Bookmakers will have their political credentials put under the spotlight once again, as the UK prepares for a general election on Thursday 12 December. Following year-on-year political upsets since 2015, Keir Adams, Head of UK Sports at SBTech, spoke to SBC News about pricing betting’s most unpredictable market. SBC: How do you price an election? And how do you price in …
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Industry strategic consultancy Regulus Partners examines a week of tribal movements on Californian wagering legislations, and potential impacts on how the US’ biggest and richest state will move to implement its sports betting frameworks… Last week a group of 18 Indian tribes in California, including some of the most powerful, moved to put sports betting on the ballot of the 2020 …
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Publishing its party manifesto today, Labour confirms that it will sanction for a new ‘Gambling Act’, should it win the UK General Election on 12 December. Presenting the ’Real Change manifesto’, party leader Jeremy Corbyn stated that a new Gambling Act was required to overhaul betting advertising, making UK gambling legislation ‘fit for the digital age’. Beyond advertising, a new …
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In the latest major political news in the UK, Labour’s Deputy Leader Tom Watson has announced his resignation and that he will not be sitting in the upcoming General Election. The surprising news has sent shockwaves through the UK political scene but also has implications for the gambling industry, given that it was Watson who was spearheading a review into the …
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Updating its UK political markets, Paddy Power becomes the first bookmaker to suspend wagering on a UK 2019 General Election being triggered, following news that Prime Minister Boris Johnson has called for a senior cabinet meeting later this afternoon. Commenting on market trading, Paddy Power details that odds on a General Election being officially announced had fallen from 2/5 this …
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More than two thirds of EFL supporters believe that gambling companies’ involvement in the football league is acceptable, according to a survey of more than 27,000 fans. Furthermore, 62 per cent of fans stated their belief that the gambling industry’s involvement in football was acceptable with suitable safeguards to protect the young and problem gamblers. Over half of supporters surveyed …
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Industry strategic consultancy Regulus Partners reviews a week of conflict and consequences for UK betting incumbents adjusting to new FOBTs and social responsibility realities. _______________________ Last week saw optically conflicting news coming from the GB LBO sector as to the impact of the B2 ban (primarily) on likely shop closures. First, William Hill guided that around 700 shops (30% of …
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Labour Party Deputy Leader Tom Watson has published the full transcript of his speech on gambling reforms delivered yesterday to UK ‘cross-party’ thinktank DEMOS. In his opening statement, Watson outlines his belief that the UK gambling sector’s defence of FOBTs machines through ‘unacceptable lobbying’ has seen its incumbents ‘fall beyond public accountability’. Watson states that any future Labour government ‘must …
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Regulus Partners dissects a new era for UK retail betting incumbents which has begun with a very predictable opening chapter as Betfred and Paddy Power face scrutiny for circumventing gaming machine laws… This week saw the implementation of GB’s B2 ban and the rollout of some operator mitigation plans. Betfred and Paddy Power launched OTC products which used Virtual betting …
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Labour Party deputy leader Tom Watson is to call for greater restrictions on online gambling in order to align the sector more closely with land-based gambling rules. At an IPPR policy seminar later today, Watson will call for the introduction of limits to spend, to stake and to speed in online gambling and the introduction of a new ‘E Category’ …
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