Retail

William Hill predicts ‘unprecedented’ change will see 38% of shop estate unprofitable

SBC News William Hill predicts 'unprecedented' change will see 38% of shop estate unprofitable

William Hill has updated the market on the back of the Department for Digital, Culture, Media and Sport (DCMS) decision to reduce the maximum stake on B2 games from £100 to £2. Given the Government has specified its intended outcome, William Hill said it is providing preliminary guidance on the potential impact in order to help investors and analysts with their …

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Online taxes to rise as FOBT stakes slashed to £2 despite evidence

SBC News Online taxes to rise as FOBT stakes slashed to £2 despite evidence

The government has rejected advice from the Gambling Commission and the Responsible Gambling Strategy Board (RGSB) and cut stakes on B2 Gaming Machines – FOBTs – down from £100 to £2. The announcement was made this morning by DCMS minister Tracey Crouch and could have wide repercussions for the retail betting industry, horseracing and online gaming operations. Both William Hill CEO Philip …

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Domino effect… CGA wants Canada to pop next for sports betting

SBC News Domino effect... CGA wants Canada to pop next for sports betting

Canada’s pro sports betting lobby has been reinvigorated by this week’s US Supreme Court repeal of PASPA federal laws. Following Monday’s SCOTUS judgement, the Canadian Gaming Association (CGA) issued a fast response welcoming PASPA’s repeal, which will open the US to state-sanctioned sports betting. CGA governance will now push Canada’s governing Liberal Party, to review the nations gambling code following …

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SIS adds Korean racing to its overseas stable

SBC News SIS adds Korean racing to its overseas stable

The Korean Racing Authority has agreed a deal with Sports Information Services (SIS), which will see live coverage of the action from its Busan and Seoul racecourses be broadcast. Beginning this week (Friday May 18), the agreement will enable SIS to provide pictures and data to retail and online bookmakers in the UK, Ireland and Spain, from 1,680 Korean races …

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Home Run… Chris Christie achieves lifetime goal as PASPA is finally beaten

SBC News Home Run... Chris Christie achieves lifetime goal as PASPA is finally beaten

Yesterday’s Supreme Court ruling to overturn PASPA’s federal mandate sees former New Jersey Governor Chris Christie complete a career-defining goal. Christie tweeted his delight at yesterday’s Supreme Court repeal of Paspa. A great day for the rights of states and their people to make their own decisions. New Jersey citizens wanted sports gambling and the federal Gov’t had no right …

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PASPA Down! New Jersey secures its Supreme Drop!

SBC News PASPA Down! New Jersey secures its Supreme Drop!

Reporting from Capitol Hill, multiple US news sources have confirmed that the Supreme Court of Justice has deemed the ‘1992 Professional and Amateur Sports Protection Act’ (PASPA) to be unconstitutional. The judgement sees the US Supreme Court repeal PASPA federal provisions, which to date have limited US sports betting to the state of Nevada. In December 2017, led by former …

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ITV Racing gets BAFTA plaudits for Grand National coverage

SBC News ITV Racing gets BAFTA plaudits for Grand National coverage

At Sunday evening’s BAFTA awards, ITV Racing was rewarded for its coverage of last year’s Grand National. ITV saw off tough competition from the BBC for its coverage of the Six Nations, as well as Sky Sports for the Anthony Joshua bout with Wladimir Klitschko and Channel 4, for its production of the women’s European Championship semi-final between England and …

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May Day! Industry braces itself for incoming FOBTs £2 cut

SBC News May Day! Industry braces itself for incoming FOBTs £2 cut

The betting industry’s regulatory agenda has reached a speculative overdrive, as concerns grow as to how and when the UK government will move to implement its anticipated £2 cut on FOBTs machine wagering levels. The polemic subject matter of FOBTs wagering has seen contrasting news stories published this weekend by multiple sources, each specifying potential different outcomes to the government’s long-awaited …

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