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A former lobbyist who played an influential role in Tony Blair's rise to power is close to being unveiled as the next chairman of 888 Holdings, the online gambling giant.
Sky News has learnt that Lord Mendelsohn, who has decades of experience working for clients in the betting industry, will be named as a non-executive director of 888 in an announcement to the London Stock Exchange later.
He will then take over from Brian Mattingley, the company's former chief executive and current chairman, in the coming months, an insider said on Tuesday evening.
The appointment will make Lord Mendelsohn the second figure with close links to the Labour Party to take a role in the UK gambling industry in less than a week.
Tom Watson, the party's former deputy leader, was named as an adviser to Paddy Power's owner, Flutter, last Thursday.
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Lord Mendelsohn's appointment as the chairman of Gibraltar-headquartered 888 will come amid signs of further government curbs on the gambling industry.
The company operates sites such as 888 Casino and 888 Poker, as well as a portfolio of online bingo brands including Posh Bingo and Tasty Bingo.
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Lord Mendelsohn co-founded Oakvale Capital, a corporate finance boutique specialising in gaming, gambling and sports, and is married to Lady Mendelsohn, a former advertising agency executive who runs Facebook's operations in Europe, the Middle East and Africa.
Oakvale has acted as an adviser to gambling companies including Penn Gaming in the US, Stars Group and BetVictor.
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As a founding partner of the London-based public affairs firm LLM, he was close to both Mr Blair and, subsequently, Gordon Brown.
People close to 888 cited Lord Mendelsohn's political networking expertise as a potentially valuable asset to the company.
In Mr Mattingley, he will replace a chairman whose re-election has proved to be contentious among shareholders in recent years.
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More than 20% of 888 shareholders opposed his continued tenure at last year's annual general meeting.
888 has a market capitalisation of close to £700m, and has seen its shares rise by about 13% during the last year.
A spokesman for 888 declined to comment on Tuesday, while Lord Mendelsohn could not be reached for comment. Imdanuts pokerstars.
Betway has been hit with a record £11.6m fine for failing to verify the source of its customer's betting money as well as being socially irresponsible towards some punters.
The online gambling business was penalised by the Gambling Commission for failing to check on a 'VIP' customer who spent more than £8m and lost more than half that sum in a four-year period.
The firm was also found to have failed in its social responsibility over interactions it had with a customer who lost £187,000 in just two days.
The investigation found the £5.8m that flowed through Betway due to the lack of checks could be assumed to be proceeds of crime.
The regulator said the majority of this money will now be divested and returned to victims.
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Richard Watson, executive director at the Gambling Commission, said: 'The actions of Betway suggest there was little regard for the welfare of its VIP customers or the impact on those around them.
'We have set tight deadlines for when we expect to see progress and if we do not see the right results then we will have no choice but to take further action.
UK betting companies have been fined more than £19m in the last financial year for failing to protect problem gamblers and stop money laundering.
The case against Betway is the largest fine for failing to made adequate checks.
Previous fines include online gambling firm 888 being hit with more than £7.8m in 2017 and William Hill taken to task with a fine of at least £6.2m in 2018.
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Earlier this year, the Gambling Commission also banned customers from using their credit cards for betting from 14 April.
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That decision sparked steep falls in the share prices of major industry players at the time of the announcement.