Tag: Bookmakers

GVC Holdings balance retail revenue fall with optimistic outlook towards new horizons

GVC Holdings retail revenue
Though predictions concerning the number of shop closures have fallen, GVC Holdings will still be closing 900 outlets in the next two years

Scientific Games extends Mark Jarvis partnership

Scientific Games partnership Mark Jarvis Racing
Scientific Games has announced a three-year extension of its partnership with independent Licensed Betting Office operator, Mark Jarvis.

Different defensive strategies will lead to the same outcome for bookies

LBO Sector Closure comment Dan Waugh
Analysing the shop closure announcements from both Will Hill and GVC in his weekly Winning Post blog, Regulus Partners’ Dan Waugh identifies the differing..

“Not the end of this conversation”

Jeremy Wright Secretary of State for DCMS
In an oral statement to parliament, Secretary of State for the DCMS, Jeremy Wright, his views on the recent commitments made by some of the gambling..

UK bookmakers increase funding for problem gambling treatment

Bookmakers FOBT
Whether it’s too late in coming, it has at least finally come. The leading bookmakers have made good on their promise to raise their contribution to funding

Bookmakers up problem gambling treatment funding

problem gambling
The UK’s biggest bookmakers have agreed to increase funding for problem gambling treatment to £100m over the next four years.   Owners have confirmed that they will increase their voluntary levy on gambling profits from 0.1 percent to 1 percent. The companies include Ladbrokes Coral, Paddy Power Betfair, Skybet, William Hill and Bet 365. “This is an unprecedented level of commitment and collaboration...

Gambling’s big five agree on upscaled voluntary levy

Jeremy Wright gambling firm levy
In a move they hope will mitigate growing calls for a mandatory tax, some of the biggest gambling firms have agreed to substantially grow their annual contributions..

Advertising authority bans three betting ads over irresponsibility claims

ASA Advertising Standards Authority betting ads
The Advertising Standards Authority has banned three separate gambling adverts from William Hill, Monopoly Casino and Paddy Power, over complaints..

FOBT revenues tumble 40 per cent, say betting shops

Paddy Power Betfair FOBT stakes
Early indications from major betting shop firms suggest that new FOBT stakes has slashed B2 revenue by around 40 per cent.

Wright and wrong – culture secretary slams bookmaker bypass

Jeremy Wright Bookmakers bypass
Culture Secretary Jeremy Wright has labelled bookmakers supposedly bypassing the FOBT stake limits as “disgraceful” after Paddy Power and Betfred withdrew controversial titles Pick-n-36 and Virtual Cycling.

Betfred sets high-street bookmakers up for £1bn rebate, paving the way for further claimants

Betfred High Street
A tribunal ruling in favour of Betfred could secure a £1bn tax rebate for bookmakers, while opening the door for operators in other sectors of the industry to pursue similar claims. Betfred has secured a legal victory over HMRC that could lead to a £1bn tax rebate for high-street bookmakers, as well as further implications for the industry. A First-tier tribunal (FFT)...

Industry event to discuss Future of the UK High Street Bookmakers

High Street
Panels and keynotes planned for September 13 at Soho Hotel, London Stakeholders in the future of the UK high street bookmakers will be taking part in a dedicated event taking place on 13 September that will look into how the industry should respond to the upcoming £2 maximum stake on B2 gaming machines. The event, to be held at the Soho...

FOBT stake cut delay until April 2020 is “unacceptable”

FOBT, stakes, Industry, politics, finance
According to The Times, a cut to the maximum stake on FOBTs will not be implemented until April 2020 following a backroom deal between the Treasury and bookmakers. Bacta, however, aims to ensure this “unacceptable” timeline does not occur. The long-sought after cut to the maximum stake on FOBTs will not be implemented until April 2020 following reports of a...

All bookie-backed hands on deck to stop £2 stake cut

William Hill/Ladbrokes
Betfred’s boss, Will Hill’s chairman, JenningBet’s MD and the bookie’s Bonnie and Clyde in parliament all scrambled last week to make a last ditch attempt to stop FOBTs maximum stake from being cut to £2. Bookmakers made what could be their last attempts at lobbying last week in anticipation of an announcement from the DCMS on the maximum stake for...

Victory for Newham residents as Government finally listens to calls to start addressing problem gambling

FOBT, stakes, Industry, politics, finance
Today, the Mayor of Newham, Rokhsana Fiaz welcomed the Government’s decision to reduce the maximum stake available on Fixed-Odds Betting Terminals (FOBTs) from £100 to £2. Mayor Fiaz said, “I am proud that as a Council, Newham has been at the forefront of the campaign to protect the poorest and most vulnerable. The industry has brought this upon itself by...

A logical mixup – Are arcades any riskier than FOBTs

responsible gambling
Does the ABB’s argument that arcades are risky, while FOBTs are safe, hold any water? Joseph Ewens considers the evidence. How can the ABB argue that there is no link between FOBTs and problem gambling and then suggest that arcades pose a greater risk? Let’s break down their argument. The one clear statement the Commission has made which backs up the...

Bookmakers ramped up “gifts” to MPs 
as triennial takes centre stage

Coinslot Bookmaker Gifts Triennial Review
A parliamentary register of interests reveals the bookmaker and horse racing lobbies have quadrupled their “donations” to MPs in the year ahead of the triennial review. Bookmakers and horse racing execs escalated their complements to British MPs in 2016, at a time when politicians have been weighing up tighter regulations on FOBTs. A register of MP’s interests, which details the value...

Amaya and William Hill merger talks abandoned

william hill fobt
UK bookmaker William Hill and Amaya, the Canada-based online poker giant, have walked away from talks of a possible £4.5bn (E5bn) merger. Earlier this month, the two companies responded to press speculation by confirming they were in discussions regarding a potential all-share “merger of equals”. “After canvassing views from a number of William Hill’s major shareholders, the board has decided that...