The governance of Paddy Power Betfair Plc (PPB) has stated that it is confident of securing 2017 group targets and expectations following a strong start to its financial year aided by favourable results recorded at Cheltenham 2017. Presenting its Q1 2017 trading update (period ending 31 March), PPB declared underlying group revenues of £416 million up 23% on corresponding Q1 …
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Industry eagerly awaits Ladbrokes Coral 2016 results
FTSE-listed Ladbrokes Coral will be the last ‘industry giant’ to declare its full-year 2016 performance this Tuesday 28 March, as city analysts await the maiden financial results of the newly enlarged enterprise following its £2.3 billion merger closure last November. Updating the market this January, Ladbrokes Coral governance detailed that full-year 2016 operating profits would be in-line with merger expectations …
Read More »NYX’s OpenBet platform details ‘record breaking’ Cheltenham Festival
Detailing operational insight into last week’s Cheltenham Festival, Toronto TSX-listed industry platform and software supplier NYX Gaming Group (NYX) states that it handled 227.16 million account transactions during the week’s racing via its OpenBet sports betting platform. Updating the media NYX management notes that the 2017 Festival was OpenBet’s most successful ever, as it handled more than 35.64 million sports bets, …
Read More »Glorious week sees UK bookmakers fall ‘back in love’ with the Cheltenham Festival
UK bookmakers have fallen back in love with racing’s Cheltenham Festival (14-17 March), following a week of bookmaker friendly results. Wrapping up Cheltenham 2017, bookmakers en masse would label this year’s festival as ‘the best ever’ which will likely break records once industry takings are fully audited. On Friday, the industry avoided a £20 million payout as 7-1 outsider Sizing …
Read More »32Red ambassador lands winner on Ruby Thursday at Cheltenham
The bookies may have enjoyed the upper hand across the first two days at Cheltenham, but the punters struck back thanks to an incredible Ruby Walsh and Willie Mullins quadruple on day three. After heading into the day without a victory, the famous horse racing duo made a quick start by prevailing in the JLT Novices’ Chase on Yorkhill (6/4), …
Read More »Douvan disappoints but LeoVegas revels in first Cheltenham
LeoVegas confirmed that its first Cheltenham had “exceeded all expectations”, after watching 2/9 favourite Douvan come 7th in the Champion Chase on a triumphant day for the bookmakers. Less than a year after launching in time for Euro 2016, the Swedish-based mobile gaming specialists acknowledged that whilst a hit could be around the corner, Ruby Walsh’s disappointing start to the …
Read More »Narrow lead for bookies after day one at Cheltenham
A year on from a £10 million hammering on the opening day at last year’s festival, the bookmakers ended day one at Cheltenham 2017 with a narrow lead. There was a short odds success for Altior (1/4) in the Racing Post Arkle and a small loss for bookies from 5/1 winner Buveur D’Air in the Stan James Champion Hurdle, but …
Read More »Noel Fehily to provide daily Cheltenham blogs for Bet Bonus Code
Champion Hurdle-winning jockey Noel Fehily has signed a deal to become brand ambassador for affiliate site Bet Bonus Code until the end of the 2016-17 National Hunt season. The 41-year-old, who has ridden more than 1,000 winners, will provide daily blogs throughout the Cheltenham Festival, where he is set to partner Buveur D’Air, Unowhatimeanharry and Neon Wolf. Fehily will then …
Read More »BetBright Cup winner gets £10,000 for Injured Jockeys Fund
BetBright has announced that the winning BetBright Cup captain will receive a £10,000 donation to the Injured Jockeys Fund of their respective country on their behalf. Formerly the Prestbury Cup, the BetBright Cup is awarded to Great Britain or Ireland, depending on who gets the greatest number of winners at the Cheltenham Festival. Rich Ricci, BetBright Chairman, said: “The prize …
Read More »Cheltenham ground in fantastic shape for full Festival schedule
Cheltenham ‘Clerk of the Course’ Simon Claisse has stated that the racecourse ground conditions are in ‘fantastic shape’ for next week’s full festival 2017 racing schedule. With Cheltenham 2017 beginning next Tuesday, Claisse detailed that the Cheltenham Old Course ground was ‘good to soft’ and that the same conditions could be seen for the Cheltenham New Course ground which will …
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