Everton Sponsor Stake to End UK Gambling Operations After Probe

Gambling operator Stake, the front-of-shirt sponsor of Everton Football Club, is shutting down in the UK after a regulatory investigation into its advertising practices.

The decision follows a probe by the UK’s Gambling Commission into a Stake-branded social media video featuring an adult actress, according to a statement from the regulator on Wednesday. The gambling site is operated in the UK by TGP Europe Ltd., which last year was fined £316,250 ($393,700) for anti-money laundering and social responsibility failures.