OCUK News Centre

New Rules Call Time on Betting Adverts During Sports Broadcasts

The Industry Group for Responsible Gambling (IGRG) has confirmed that a whistle-to-whistle ban on betting adverts will come into effect next year following a meeting with UK operators.

In announcing the new advertising rules on December 13, the IGRG put to bed earlier rumours that changes were coming. First picked up by the BBC, initial reports suggested that all UK betting operators had agreed to a ban on adverts during sporting events before the 9pm watershed.

IGRG Confirms Betting Adverts Ban

RGA CEO Clive Hawkswood told iGaming Business on December 6 that the BBC had “got it wrong” and that … Read more

UK Bookmakers Unfreeze Odds on White Christmas as Artic Winds Blow

UK bookmakers are slashing their odds on a white Christmas after reports of an arctic blast sweeping the country hit the headlines.

The annual tradition of betting on a white Christmas has become something of a money-spinner for UK betting operators in recent years. Despite the eternal promise of snow on Christmas Day, early forecasts have often fallen short of expectations.

However, with the MET Office currently tracking the movements of a cold snap, UK bookmakers have started to adjust their betting lines ahead of the big day.

Arctic Chill to Warm-Up Betting Markets

According to the latest weather reports, … Read more

Barclays Promotes Responsible Gambling with Merchant Control Feature

Barclays bank has launched a new type of responsible gambling feature that will allow customers to manage their spending habits by restricting deposits to online gaming sites.

Currently applicable to debit card transactions, the new switch off feature is called merchant control and is available in the latest version of the Barclays mobile app. Although the update isn’t designed to target the gaming industry specifically, online and offline transactions to betting operators are named among the list of controllable industries.

Barclays Merchant Control will cover the following  areas:

Gambling

Premium-rate websites and phonelines

Restaurants, food outlets, pubs and bars

Petrol … Read more

Political Pressure Could Ban Betting Ads During Sporting Events

A whistle-to-whistle ban on betting adverts could be on the cards but the Remote Gambling Association (RGA) has stressed that it’s far from a done deal.

According to a report by the BBC, a new RGA proposal will see its members agree to not show adverts during live sporting events.

As per the December 6 article, the ban would exclude horse racing broadcasts but include all other sports. Additionally, the ban will prevent betting ads being shown during events that start before but end after the 9pm watershed.

Political Pressure Challenges Operators

In response to the BBC report, the RGA … Read more

GVC Holdings boss Kenneth Alexander has been caught in another pay row after the Investment Association (IA) warned 32 FTSE companies about potential shareholder revolts.

The trade body representing UK investment managers named Alexander as part of a 15-strong list of company chairman receiving so-called fat-cat pay cheques. At the heart of the recent warning from the IA is the GVC boss’s £18.4 million salary.

Pay Cut Doesn’t Cut It

Despite being £1.4 million less than he took home in 2016, the IA has said that Alexander and others on its list are ignoring the concerns of shareholders.

“While many

Read more

Billy Joe Saunders Wagers £70,000 on Tyson Fury Win

British boxer Billy Joe Saunders is set to bank more than £96,000 if his friend Tyson Fury beats Deontay Wilder and becomes WBC heavyweight champion.

Ahead of the December 1 showdown in LA, Saunders posted an Instagram clip of his high stakes wager. Tagged with the title “Let’s Go Champ,” the short video (see below) shows the former WBO middleweight champion betting £70,000 on Fury at odds of 11/8.

Fury Ready to Rock but Not Bet

Should his friend and fellow traveller emerge victorious inside the Staples Centre, Saunders will collect £166,250 for a profit of £96,250. After placing the … Read more

Tyson Fury Refuses to Endorse Betting Brands Ahead of Wilder Fight

Tyson Fury has spurned the advances of all betting brands as he prepares for his WBC heavyweight title fight against Deontay Wilder.

Ahead of the December 1 showdown against the American champion, Fury told IFL TV that he didn’t want to endorse something that could harm people. Having suffered from mental health issues himself, the British boxer told presenter Kugan Cassius that he wants to use his position to promote positive thinking.

Fury Wants People to be Happy

Although he declined to address the topic or company directly, a previous interview with Fury’s trainer Ben Davison revealed that a close … Read more

UK Gaming and Betting Brands Spend £1.1 Billion on Online Advertising

UK gaming and betting companies now spend the majority of their marketing budgets in the online world according to a recent report by Regulus Partners.

Outlined in the Gambling Advertising and Marketing Spend in Great Britain 2014-17 report, operators spent £747 million on online adverts in 2017. As well as being almost 50 percent more than 2014’s £400 million total, the latest figure is £513 million more than the industry’s TV advertising expenditure.

Billion Pound Budgets

Breaking down the statistics, betting, casino, bingo and poker operators are responsible for the bulk of the industry’s online spending. Compared to the lottery’s … Read more

Bet365 Boss Denise Coates Nets £265 Million Payday

Bet365 CEO Denise Coates has reaffirmed her position as the top gaming CEO in the UK by receiving a £48 million annual pay rise.

After making the headlines in 2017 thanks to her £217 million payout, the Bet365 founder has seen her salary top £265 million this year. Outlining its 2017/2018 accounts, Bet365 noted Coates’ salary increased from £199 million to £220 million, while dividend payments of £25 million added to her latest pay packet.

Revenue Boost for Bet365

As well as reporting on Coates’ earnings, the financial summary offered an insight into Bet365’s annual performance.

According to a Companies … Read more

GVC Holdings Wins as Theresa May Brings Forward FOBT Deadline

The deadline reducing the maximum bet on fixed odds betting terminals (FOBTs) will now take place earlier than expected, something that will benefit GVC Holdings but hurt other operators.

Following pressure from Conservative party members, backbenchers and opposing MPs, Prime Minster Theresa May has been forced to backtrack on the recent FOBT decision. As part of the 2019 budget, Chancellor Philip Hammond said the maximum FOBT stakes would be cut from £100 to £2 in October.

May Performs U-Turn

However, following backlash from MPs across Westminster, May has confirmed that the changes will now take place in April 2019 as … Read more