OCUK News Centre

GVC Sees Online Betting Surge as Retail Revenue Falls

GVC Holdings has reported a surge in European and online sports betting revenue despite like-for-like retail earnings in the UK falling by 2 percent.

In a trading update published on October 18, the parent company of Ladbrokes Coral reported a 14 percent upturn in business during the third quarter of 2018. Shining a light on the 10 percent year-on-year increase, GVC said that online net gaming revenue was up by 28 percent.

Live Slump Continues

Driven primarily by sports betting, the rise in online revenue has further cemented GVC’s position as one of Europe’s leading betting brands. However, despite improvements … Read more

Revolt Looms if Chancellor Philip Hammond Delays FOBT Changes

The fixed odds betting terminal (FOBT) debate is back in the spotlight after MPs on both sides of the political divide have warned that a lack of decisive action will lead to a revolt.

Talking to The Sunday People, sources have said Chancellor Philip Hammond will announce the date operators have to reduce the maximum stakes to £2 in his Budget speech at the end of October. However, with nothing set in stone, rumblings of discontent have started to reverberate through Westminster.

Cross-Section of MPs Back Immediate Action

Rallying against the indecision, Conservative MP Iain Duncan Smith has pushed back … Read more

Knives Out for Paschal Donohoe Following Irish Gambling Tax Hike

The Irish gambling tax rate will double from one percent to two percent next year following a recent announcement by finance minister Paschal Donohoe.

Outlined as part of the Irish government’s Budget 2019, the new levy will apply to retail and online bets from next year. As well as doubling the rate for traditional bookmakers, Donohoe has raised the tax rate on bets made through exchanges from 15 percent to 25 percent.

Reacting to the October 9 announcement, industry insiders described it as a critical blow for the industry. Within 24 hours, Irish betting brand Paddy Power Betfair saw £250 … Read more

Lucy Buckley Becomes Nektan CEO Ahead of Company’s US Push

Lucy Buckley will lead gaming operator Nektan’s US charge after being named as  chief executive officer (CEO) on October 9.

The appointment of Buckley comes after former chief executive Leigh Nissim resigned in July 2017. Bridging the gap between the appointment was Gary Shaw who will now become an executive director under Buckley.

Inspired Move Brings Buckley On Board

In taking the role, Buckley will resign as vice president of Interactive at Inspired Gaming Group and assume her new position on December 3.

According to Shaw, Buckley’s experience will play a key role in the company’s international expansion plans.

“Lucy’s

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GVC Holdings Leads Charge for Greater Social Responsibility

Chief executive of GVC Holdings Kenneth Alexander is taking the bull by the proverbial horns in an effort to improve social responsibility standards across the gaming industry.

In the wake of deputy leader of the Labour Party Tom Watson calling for a reduction in the number of gambling adverts on TV, Alexander has said that some sort of ban should be in place. Commenting on the company’s plans in an October 9 press release, the GVC chief have said he’s ready to see a ban on gambling averts before the 9pm watershed.

Getting Back On Track

Referring specifically to content … Read more

Golden Opportunity for William Hill Following US Sports Betting Deal

William Hill has forged a new deal with Golden Entertainment as part of its bid to become the leading sports betting brand in the US.

Just a month after agreeing to provide sports betting services to Eldorado Resort’s 21 US casinos, the UK-based operator has extended its existing agreement with Golden Entertainment.

Nevada and Beyond for William Hill

Under the terms of the new deal, William Hill will manage Golden Entertainment’s sportsbooks in three states. The new venture will start in Nevada where sports betting is already legal and see the British operator set-up shop inside four properties, including the … Read more

Bet365 Gets Court Date for £1 Million Racing Win Dispute

Bet365 is set for a legal showdown with Irish racing fan Megan McCann on November 13 as the two parties look to settle a £1 million payout dispute.

Although the court date set on September 5 isn’t a full hearing, it could prove to be a significant turning point in a case which dates back to 2016.

When legal representatives for Bet365 and customer Megan McCann meet inside the Royal Courts of Justice in Belfast, the former will look to strike out certain points from the latter’s statement of claim.

If Bet365’s team can remove enough of the claim on … Read more

Gambling adverts won’t be welcome in or around Wembley Stadium even if the Football Association (FA) sells the venue to Pakistani-American billionaire Shahid Khan.

Following a £600 million bid from Khan back in April, the FA has been keen to move the sale forward. However, an unnamed source speaking to the Financial Times has said that various organisations with an interest in the stadium could be set to veto the plans.

Government Flexes Its Muscle

With Sport England and the Department of Culture, Media and Sport both helping to fund Wembley’s redevelopment, they have a right to decide its future. … Read more

Sky Bet Addresses Racing Fans’ Backlash with Minimum Bet to Win Limit

Sky Bet has become the largest online bookmaker to offer a minimum bet to win guarantee on top-tier horse races.

Following a growing wave of discontent from punters, the operator will allow everyone to place any sized wager so long as the potential payout doesn’t exceed £500. Announced on September 3, the move is designed to quell the recent backlash against bookmakers restricting winning customers to small stakes bets.

Better Betting Conditions for Top-Tier Races

As per the new rules, Sky Bet’s minimum bet to win feature will be available for from 10am on the day of all Class 1 … Read more

LeoVegas Launches New Sports Betting Venture on BetUK

LeoVegas has added sports betting to recent purchase BetUK just two years after adding its own non-casino options.

Launched on August 29, the new platform will increase the number betting options on the site LeoVegas acquired back in January.

Following its £65 million takeover of Intellectual Property & Software Limited, LeoVegas assumed control of its assets, including BetUK.

LeoVegas Building Its Sports Betting Base

The operator quickly agreed a sponsorship deal with Swansea City FC and has now given the casino-only site a selection of sports betting options. In addition to pre-event markets on 32 different sports, BetUK will also … Read more