Retail

William Hall has reported that a fan in Leicester has decided to cash in on his bet for the Foxes to win the Premier League title to the tune of £29,788. The customer had placed a £20 each way bet after the first round of Premier League fixtures with odds of 2500/1. He stood to win £51,600 if Claudio Ranieri’s men can hold …

Alibaba Group, Asia’s biggest online retailer, has agreed to buy a majority stake in Hong Kong-listed lottery technology provider AGTech Holdings for HK 2.4 billion ($308 million). The deal which will be processed through Alibaba investment subsidiary, Ali Fortune Holdings will see the retailer enter the rapidly growing Chinese lottery sector. Issuing a public filing with the Hong Kong Stock …

As reported in the Harrogate Advertiser, midfielder Warren Burrell looks set to be facing repercussions from the Football Association after posting a tweet lamenting a narrow loss on an accumulator.  In a tweet which he has since deleted Burrell wrote: “This is my bet that I let ride from last night….. Sheff Wednesday have had 3 disallowed goals.” It was …

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

Racing Post’s charity campaign was launched on Friday afternoon with the unveiling of a giant saddle cloth at Cheltenham racecourse.   The campaign titled #SupportOurJockeys is promoting the causes of the Injured Jockeys Fund (IJF) and Irish Injured Jockeys (IIJ). Ruby Walsh, Chairman of the Irish Injured Jockeys Fund Ltd and winner of last year’s Racing Post Arkle on Un De …

Tuesday morning will see the first joint publication of Paddy Power Betfair results, as FTSE analysts and commentators eagerly await the performance update of online betting’ biggest market capital operator. Having opened trading with a £105 share price on the London and Dublin stock exchanges on 2 February, Paddy Power Betfair entered the prestigious FTSE 100 index last week having …

Danish national gambling operator Danske Spil AS has confirmed that it has awarded Scientific Games with its lead supplier contracts for lottery and gaming systems. Denmark’s main lottery Danske Lotteri will be serviced by Scientific Games systems and provisions for the next seven years, winning the contract from IGT-GTECH who had been Danske Spil lead lottery supplier since 1990. In …

It is being reported that Sky Bet is to be announced as the latest bookmaker to sign up for authorised betting partner status with British horseracing.  This is a somewhat exclusive status and should it go ahead the operator will join Betfair, bet365, BetVictor and 32Red as an APB. This is in addition to a number of smaller companies. The primary benefit …

The Association of British Bookmakers (ABB) has welcomed the Government’s decision to introduce a new funding system for horseracing, but warned that any new development should not be taken in isolation from other issues. This morning, during a debate in the House of Commons, Culture Secretary John Whittingdale announced that the Government plans to introduce a new system which will …

A bill was recently submitted to the federal government with the aim of amending the current law so that it penalises match-fixing more adequately. The German Sports Betting Association (DSWV) has welcomed this move. DSWV President Mathias Dahms said: “Match-fixing is a crime. If criminal groups affect games, then it’s economically damaging as well as from an integrity point of view. This is …