Tag Archives: Betfred

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

SBC News 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

SBC News 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

SBC News 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

SBC News 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

SBC News 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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Betfred signs title sponsorship deal for Scottish League Cup

SBC News Betfred signs title sponsorship deal for Scottish League Cup

The SPFL have confirmed that Betfred has agreed a three-year deal to become the exclusive title sponsor of the Scottish League Cup, which will become known as The Betfred Cup. The agreement represents another significant investment into Scottish football. Betfred will assume its rights ahead of the start of the 2016/17 competition, which starts in July with an exciting new …

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