[vc_row][vc_column][vc_column_text] UK co-mingling going well says Hong Kong chief Exposure for British Tote punters to the Far East’s second biggest pool-betting market behind Japan has gone better than expected since the launch of co-mingling in November, according to Hong Kong Jockey Club chief executive Winfried Engelbrecht-Bresges. In the same breath, though, he ruled out any direct […]
[vc_row][vc_column][vc_column_text] Levy plans receive European approval BHA chief executive Nick Rust last week spoke of “an exciting future” for both the sport and the betting industry after the European Commission finally endorsed the government’s reforms of the levy system as in line with state-aid rules. The news means one of the final hurdles for implementation […]
[vc_row][vc_column][vc_column_text] Row breaks out over Arc prize-money It has been just like old times in British racing in the last week with Arena Racing Company being criticised by owners and trainers over low prize-money. Arc used to be the bete noire of the Horsemen’s Group in the days of prize-money tariffs but their reputation has […]
[vc_row][vc_column][vc_column_text] Industry Developments: The betting industry is having to play the waiting game on a number of fronts as politicians and regulators work on matters which are likely to have a lasting effect on the sector. Most immediately both bookmakers and racing are waiting for the European Commission to give their approval to the government’s […]
[vc_row][vc_column][vc_column_text]Commingling has really picked up the pace since the British came on board, with last Sunday week’s HK$159.5 million in commingling turnover a new record and the British component of that was HK$108.1 million. Last Sunday’s figure for Sprint Cup-Chairman’s Trophy day was lower but in the same ballpark and still very significant, and it […]
[vc_row][vc_column][vc_column_text]Betting on Football (BOF 2017) is the largest sports betting industry event, held 3 – 5 May at Stamford Bridge. More than 800 delegates will experience world class hospitality, unlimited networking and business opportunities, exhibition and product display, as well as top of the class speaker sessions from 125 leading industry experts. Conference & Sessions: […]
[vc_row][vc_column][vc_column_text] Ascot maintains independent stance on issue of pool betting Ascot has ploughed its own furrow on a number of issues in recent years and officials there have decided to go their own way when it comes to the liberalisation of pool betting from 2018. The course was lukewarm in its support for the authorised […]
[vc_row][vc_column][vc_column_text] Mullen hails performance at Ladbrokes Coral Ladbrokes Coral chief executive Jim Mullen hailed a strong performance by the newly merged company, who posted their preliminary results for 2016 last week. The costs of the merger meant the company made an operating loss of £202.4 million in 2016. However, on a pro forma basis, which assumes […]
[vc_row][vc_column][vc_column_text] Radical measures could be coming on machines Betting shop operators have been warned to brace themselves for bad news coming from the government’s review of gaming machines by former culture secretary John Whittingdale. Whittingdale, who held responsibility for gambling in government until being replaced by Karen Bradley last July, delivered the gloomy message as […]
[vc_row][vc_column][vc_column_text] Bookmakers hail results from Cheltenham The aftermath of last year’s Cheltenham Festival prompted profit warnings and tales of the worst results for bookmakers at the meeting in years but things were very different this time around. Cheltenham Gold Cup day is second only to the Grand National in scale when it comes to betting […]
