Labour’s General Election Surge Costs One Punter £70,000

Betting on the UK General Election topped £20 million at William Hill, but one punter will be regretting his decision to speculate on the outcome.

When Theresa May called a snap election, many saw it as a power grab for the incumbent Prime Minster.

With Labour leader Jeremy Corbyn out of favour with many in his own party, much of the mainstream media were predicting a comfortable win for May.

Conservative Slip Costs Punter

With the weight of opinion against anything other than a Conservative majority, William Hill posted odds on a landslide victory with prices dropping as low as … Read more

Shareholder Move Fuels Talk of 888 Holdings Sale

888 Holdings largest shareholders, the Shaked Family, have sold 40 million shares in the betting company, prompting speculation that there may be a push for a sale in the near future.

Following a recent surge in the price of 888 Holdings’ shares to an all-time high of £3, the family of Aharon Shaked, one of the founding members of the company, decided to sell for the first time.

After Aharon died in 2010, he left his stake in 888 Holdings to his wife and two children, who have sat on them ever since.

Share Price Rise Prompts Sale

However, with … Read more

UK Gamblers Stake Almost £14 Billion During 2016

UK gamblers spent £13.8 billion between October 2015 and September 2016 with £4.5 billion of that haul coming courtesy of online players.

According to the UK Gambling Commission’s (UKGC) latest report, gross gambling yield for Great Britain’s collection of licensed operators was just shy of £14 billion during the last accounting period.

This figure comes despite a drop in the number of live betting shops and casinos.

Numbers Up but Provisions Down

As outlined in the statistical breakdown, the number of betting shops in Great Britain fell by 1.4 percent between March 2016 and March 2017, while players … Read more

Paddy Power Chatbot Ready to Take Your Bets

Paddy Power is about to make sports betting even easier by launching a fully integrated Facebook chatbot service.

As of November 2016, Facebook was home to approximately 34,000 chatbots and now Paddy Power is joining the party with its own betting focused product.

Paddy Power first launched its Facebook chatbot back in April when it was branded as a “betting and entertainment” hub.

According to the site’s literature, users could only use the early chat service to get betting news, find odds and use the “entertain me” button. However, all that seems to have changed in recent weeks thanks to … Read more

888 Holdings Facing UKGC Disciplinary Action As Wayne Rooney Loses £500K

888 Holdings could be facing a substantial fine or worse following a review of its social responsibility practices by the UK Gambling Commission (UKGC).

According to statement published by 888 Holdings on May 15, the UKGC is unhappy with the way one of its subsidiary sites handles things such as self-exclusion.

Although the operator hasn’t made it clear where the potential breach occurred, the implication is that it may have to enact a blanket policy change.

As part of the announcement, 888 Holdings stated that it will be co-operating fully with the UKGC’s review and that it will do everything … Read more

Online Growth Marks Positive Start to 2017 for William Hill

William Hill has reported an upturn in revenue thanks to increased traffic across its online sports betting platforms.

In a trading statement sent out by William Hill on May 9, the UK betting operator indicated that online sportsbook betting volume was up by 9 percent with net revenue improving by 8 percent.

In addition to Cheltenham providing an increase in traffic during the first 17 weeks of 2017, new mobile betting provisions helped William Hill generate more revenue.

Thanks to better access for Android users, William Hill welcomed more customers in Q1 which resulted in online net revenue increasing by … Read more

UK Gambling Commission Hits bgo with £300,000 Bad Beat

The UK Gambling Commission (UKGC) has dealt a £300,000 bad beat to bgo following a series of advertising infringements.

As part of its ongoing efforts to regulate UK gambling and ensure operators don’t mislead consumers, the UKGC has taken action against bgo over nine rogue adverts.

According to reports, bgo fell afoul of the UKGC’s code of practice (May 2015), which stipulates that operators must adequately explain the conditions attached to a “free bet” or “bonus.”

After reviewing the company’s onsite adverts as well as those published across various affiliate sites, the UKGC found that bgo hadn’t clearly outlined its … Read more

EU Green Lights New UK Horseracing Betting Levy

The UK horseracing industry changed for good on April 25, 2017, after the European Commission endorsed the government’s proposed 10 percent levy.

Back in January 2017, Sports Minister Tracey Crouch MP announced the government’s long awaited funding plan for the UK horseracing industry.

After reviewing the old system through which offshore operators weren’t required to contribute to the industry, the government decided to shake things up.

Months of planning, discussions and disputes with betting operators ensued before a final proposal was submitted to the European Commission for approval in late 2016.

That approval was finally granted in mid-April this year … Read more

£2 Fixed Odds Betting Terminals Could Cost Ladbrokes Coral £450 Million

A crackdown on fixed odds betting terminals (FOBTs) on the UK’s high streets could cost companies like Ladbrokes Coral almost £450 million according to Barclays.

With gambling opponents continuing to push the government to reduce the maximum wager on FOBTs across the UK, analysts at Barclays Capital have looked into the financial impact of such a move.

Taking the current betting limit of £100 and combining it with annual revenue figures from various high street bookmakers, the analysts concluded that Ladbrokes Coral would be the hardest hit.

Limits Would Cost Every Industry player

According to Barclays’ figures, reducing the maximum … Read more

IP Issues Mean British Horseracing Punter Loses Out On £10,000

British horseracing is causing a stir in more ways than one this week after two different bets led to two very different outcomes.

When Kerry McKay played the Pick 7 game on Sky Bet, she never expected her horses to win at Cheltenham Festival and net her £10,000.

However, despite banking a hefty sum of money, the 25-year-old’s dreams quickly turned to a nightmare after Sky Bet refused to pay the money into her account.

A month after scooping her unexpected win, McKay told Scottish newspaper The Daily Record that she’s been denied the £10,000 because Sky Bet claims she … Read more