Adebayo Akinfenwa Claims He’ll Sleep Rio Ferdinand in a Boxing Bout

Betfair’s mission to turn Rio Ferdinand into a professional boxer has drawn some attention from a 16-stone footballer known as the Beast.

Although Ferdinand and Adebayo Akinfenwa rarely crossed paths on the pitch when the former was an active player, they could end up meeting in the ring as part of Betfair’s defender to contender challenge.

When the online betting operator first announced its deal Ferdinand back in September, it did so with the intention of helping the ex-footballer take on a pro-level boxer.

Footballers Could Collide in the Ring

However, with Ferdinand deep into his new training regime, it … Read more

Sky Bet Performing Well but Warns Government Against Tax Hike

Sky Bet has warned the government not to penalise UK-based operators by raising the point of consumption tax on betting revenue.

Following the publication of the online operator’s latest financial report, Sky Bet chief executive Richard Flint has written to Chancellor Philip Hammond to ensure a tax rise isn’t in his plans.

Although the Chancellor hasn’t suggested he wants to increase the point of consumption tax that was implemented in 2014, Flint is bidding to avert any potential moves before they happen.

Changes Aren’t a Longshot

With the government already in the midst of reviewing a potential change to the … Read more

bet365 Banks £2 Billion Following Upturn in Betting Activity

Bet365 banked more than £2 billion in the last 12 months thanks to increased mobile activity and Brexit’s impact on the pound.

Following another year of growth, bet365 reported a £514 million uptick in pre-tax profits for an annual operating profit return of £503 million. The 15 percent increase in operating revenue was helped by a 27 percent upswing in sports betting activity as well as the number of active customers jumping up by 35 percent.

Rises and Falls Helps bet365

In line with recent developments, the mobile arm of bet365 continued to perform well. With in-play betting continuing to … Read more

GVC Asset Sale Could Fund Another Bid for Ladbrokes Coral

GVC Holdings has announced the sale of Headlong Limited and its Turkish facing operations, prompting speculation that its preparing to make another play for Ladbrokes Coral.

Following reports of a 10 percent increase in Q3 revenue across its various gaming businesses, GVC has confirmed the sale of Headlong and its associated assets to Ropso Malta Limited. The deal, which is expected to be completed by the end of December 2017, is worth €150 million (£134 million) in cash receivable on a monthly basis over five years.

A Move Away from Grey Markets

The decision to offload its Turkish operations … Read more

Controversy and Conor McGregor Help Paddy Power’s Online Sportsbook  

The August 26 showdown between Conor McGregor and Floyd Mayweather helped Paddy Power Betfair negate a poor summer of sports betting activity.

Reporting on 2017’s third quarter earnings, the parent company of Paddy Power noted a 9 percent increase in revenue to £440 million. This upswing resulted in a 7 percent jump in profit to £121 million in the three months to September 30.

A Slow Summer of Sport

However, while earnings for the group as a whole was up, online revenue dropped by 3 percent. Due to a lack of major football tournaments over the summer months, Paddy Power Read more

Could UK Online Poker Sites Benefit from Pennsylvania Regulation?

Positive developments in the US could help the UK’s online poker industry if longstanding ideas of a liquidity sharing pact can be put into practice.

As part of the UK Gambling Commission’s (UKGC) drive to improve its services and make its market the best in the world, sharing resources with other countries has long been discussed. In light of this, the regulation of online poker, casino gaming and daily fantasy sports in Pennsylvania could bring talks of a possible deal back to the fore.

UK Online Betting Industry Increase

Between 2015 and 2016, the gross gaming yield (GGY) for the … Read more

Snooker World Champion Stuart Bingham Banned for Betting

Former snooker World Champion Stuart Bingham has been suspended from the sport for staking more than £36,000 on matches.

Following a review of the 2015 World Champion’s betting accounts, the World Professional Billiards and Snooker Association (WPBSA) has suspended the pro for six months. Although half of the ban will be suspended until October 2018, Bingham will miss the UK Championship at York in November and the Masters in London at the start of the New Year.

Bingham Raises the Stakes

In addition to his suspension, the world number nine must pay £20,000 in costs. According to the chairman of … Read more

Supreme Court Forces Phil Ivey to Fold in £7.7 Million Crockfords Case

Phil Ivey and his £7.7 million baccarat case against London’s Crockfords Casino has come to the end following a recent Supreme Court ruling.

In what’s been one of the longest plays of his life, poker pro Phil Ivey has been forced to fold and give up the money he won during a now famous session of Punto Banco (a form of baccarat) back in 2012.

Despite having previous losses in the judicial process, Ivey’s legal team appeared in front of the Supreme Court on July 13, 2017, to make a final stand for the £7.7 million payout.

Last Glimmer

Read more

UK Gambling Adverts Spark Social Responsibility Debate

The way UK gambling sites advertise their services has come under fire following a recent report aired on the Victoria Derbyshire show.

Investigating the prevalence of gambling related adverts on UK TV, reporters for the BBC Two show found that 95 percent of breaks during live football matches contained at least one betting ad.

Although advertising laws state that gambling promos can only be shown after the 21:00 watershed, there are exceptions when it comes to live sporting events.

Gambling Ads Stacking Up

In addition to the headline stat, the report analysed the ad breaks before, during and after 25 … Read more

Ladbrokes Back in Court Over £71 Million Tax Debt

Ladbrokes is taking on HMRC once again after its tax avoidance case was granted a hearing at the Court of Appeal.

Prior to its 2016 merger with Coral, Ladbrokes found itself in hot water with the UK’s tax authority because of a scheme devised by accounting firm Deloitte.

When the initial case went to tribunal in 2015, judges ruled that Ladbrokes’ bid to exploit a 2008 legal loophole (which was closed months later) wasn’t legal.

In February 2017, the gaming firm was back in court to hear that a group of judges had agreed with the initial decision that anti-avoidance … Read more