British Punter Loses £100,000 Betting on Conor McGregor  

The boxing match between Conor McGregor and Floyd Mayweather attracted more than £250 million in bets according to UK bookmakers.

As the eyes of the world watched the two high profile fighters square off on August 26, bookies across the country were tallying up their bets. According to Bet Bonus Code, the UK’s leading betting sites saw £250+ million wagered on the contest.

Long Odds Attract Punters

Speaking to the Daily Star, a spokesperson for the company noted that Leicester City’s infamous Premier League win during the 2015/2016 season has renewed interest in long odds betting.

“Interestingly, ever since Leicester’s … Read more

Playtech Enjoys Financial Upswing Despite Increasing iGaming Regulations

The London Stock Exchange’s Playtech has announced an increase in sales to £389 million for the first half of 2016 despite increased regulations and taxes across the iGaming industry.

According to the latest financial report from the FTSE250 company, revenue on a constant currency basis for the six months to June 30, 2017, is up 30 percent year-on-year.

From this figure, adjusted earnings before interest, tax, depreciation and amortisations was up 24 percent to £158 million while net profit jumped to £83 million.

Figures Improve Despite Challenges

The positive results come in the face of increased regulation and taxation across Read more

UK Gamblers Are More Aware of Risks Thanks to GambleAware

UK gamblers are more aware of the industry and its potential pitfalls according to a recent study by YouGov Plc.

Looking into the effectiveness of the GambleAware scheme, the YouGov Plc. poll found that a “substantial” number of people now understand the betting industry and its support network. Surveying 4,000 UK adults, YouGov and GambleAware found that 43% of respondents were not only familiar with the awareness programs available to those in need, but how they could access them.

Provisions such as the National Gambling Hotline have been set-up by GambleAware as a way to not only promote safe gambling, … Read more

Conor McGregor Fight Causing UK Betting Records to Fall

Conor McGregor and Floyd Mayweather are setting UK sportsbooks alight ahead of their Las Vegas showdown.

When UFC star McGregor takes on former boxing champ Mayweather on August 26, industry insiders expect between £200 and £300 million to be wagered live and online.

Speaking to The Daily Mail’s sports correspondent Daniel Matthews, Betfair’s Barry Orr said that the fight has captured the public’s imagination like never before.

Despite a number of commentators calling the bout a mismatch given McGregor’s lack of pro boxing experience, Betfair’s exchange has already seen £19.95 million wagered. Even with a few days to go before … Read more

British Racing Fans Set for New Betting Options With Colossus Bets

British racing fans will soon have new ways to bet at some of the country’s leading course thanks to a new deal with Colossus Bets.

Announced on August 17, the partnership between British Racecourses and Colossus Bets will bring new pool betting innovations to live punters across the UK.

British Racecourses is the representative for 54 venues across the country and its new deal will filter a wave of big money jackpots and online-style betting options throughout its network courses.

A New Wave of Betting Options

Described as a “sleeping giant” by Colossus Bets’ COO David O’Reilly, pool betting … Read more

Woman Wins £845,000 Mansion Courtesy of House Lottery

A special house lottery has helped one lucky punter turn £20 into a mansion worth £845,000.

In one of the strangest lottery winner stories of 2017, Marie Segal from Warrington has managed to win a six-bedroom property known as Melling Manor after spending just £20 entry tickets.

The unique raffle was the brainchild of Melling Manor owners Dunstan Low and his wife Natasha Doboz.

Genius Ideas Saves the Day

After struggling to maintain the mortgage repayments on their luxury property, the couple decided that selling up was the only option. However, after failing to secure an offer large enough to … Read more

Bloom’s Betting Links Won’t Hurt Brighton FC’s Premier League Dreams

Brighton FC owner and Chairman Tony Bloom is the talk of the football world at the moment, but his links with the betting industry mean he’s towing a thin line with the Football Association (FA).

After investing £80 million into the football club back in 2009, Bloom’s gamble finally paid off at the close of the 2016/2017 when the Seagulls made it to the top flight of English football.

The eight-year effort required around £250 million in investments and the bulk of the money came from Bloom’s sports betting business: Star Lizard Consulting.

FA Takes Hard-line on Gambling

Despite having … Read more

Church of England Expresses Concern Over Possible FOBT U-Turn

The Church of England is pushing the government not to go back on its plan to publish a review into fixed odds betting terminals (FOBTs).

Picking up on the Daily Mail’s recent report that the Chancellor of the Exchequer Philip Hammond has rallied against curbs on FOBTs, the Right Reverend Alan Smith has voiced his concern.

Taking a line that’s previously been pushed by the Church of England’s parliament, the General Synod, Smith asked for reassurance that the FOBT review will be published as planned.

FOBT Review Could be Put on Ice

The Mail’s report claims that Hammond believes … Read more

Paddy Power Betfair Shares Take a Hit As Chief Exec Announces Departure

Paddy Power Betfair chief executive Breon Corcoran has announced he’s leaving the company following the company’s recent financial report.

According to a revenue report released on August 8, total revenue of £827 million in the six months to July 31 represented a 9 percent growth rate. Despite being better than a loss, the increase was half that of the 18 percent growth recorded in the first half of 2017.

Revenue Strong But Not Strong Enough

On top of the slowdown in growth, £40 million of the recent haul was due to the weakness of the pound following the Brexit vote. … Read more

Online Efforts Help William Hill Lessen Retail Slump

William Hill’s online sports betting revenue increased by 13 percent in the first half of 2017 despite a dip in retail profits.

In its latest revenue report, William Hill announced that net revenue was up 3 percent to £873 million during the 26 weeks to 27 June. However, despite this upswing, pre-tax profits were down by 7 percent to £93.5 million.

Live Revenue Takes a Hit

Much of this drop has been attributed to tighter margins and lower football betting revenue across the company’s live betting shops. According to the stats, retail activity was up by 2 percent to £1.2 … Read more