Tag Archives: Betfred

GVC submits claim for HMRC FOBTs rebate

GVC Holdings has become the latest gambling company to issue a claim to Her Majesty’s Revenue & Customs  (HMRC) regarding compensation owed from tax charges related to fixed-odds betting terminals (FOBTs). After William Hill followed the lead of Betfred and Rank Group earlier in the week, GVC has predicted that a successful claim ‘will result in a cash inflow to …

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William Hill pursues HMRC FOBTs rebate 

William Hill has followed counterparts Betfred and Rank Group Plc in issuing an HMRC claim on compensation owed from tax charges related to fixed-odds betting terminals (FOBTs).  The FTSE bookmaker could stand to secure a multi-million £ tax rebate on FOBT charges issued between 2005 and 2013. William Hill’s HMRC rebate stands from an April High Court ruling that favoured …

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Betting wins Upper Tribunal decision against HMRC in FOBTs VAT dispute 

UK bookmakers could secure compensation for previous tax charges made against gambling machines, after HM Revenue & Customs (HMRC) lost its long-standing dispute against Rank Group and Betfred. Last Friday, an Upper Tribunal led by Justice Anthony Mann and Judge Thomas Scott ruled in favour of the betting firms who had long disputed HMRC’s classification of VAT charges on Fixed …

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Virtual Grand National success sees bookmakers donate over £2.6m to NHS Charities

The Betting and Gaming Council (BGC) has revealed that this weekend’s ‘Virtual Grand National’ (Saturday 4 April) raised ‘over £2.6 million’ in donations for NHS charities. The BGC said the event to replace UK racing’s marquee meeting was as an ‘unbridled success’, and was left delighted with the level of public engagement which saw a reported 4.8 million viewers tune-in to …

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BGC members to donate virtual grand national profits to NHS charity

Members of the Betting and Gaming Council (BGC) have committed to donating all profits from this weekend’s ‘Virtual Grand National’ to NHS Charities Together. The initiative has the backing of BGC members including bet365, William Hill, Flutter Entertainment, Sky Bet, GVC, BetFred, Betway, BetVictor, JenningsBet and Inspired Entertainment. Commenting on the initiative, BGC Chief Executive Michael Dugher said: “With the …

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Betfred purchases 3% share in William Hill

Taking advantage of its growing market share across the US, Betfred owner Fred Done has acquired a 3.03% share in rival bookmaker William Hill. The move comes after Betfred has continued to expand across the post-PASPA market, having recently launched sportsbooks in both Colorado and Iowa, as well as securing an agreement with Scientific Games to go live in Pennsylvania. …

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SIS secures Saudi Cup distribution with leading bookmakers

Bet365, Betfred and Ladbrokes Coral are among a whole host of bookmakers who have secured rights with Sports Information Services (SIS) to distribute live pictures and data from this month’s Saudi Cup, nicknamed ‘The world’s most valuable horse race’. Customers of these bookmakers will gain access to live streams of the full two days of horse racing at the King …

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Betfred lands title sponsorship of Wilder vs Fury rematch

Betfred has been announced as the official sponsor of this weekend’s undisputed heavyweight title fight between Deontay Wilder vs Tyson Fury (Saturday 22 February).  The Las Vegas showdown takes place at MGM Grand Garden Arena and is available on pay-per-view on BT Sport Box Office for UK audiences, as  Betfred marketing secures the title sponsorship to what many anticipate will be …

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Bryan Bennett, Betfred US: Expanding into the US market

Back in January, Betfred confirmed that it would open the doors to its first US sportsbook in the state of Iowa, paving the way for the operator’s expansion across a post-PASPA market. Bryan Bennett, the Chief Operating Officer of Betfred US, spoke with SBC Americas to explain the reasoning behind why Iowa was identified as a key state for Betfred’s …

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Winning Post: UK gambling faces its inevitable credit clean-up

Industry strategic consultancy Regulus Partners starts of the week by looking at the ban on credit cards for betting activity, and further additions to the safer gambling agenda in the UK. UK: regulation – taking credit? Gambling with credit cards, or through wallets funded directly from credit cards, will be banned in GB from April 2020. The consultation responses largely …

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