Britain’s Bet365 Buoyed by Record Growth

UK based bet365, one of the largest online gambling operators in the world, got a little bit larger during the last financial year thanks to an increase in mobile betting activity.

Following a review of the company’s financials during the 12 months between March 31, 2014, and March 31, 2015, bet365 has reported a 26.5 percent growth figure.

According to the balance sheet, bet365’s profit before exceptional items hit £409.3 million while year-on-year revenue was able to peak at just under £1.5 billion.

More Mobile Bettors

Much of the recent growth is down to an increased sports betting customer base … Read more

GVC Bwin Takeover Suddenly Not-So-Pretty

Could the GVC acquisition of bwin.party be under threat? The Independent newspaper seems to think it could, as GVC’s lately tumbling share price has suddenly made it a less palatable prospect.

As we reported several weeks ago, GVC won the battle to acquire bwin following an all-out raising war with competing bidder 888 Holdings. The bwin board chose to accept a higher offer from GVC, of £1.1 billion made up of cash and shares, except that the “share” part of the deal has been decreasing in value ever since.

As the Independent notes, GVC’s offer valued bwin at around … Read more

Controversial Paddy Power Blatter Ad Upheld by ASA

PaddyPower has survived its latest inquisition from the Advertising Standards Authority (ASA) into a recent ad that exhorted FIFA’s Sep Blatter to “just f***” off already.”

Amusingly, the authority upheld the ad, which was placed in the Guardian newspaper, because it chimed with the public mood, reflecting, in the words of the ASA, fans’ “overwhelming sentiment” that the embattled FIFA chairman should, in fact, just eff-off already.

The ASA was responding to a complaint from a member of the public that the use of the expletive, which featured in PaddyPower’s campaign to advertise odds on the next FIFA chairman, would … Read more

Rank Gets a Wrist Slap Over Money Laundering Issues, Paddy Power Betfair Hook Up

The UK Gambling Commission (UKGC) is urging all UK gambling operators to ensure they have effective measures in place to combat money-laundering and problem gambling.

The commission warned its licensees to learn from the shortcomings recently exposed at the Rank Group, which was censured following the conviction of one of its best customers on money-laundering charges.

Da Feng Ding was a frequent visitor to the Rank Group’s Grosvenor chain of casinos, where he blew a reported six-figure sum over a period of three years before his arrest.

Casinos have, in the past, provided a full dry cleaning service for

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Neymar Junior Banned from PokerStars’ UK Ads

It’s early September and the football transfer window is over once again, which means we can all stop stressing about Arsenal’s habitual paralysis around this time of year and whether or not David De Gea has missed his flight to Madrid. Newsflash: he has!

Of course, the best signings over the last year or so have been made not by Chelsea, or even Manchester City, but by online poker giants PokerStars.

Two of the world’s top footballing superstars, Cristiano Ronaldo and Neymar Jr, have both signed up to become ambassadors in recent months.

Even the “old Ronaldo” has hopped … Read more

Betfair and Paddy Power Merger Causes Industry Shake Up

The latest pair of iGaming operators to agree to a merger was revealed today when Betfair and Paddy Power announced a deal worth £5 billion.

Traditionally two of the largest online bookmakers in Europe, Betfair and Paddy Power have seen their fortunes increase in recent years thanks to flourishing casino and poker platforms.

Rising Fortunes for Betfair and Paddy Power

In fact, according to the latest financial reports, both companies have seen impressive revenue increases in the first half of 2015.

For Betfair, the opening six months of 2015 have resulted in £135.4 million in total revenue.

Thanks to impressive … Read more

DraftKings Set to Launch UK DFS Site

One of the leading daily fantasy sports (DFS) operators, DraftKings, has been granted a licence to operate in the UK.

Having established itself in the US as the go-to place for fantasy betting on American football, the company is now setting its sights on the UK market and has opened up a new office in London to mark the occasion.

Application Sought, Permission Granted

DraftKings initially applied for a UK gambling licence back in June.

Following an initial report by TotallyGaming, documents submitted to the UK Gambling Commission (UKGC) revealed that the company listed its Boston address as its main … Read more

William Hill and Ladbrokes Hit Hard by New Online Gambling Tax

William Hill and Ladbrokes, Britain’s two biggest bookmakers, have reported sliding financial results this week, as increased online gambling taxes begin to kick in. Both William Hill and Ladbrokes have said the UK’s new “point of consumption tax” has hit them hard, along with a bigger duty on fixed-odds betting terminals (FOBTs).

The new tax regime was established at the beginning of this year, following the implementation of the UK Gambling Act, and requires online operators with exposure to the UK market to be licensed and regulated within the UK, and to pay a 15 percent levy on gross … Read more

A newly licensed PokerStars sportsbook has landed on the company’s Irish platform. The online poker giant, whose head offices are based in Dublin, recently rolled out sports betting in beta phase in selected jurisdictions, including the UK, and now Irish punters will also be able to have a sporting flutter via their favourite poker site.

The move follows the highly successful introduction of casino gaming to the previously poker-only site, part of a string of changes that have been introduced by PokerStars’ new Canadian owners, Amaya Inc.

Amaya recently announced that its online casino revenues have exceeded expectation since the … Read more

GVC Raises Stakes to £1 Billion in Bwin.party Takeover War

GVC Holdings is in it to win it: bwin.party, that is.

A battle between online gambling superpowers is raging over the future of sports betting and poker giant bwin.party, with GVC tabling a hefty £1 billion offer this week in an effort to drive 888 Holdings out of the picture.

It’s a shocker because a bid from 888, for £898 million, had looked to be a done deal. The bwin board had recommended the 888 offer to its shareholders, and announced that it was ready to move forward to finalize the deal.

The board had favored 888’s offer over a … Read more