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ASA clears Coral on complaint against its advertisement

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ASA clears Coral on complaint against its advertisementReading Time: 1 minute

 

The UK Advertising Standards Agency (ASA) has cleared the advertisement of Coral after The Campaign for Fairer Gambling raised a complaint about it.

The ad in question was featured in the Racing Post during the World Cup last summer, which promised a Price Boost offer on Argentina versus Iceland game, regarding a bet on Lionel Messi to score two or more goals at odds of 5/1. The ad contained the wording, “was 3/1” but this was struck out. Small print on the ad went on to point out that the “was” price was given as a guide.

The Campaign for Fairer Gambling raised the complaint that the crossed out price of 3/1 and the claim that there was a “price boost” were misleading.

Coral countered that the 3/1 odds amounted to the standard price at the time the promotion started, but that the price subsequently fluctuated. They also pointed to the fact that with a newspaper ad, the content had to be finalised in advance, which is why the ad included a condition stating that prices were subject to fluctuation.

In reaching its decision, the ASA said in its ruling that consumers would understand that the market fluctuates ahead of an event, and that they would understand that the struck-out price represented the predominant market odds at the time the ad was created. As a result, the ASA found that there had been no breach of advertising regulations and did not take any further action.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: ASA clears Coral on complaint against its advertisement

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts to Buy Caesars Entertainment CorpReading Time: 1 minute

 

Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Reaffirms His Support for Sasebo IR BidReading Time: 1 minute

 

Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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