...as suggested here on 22/5/15 when I said:
"In addition you have to ask yourself whether the regulator could force them to shut down or sell their operations to another operator? I mention this because I recall last year Selftrade caused a furore when they started asking a whole load of intrusive questions of their clients at the behest of the regulator so they could "Know their clients" sufficiently. I seem to remember this ran for a few months and in the end they sold themselves to Equiniti. I note that Playtech (PTEC) moved into this area recently and I guess they could easily afford to mop this one up in some kind of forced sale type situation, but would they need to?"
If only I had been bolder to have bought near the lows - ah hindsight it is a wonderful thing. Interesting that after talking tough last week and no mention of any approach that this has come out so quickly afterwards and now they are saying that they expect revenues to be down and margins to take a big hit from the extra marketing spending.