[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 […]
[vc_row][vc_column][vc_column_text] Long search over as Bowcock gets Hills job The search had started last July but after nine months it was Philip Bowcock, who had been William Hill’s interim chief executive, who was given the job permanently by the bookmaker on Friday. Despite a number of other names having been linked with the job, chairman […]
[vc_row][vc_column][vc_column_text] Ladbrokes lose £71m tax avoidance case Ladbrokes have lost a long-running legal battle with the taxman, costing them £71 million. The bookmaker attempted to minimise their corporation tax bill by adopting a scheme promoted in 2008 by accountants Deloitte that exploited a legal loophole that has since been closed. It involved two companies in […]
[vc_row][vc_column][vc_column_text]William Hill are looking to put a challenging 2016 behind them but there is still no confirmation of who will take them forward in 2017. There had been speculation that interim chief executive Philip Bowcock would be named as the permanent successor to James Henderson when the bookmaker unveiled their final results for 2016 on […]
