Sportingbet has announced a write-down of £310m directly relating to its
forced pullout from the US.
The company disclosed the figures in its final results, which showed that it
still generated revenues of almost £1.1bn, excluding discontinued operations.
The £310.4m write-down resulted from impairment losses connected with the
disposal of its US business, reorganisation costs and goodwill impairment of its
US-facing sports betting and casino business.
UK gaming companies were cut off from the lucrative American market after the
Unlawful Internet Gambling Enforcement Act was passed by US Congress last year.
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed