Having recorded declining retail performance in 2014 (£119 million down 11% on 2013 £133 million), Ladbrokes governance has initiated a strategic assessment of its business division, as the operator looks to recover corporate performance and market share against competitors William Hill and Paddy Power. The strategic assessment of its retail business division codenamed ‘Project Athru’ will look to evaluate existing …
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Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …
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Boylesports is set to take its number of Irish betting stores to over 200 after acquiring six Tully Bookmaker stores for a reported €2 million. The bookmaker announced this morning that it had agreed to purchase half of Tully Bookmakers retail betting inventory. Boylesports will redesign and redevelop the purchased bookmaker stores to bring them in-line with the company’s retail …
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2014 was another successful year for the Irish bloodstock industry, with sales of €147.4 million representing double-digit growth for the fourth year in a row, according to Horse Racing Ireland’s (HRI) annual statistics. Industry highlights: Tote Ireland posted increases for the fourth consecutive year Racecourse attendances grew by 4% for the second year in succession. Commercial sponsorship, a key marker …
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Ireland’s Republican Party, Fianna Fail spokesperson for finance Michael McGarth has labelled the continued delay of the country’s online gambling and betting duty a completely unacceptable. McGarth commented with regards to Ireland’s Ministry for Finance who reported that its plans to extend the 1% levy paid by bookmakers to online gambling had run into considerable difficulty. At present gambling levy’s …
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Betfair has become Liverpool Football Club‘s official betting and gaming partner in the United Kingdom, Spain, Ireland, Denmark, Bulgaria and Italy. The partnership will see Betfair using the strength and scale of LFC’s digital platforms to connect with fans in these regions, bringing Betfair’s range of innovative betting products, including Price Rush and Cash Out, to fans. Features of the …
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Revealing how one lucky punter turned €8 (£6.40) into €83,000 (£66,217), Paddy Power said it is still recovering from an almighty spanking at the Galway Races. “It is far from easy to pick the winner of the Galway Hurdle – one of the feature races of the seven-day long Galway Festival that is as lively off the track as on it. …
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In an industry first, UK betting brand Betfair has announced they will become the first betting company to use Google Glass headsets during their TV betting slots. It is the first move by the betting company in a wider business plan to utilise Glass to improve consumers’ betting experience. Starting this Saturday 5 July from Leicester with the 2.30pm slot …
Read More »The Irish Government have submitted the final revision of its proposed Betting Bill to the European Commission (EC). Irish ministers are hoping to implement remote betting regulations and taxes on the online gambling industry by the end of 2014. The Bill will be reviewed by the EC, in order to comply with European anti-monopoly and ethical business practices. The EC …
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The Irish Bookmakers Association has revealed that the Betting Bill is now with the Attorney General, but is sweating on EU approval. The group, which represents 70 per cent of bookmakers and independent providers, believes the retail betting sector is in severe decline, having witnessed the closure of 366 shops in the last six years, resulting in the loss of approximately 1700 staff. It …
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