OCUK News Centre

Could 888/William Hill Deal Create a New UK Betting Powerhouse?

888, Rank, William Hill merger.

Could 888, Rank and William Hill be set to form a betting super power in the UK? (Image: williamhillplc.com)

The UK betting industry could be set for a major shakeup if a deal between 888, Rank and William Hill comes to fruition.

Although a firm offer has yet to be tabled, William Hill confirmed that has been interest in a merger from 888 and Rank.

For those with long memories, this may seem like a case of déjà vu as 888 proposed a similar deal to William Hill back in 2015. After those talks broke down, the online gaming company … Read more

UKGC to Crackdown on eSports Betting

Betfair partners with Barcelona stars like Messi.

The UKGC will take a look at eSports betting, while Betfair is set to partner with Barcelona stars like Lionel Messi (pictured). (Image: goal.com)

The UK Gambling Commission (UKGC) is set to review emerging gambling markets across the country in a bid to continue its protection of players.

Following the release of its annual report, the UKGC has pledged to review new betting opportunities such as eSports and Bitcoin as they continue to gain traction in the UK.

The shift in focus is part of new CEO Sarah Harrison’s mission to tackle any potential issues relating to “regulation and player … Read more

UK Online Poker Industry Could Help Boost New Jersey’s Fortunes

UK and New Jersey online poker playerpool sharing.

The UK and New Jersey could soon become online poker partners if a deal can be agreed upon. (Image: britishcouncil.org)

British online poker players could soon be linking up with their transatlantic cousins if a liquidity sharing deal with New Jersey comes to fruition.

Since the US Department of Justice (DOJ) shutdown the online poker industry in 2011, players in the UK have been unable to exchange bets with their American counterparts.

However, with the market starting to open up on a state-by-state basis and liquidity sharing coming into its own, talks are now underway to reconnect two of the … Read more

Betfred Generates More Revenue but Taxation Cuts Profits

Betfred profits drop after tax hit.

UK gamblers are spending more but Betfred’s profits have taken a tumble thanks to new taxation. (Image: thedrum.com)

Betfred’s annual profits have been negatively impacted by the UK Gambling Commission’s (UKGC) new taxation policy.

Assessing its financial performance from September 2014 to September 2015, Betfred found that its gross earnings increased from £170 million per week to £200 million per week.

However, the combination of taxation and the closure of its Australian operations have caused the operator’s Earnings before interest, tax, depreciation and amortisation (EBITDA) to fall from £101 million to £56 million.

Taxes Slash Profit Margin

In a statement … Read more