Tories remain in power: What's next for the UK gambling industry?

The Conservatives eased to a very decisive victory in the General Election yesterday, comfortably winning 364 seats at the time of writing, with Labour a distant second with 203 seats.

The bones of why and how such a dramatically large victory came about will no doubt be analysed in every spare column inch in the coming days, but what does this mean for the UK gambling industry?

With Brexit dominating the headlines for much of the election, and indeed the past three- and-a-half years, it is perhaps not surprising gambling was not top of the agenda. Boris Johnson’s party first references the subject 11 pages into its manifesto with a pledge that: “We will continue to take action to tackle gambling addiction.”

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Betsson takes 75% stake in Brazil race betting operator Suaposta

Nordic online gambling operator Betsson AB has reportedly taken a majority stake in Brazilian race betting operator Suaposta.

On Tuesday, Games Magazine Brasil reported that the Stockholm-listed Betsson had taken a 75% stake in Suaposta, Brazil’s only locally authorized horseracing online betting operator. Suaposta is run by the Rio Grande do Sul Jockey Club (JCRGS), which has been operating from its Porto Alegre headquarters for over a century.

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