Tag Archives: Betfred

Ladbrokes Coral merger to be completed in autumn after CMA ruling

The merger between Ladbrokes and Coral is set to complete this autumn after the Competition and Markets Authority (CMA) confirmed that the two firms must divest between 350 to 400 shops. In its final judgement, the CMA said: “Having considered responses to its provisional findings published in May and further analysed the evidence, the group of independent panel members investigating the …

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Timeform picks four winners in the Tipster Challenge at Bath

Betfred helped the Guests extend the lead at the top of the Tipster Challenge table to 5.51 points. Represented by Michael Whittle, Sports Acquisition Executive at Betfred, the Guests picked up a pair of winners and 2.68 points. However, it was Timeform who enjoyed the most successful day at Bath Races, as the combined victories for Dawn Horizons (4/5), Pine …

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Betfred return to hold off SBC News in the Tipster Challenge

Michael Whittle is back for a second go at the Tipster Challenge in Bath. Whittle has been the Sports Acquisition Executive at Betfred since 2013, having started out as a Digital Marketing Assistant after graduating from the University of Salford with a BSc in Business Studies with Marketing Management. He will be looking to improve upon a record of two …

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Betfred closes in on Ladbrokes-Coral betting shops

The Sunday Times has reported that Betfred is nearing a deal to buy hundreds of betting shops, as the Ladbrokes-Coral merger enters the final stages of its UK Competition and Markets Authority (CMA) review. As part of its merger completion, Ladbrokes-Coral has been forced to sell a significant number of betting shops in order to secure UK competition approval and …

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Betfred brings Sky Sports to its UK high-street shops

Betfred has agreed a multi-year deal with Sky to show Sky Sports in all of its 1,360 UK high-street shops. The complete portfolio of seven Sky Sports channels, including Sky Sports News HQ and Eurosport, has been available to customers in Betfred shops since 1 July. Mark Stebbings, Managing Director of Betfred Retail, said: “Exciting live sport and a great …

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Increased costs and taxes see Betfred ‘in the red’ for 2015

Despite increasing corporate revenues to £10 billion, UK bookmaker Betfred has posted an operating loss of £76.6 million (52-week period ending 27 September 2015). Filing its annual return with UK Companies House the Manchester-based operator reported that its financial performance had been impacted by increased gambling taxes which lowered operating margins. Furthermore, the bookmaker like its industry competitors was hit …

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Betfred settles call centre redundancies

Settling out of court with trade union Unite, Betfred has agreed to pay 88 workers of its defunct Wigan Tote Park call centre employee compensation totalling £470,000. The settlement will see an individual average payment of circa £5,300 per employee. Through trade union Unite the workers had issued legal proceedings calling for Betfred to honour redundancy terms relating to contracts …

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UKGC – Betfred to pay over £800,000 following licence review

The UK Gambling Commission has informed the market that Betfred will pay more than £800,000 in compensation and in contribution towards socially responsible causes as part of a regulatory settlement following a licence review. This payment follows failures by the operator in its anti-money laundering and social responsibility policies. The Gambling Commission’s investigation follows a court case that resulted in …

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Psycho promotes Betfred’s new Voice Bet app

Former England international and star of Euro 96 Stuart Pearce is the face, or rather the voice, of Betfred’s latest advert to promote its new app ahead of the Euros.  The innovative app, which is available on both iOS and android, was developed in-house and allows customers to place their bets using voice recognition technology. The Betfred Voice Bet app will be launched …

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GVC secures 10-year platform services agreement with Betfred

FTSE-listed betting operator GVC Holdings Plc (GVC) this morning has announced its first major B2B partnership with UK independent bookmaker Betfred for the services of its online sports betting and igaming platform. Updating the market, GVC detailed a ten year ‘transformational B2B agreement’ which will see Betfred fully migrate its digital assets to GVC’s platform provisions on an exclusive basis. …

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