals.
- The Gambling Commission warned sports teams they could face prosecution for promoting unlicensed gambling in the UK.
- Unlicensed casinos often target football fans, including those in East Asia, through sponsorships.
- The planned consultation aims to close legal loopholes that let unlicensed casinos sponsor UK football clubs.
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