OCUK News Centre

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

Daniel Sturridge Facing Red Card for Alleged Betting Foul

Liverpool striker Daniel Sturridge is at the centre of Football Association (FA) investigation after suspicions were raised about his January transfer movements.

According to information given to The Telegraph, the footballer is under the spotlight for “allegedly passing on gambling information” to a member of the public. Ahead of his loan move to West Brom, an unnamed punter placed a large bet on Sturridge making his way to Inter Milan.

Unusual Bet Sparks Investigation

Described as someone from a “modest background,” the size of the wager was enough to raise alarm bells and prompt an investigation into what motivated the … Read more

MPs Line Up to Vote Down Philip Hammond’s FOBT Changes

Fixed odds betting terminals (FOBTs) are threatening to split the government as Tory members line up to vote against Philip Hammond’s recent budget announcement.

In the wake of Tracey Crouch resigning as Minister for Sport and Civil Society, Westminster insiders have said that there are more than 20 MPs ready to take action against FOBTs.

As part of the parliamentary process, Hammond’s 2019 budget will have to pass a vote before the new levies, rates and taxes come into effect.

According to political publication The Spectator, Conservative MPs, including Jacob Rees-Mogg, have signed a Commons amendment calling for the FOBT … Read more

Scout Gaming to Diversify UK Gaming with Daily Fantasy Sports Licence

Scout Gaming has been granted a B2B licence by the UK Gambling Commission (UKGC), a move that will give British punters access to more fantasy sports (DFS) sites in the coming months.

Announced on November 6, the approval goes alongside the gaming operator’s existing B2C licence and will dramatically increase its footprint within another regulated market. In real terms, Scout Gaming can offer its DFS services across its 12 partners, including those already active in the UK.

DFS Demographics are Different

Commenting on the news, Scout Gaming CEO Andreas Ternström said the deal was not only a positive for his … Read more

LeoVegas Sees Third-Quarter Growth but CEO Wants More

LeoVegas is on course to meet its two-year financial targets despite recent regulatory unrest within the UK and European gaming industry.

Publishing its latest quarterly report on November 7, LeoVegas noted a revenue increase of 41 percent to £68.6 million. Delving further into the data for the period between July 1 and September 30, net gaming revenue from regulated markets now stands at 35.5 percent, while organic growth improved by 14 percent.

UK Opens Up New Potential

The number of depositing customers also grew year-on-year from 202,890 to 318,189. The growth was fuelled, in part, by an increased presence in … Read more

William Hill Issues Profit Warning As Hammond’s Budget Bites

William Hill has issued a profit warning following Philip Hammond’s recent budget announcement which outlined the fate of fixed odds betting terminals (FOBTs) and tax rates.

With the Chancellor’s budget plans causing a political stir, William Hill’s chief executive Philip Bowcock has said tougher operating conditions will affect the company’s bottom-line.

“Retail continues to be challenged by the wider high street conditions and we have seen gaming as well as sportsbook revenues decline in the period,” Bowcock said in a November 6 trading update.

Budget Spooks Investors

In projecting its full year earnings, William Hill issued a revised forecast of … Read more

The UK Gambling Commission’s (UKGC) new dispute resolution guidelines came into effect on October 31 as part of the regulator’s ongoing effort to improve customer service standards.

Announced in mid-October but coming into force at the end of the month, the standards outline how alternative dispute resolution (ADR) services should operate going forward.

Initially set-up by the regulator in 2015, ADR is designed to offer an independent complaint handling service in instances where traditional methods have failed.

After reviewing the state of play in 2017, the UKGC identified five areas where operators were failing consumers. As well as making it … Read more

Digital Expansion Needs for William Hill Inspire Mr Green Takeover Bid

William Hill has made a play to offset recent regulatory changes by launching a £242 million bid for online operator Mr Green.

Following the decision to have tighter controls on fixed odds betting terminals (FOBTs), the UK gaming firm is planning to expand its global reach by acquiring Mr Green & Co.

Based in Malta but drawing the majority of its revenue from Europe, Mr Green has become one of the leading online brands since going live in 2007.

Opening New Doors

According to the company’s latest financial report, 36 percent of its revenue comes from western Europe, while the … Read more