Retail

Tax headwinds & increased marketing spend halve Ladbrokes Q3 earnings

Updating the market this morning, Ladbrokes Plc has issued its Q3 2015 (period 30 September) interim management statement forecasting a 57% drop in period Group EBIT earnings of £14.3 million. Ladbrokes governance stated that its earnings performance had been impacted by higher taxation (POC and gaming machine duties) and increased marketing spend targeting UK football and recreational players. The operators …

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UK bookmakers slash odds on White Christmas

With UK temperatures set to plunge this weekend to 3C (37F) in the south and as low as -4C  (25F) in the north, UK bookmakers have slashed the odds on a “White Christmas”. Following a warm October, the Met Office issued a notice that the UK was about to turn much colder as 2015 enters its final months. Reacting to …

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Ladbrokes – Star Wars ‘Force Awakens’ 6/4 to break box office records

Following Monday’s release of the official Star Wars Episode VII – The Force Awakens’ trailer, which sent social media into ‘hyperspace’, bookmaker Ladbrokes has placed odds of 6/4 on Lucas Films latest saga instalment to become the highest grossing film of all time. In order to make history, Star Wars Episode VII will have to break James Cameron’s Avatar which …

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British Racing groups join to tackle bookmaker levy decline

Led by the British Horseracing Authority (BHA), Britain’s largest racecourse governance groups have joined forces to tackle the issue of ‘underfunding and loopholes’ in the levy system. The joint stakeholders will move to bar bookmakers’ from sponsoring race events, tracks and festivals if they do not pay levy contributions through their online operations. The proposed levy initiative is supported by …

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BetConstruct enters Spain with R Franco betting partnership

Betting technology services and platform supplier BetConstruct has announced its first Spanish market agreement with operator R Franco The agreement sees R Franco, a Spanish gambling legacy operator move into the sports betting market utilizing BetConstruct’s sports betting product which will give to 20,000 live matches per month. R Franco governance noted that it had been seeking a sports betting …

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British Basketball League signs integrity partnership with SportIM

Sport Integrity Monitor (SportIM) has formed a betting integrity partnership with the British Basketball League (BBL). SportIM will  now observe and analyse the worldwide betting markets on British Basketball League events and work directly with the league to prevent any issues. British Basketball League will be able to take advantage of SportIM’s market-leading basketball monitoring system, which tracks over 35,000 …

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Camelot UK announces record lottery payouts for H1 2015

Publishing its 2015 half year financial results (period ending 26 September), UK National Lottery operator Camelot UK Ltd, announced record prize payouts of £2 billion in prize money. The operator succeeded in growing total ticket sales to £3.6 billion, an increase of £145 million on the corresponding period last year. Total sales in the first six months of 2015, were …

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Betgenius seals Racecourse Media Group live content partnership

Racecourse Media Group (RMG) has agreed an exclusive content distribution deal with sports betting software provider Betgenius. As chosen distributor Betgenuis has gained rights to stream live content and data of RMG on digital and mobile verticals to the regions of Europe, South America, Asia and Africa. The live content will be integrated alongside Betgenius’s wagering solution, allowing for the software …

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Brent Dolan returns to SIS as Head of Racing Content

SIS, supplier of betting operational provisions, has welcomed back former Operations Director Brent Dolan as Head of Horse Racing Content. Dolan was previously with SIS for 26 years, launching innovations such as virtual gaming on SIS FACTS, dedicated greyhounds channel SIS2, and the Virtual Betting Channel. His newly-created role as Head of Horse Racing Content will leverage horse racing products, …

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Betfred closes Wigan Tote Park call centre

Betfred has announced the closure of its Tote Park Wigan call centre. The call centre was inherited from its 2011 £250 million acquisition of former state-owned betting operator Tote. The closure of the call centre could see 14 full-time and 98 part-time employees lose their jobs, although the company says that, given the size of the overall enterprise, it would …

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