William Hill in Trouble as CIO Steps Down

William Hill came under fire from the Advertising Standards Authority (ASA) recently after it ran a free bet promotion the organisation felt was misleading.

Following two complaints from customers who felt William Hill’s marketing material was unclear, the ASA was forced to review the “risk-free” promotion it ran in December.

According to the advertising literature, sports betting customers would get the money back if they wagered £5 or £10 on certain events during the promotional period.

Risk-Free Betting with a Catch

However, what some customers failed to realise was that in order to receive a refund they would need to … Read more

Manchester City’s Martin Demichelis Hit with Illegal Betting Charges

Martin Demichelis, the Manchester City Defender, has been charged by the FA for reportedly violating its betting rules on 12 separate occasions.

The Argentinean professional has made 18 appearances for Manchester City this season, but between January 22 and January 28 it’s alleged that he breached the FA’s rules by placing 12 football bets.

Although the FA hasn’t suggested that Demichelis was attempting to fix the matches he had bet nor had he placed any bets on Manchester City games, it has stated that he was in breach of rule E8 which was introduced in 2014.

FA Hot on Blocking

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UK Gambling Round-Up: William Hill Issues Profit Warning

William Hill has issued a profit warning after a poor run of results at Cheltenham and a string of online betting restrictions have caused revenue to drop significantly in recent months.

According to a trading update released on March 23, William Hill announced that it expects its annual profits to fall to between £260 million and £280 million which would be between £11 million and £31 million down on 2015’s total.

William Hill Takes a Knock

Before the announcement analysts had given William Hill an average forecast of £307 million; however, after the company reported a string of losses at … Read more

Paul Darling OBE Defends FOBTs and Urges Bookmakers to do the Same

Fixed Odds Betting Terminals (FOBTs) were in the spotlight again recently after the chairman of the Association of British Bookmakers (ABB) urged operators to fight back against attacks on the industry.

Speaking at the annual general meeting of the ABB on March 14, Paul Darling OBE, the chairman of the ABB, suggested that the mainstream media outlets in the UK are unfairly demonising FOBTs and bookmakers need to unite over the issue.

Betting machines, which are offered by every major betting shop in the UK, are currently generating around £1.7 billion each year in revenue, but they have also generated … Read more

Paddy Power Betfair Bullish After Pre-Merger Profit Increases

Paddy Power Betfair is bullish about its financial future, but the man at the top, Breon Corcoran, has insisted there is still work to do.

The £5 billion deal, which was originally agreed back in August 2015, was completed on February 2 when the new entity went live on both the London and Dublin stock exchanges.

An initial flurry of activity saw the new company end its first day of trading on the London Stock Exchange with a share price of £104.90 according to the Racing Post and since then its fortunes have continued to rise.

Pre-Merger Profits Were Positive

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Execs Crow about New Unibet Voice Betting Technology

A new Unibet voice betting service, Paddy Power in trouble with the Gambling Commission and Ireland taking a stand against gambling ads told the story of the UK betting world this week.

Unibet’s drive to innovate and bring their mobile betting platform into the 21st century took another step forward recently after it announced that it was trailing new voice recognition technology.

Unibet Plays Siri Says

Taking a leaf out of Siri’s book and allowing users to speak their commands instead of typing them, the latest updates to Unibet’s sports betting app could see more people using their voices to … Read more

UK Gambling Commission Report Shows Problem Gambling Remains Low

The UK Gambling Commission (UKGC) has released a report into the nation’s gambling habits for the first time and that stats reveal some surprising insights.

Using data from the past 12 months and comparing it to statistics from previous years, the UKGC found that gambling participation in the UK has dropped by 57 percent (2012) to 45 percent (2015).

However, while that might seem like bad news for the industry, the decline has been largely attributed to the drop in lottery participation.

Although still the most popular gambling activity in the UK, participation rates fell from 46% to 32% over … Read more

UK Gambling News: Gambling Addition Drugs Raises Concerns for UK Operators 

Doctors are now prescribing gambling addiction drugs to people that can’t be treated using conventional methods says a report by the Responsible Gambling Trust (RGT).

According to statistics published by the RGT, almost 1,000 people were referred to its clinics last year after GPs identified patterns of serious problem gambling habits.

The RGT, which operates as a charity and is part funded by gambling operators, was set-up to help tackle problem gambling in the UK through a combination of education, direct action and treatment services.

As part of the latter service, the RGT set-up the National Problem Gambling Clinic in … Read more

UK Casino News: Grosvenor Cheats, Tennis Gambling Scandal & DraftKings UK

In UK casino news this week there’s been tales of light-fingered poker players in London, another twist in the tennis gambling scandal and the emergence of a new player in the sports betting market.

In the wake of the chip stealing scandal at London’s Cromwell Mint, another UK casino has found itself dealing out a round of justice to a group of poker cheats.

Back in April of 2014 a group of five men, including Ozgur Aytekin, Murat Kolcak, Ali Kuyar, Ergun Yasar and Tarik Nergiz, all started playing three card poker inside London’s Grosvenor Casino on Edgware Road.

Initially … Read more

Paddy Power Betfair Receives Positive Reception from Stock Market

The £5 billion merger between Paddy Power and Betfair was made official this week after the newly formed company was listed on the London and Dublin stock exchanges.

Paddy Power Betfair, as the two companies are now jointly known, will have its headquarters in Dublin, but it will continue to serve players in a variety of markets, including the UK, Ireland, Australia and the US.

In the 24 hours before Paddy Power Betfair went live on the London Stock Exchange, Paddy Power’s individual valuation increased by 4 percent after shares worth £750 million changed hands.

Market Bullish Over Paddy Power

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