Tag Archives: fobts

GVC’s stand-out online division offsets inevitable UK retail decline

Citing market share gains across all operating territories, FTSE250-listed GVC Holdings has backed its underlying corporate strategy to navigate regulatory complexities both home and abroad.  Publishing its full-year 2019 results, GVC has recorded a pro-forma net revenue increase of 3% to £3.65bn (FY2018: £3.57bn) driven by the strong growth of its online division and European retail portfolio.  Despite competing against …

Read More »

Bengtsson accelerates international spread for William Hill

William Hill CEO Ulrik Bengtsson told investors to expect a “relentless focus on customer and product” from the bookmaker under his guidance, as he sets about accelerating the firm’s international diversification to counter regulatory pressure. William Hill’s adjusted operating profit fell 37% to £147m in 2019, ahead of the management guidance of £143m. However, the bookmaker still posted a statutory …

Read More »

Bengtsson posts solid start as William Hill’s new leader

The governance of FTSE bookmaker William Hill Plc has expressed confidence in the firm’s performance and future prospects, as group trading maintains full-year expectations. Publishing William Hill ‘unaudited’ results for the 17-week period up to 29 October 2019, it confirmed that group net revenues were 1% up on 2018 comparatives. Absorbing the assets of Mr Green, William Hill online net …

Read More »

The future for retail: Could ‘staff-less’ shops become a reality?

retail

It is widely accepted that we are entering a new era for retail betting, ushered in by the fast-tracked fixed odds betting terminal (FOBT) legislation and an increased expectation of technology amongst customers – for so many of whom digital is now king. Yet will this new era include the advent of ‘staff-less’ betting shops? Are bookmakers likely to respond …

Read More »

Double zero roulette delivers income gains for Chisholm

Chisholm

The introduction of double zero roulette has made a “small but definite improvement to gaming machine income” at Chisholm Bookmakers. Three weeks ago, the game was introduced on a trial basis by Howard Chisholm, the bookmaker’s managing director, to offset the huge loss of income as a result of the government reducing max stakes on fixed odds betting terminals (FOBTs) …

Read More »

Raising the bar: Why FSB isn’t waving the white label flag to regulation

white label

FSB has implemented ‘state-of-the-art systems’ for customer protection to prevent future issues for its white label platform. Dave McDowell, FSB CEO, added that the recent crackdown on white label operators by the UK Gambling Commission (UKGC) shows that the regulator isn’t afraid to take “pretty severe measures” against companies who don’t raise their game when it comes to customer protection, …

Read More »

Northern Ireland launches public gambling consultation

A Northern Irish government department has confirmed that it will launch a public consultation on the creation of a new gambling policy and the effects of problem gambling. The consultation will form the basis of the advice which will be given to the next minister for communities, who will form a new gambling policy once the Northern Ireland Executive and …

Read More »

Racing must ‘adapt where necessary’ says BHA’s Nick Rust

Releasing its annual report and accounts for 2018, the British Horseracing Authority (BHA)’s chief executive Nick Rust explained that the ‘the BHA’s mandate to regulate independently on equine welfare was regularly questioned’ as it has been ‘challenged on multiple fronts.’ The report, released yesterday, includes a foreword from both Rust and new BHA chair Annamarie Phelps. Rust explained that while …

Read More »

ABB anticipates further shop closures during 2019

The impact of stake reductions on Fixed Odds Betting Terminals (FOBTs) is continuing to have a ‘profound impact’ upon UK bookmakers as the Association of British Bookmakers (ABB) anticipates further shop closures by the end of the year. The statement comes after retailers and unions have urged the government to take action over the rate of shop closures on UK …

Read More »

Richard Flint – Racing is a ‘critical friend’ of betting in tackling its regulatory predicaments

Ending his 17-year tenure at Sky Betting & Gaming (Sky Bet), industry figurehead Richard Flint has called for betting and racing leaders to work in partnership, tackling an ‘existential threat’ facing all betting stakeholders. Speaking to the Racing Post, Richard Flint the former Executive Chairman of Sky Bet, warned UK racing leaders not to be complacent in believing that their …

Read More »