Tag Archives: labour

William Hill – Smith has slim labour leadership chances despite Khan endorsement

This weekend’s shock news that London Mayor Sadiq Khan has sided with Owen Smith against Jeremy Corbyn in the Labour Leadership Election has seen bookmaker William Hill reduce its odds on Smith winning party leadership from 11/2 to 9/2. Khan who had been thought of as a ‘Corbyn stalwart’, changed his position on the current Labour leader, citing that the …

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UK Bookmakers cool on Owen Smith Labour leadership ambitions

UK bookmakers appear adamant that Jeremy Corbyn will keep his position as Labour Party leader despite the electoral challenge of Shadow Work & Pensions Secretary Owen Smith. Smith will now challenge Corbyn at the upcoming Labour Party Elections on 24 September as sole leadership candidate, with Angela Eagles (Shadow Secretary of Business) having yesterday announced her departure from the race …

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William Hill – Corbyn Labour victory clobbers UK Bookmakers

William Hill has stated that Jeremy Corbyn’s Labour leadership victory, has hit UK bookmakers for millions of pounds. Alerting the UK media this weekend, William Hill stated that Corbyn had achieved the biggest UK political gamble ever. An unprecedented campaign which saw far-left Corbyn as a 200/1 leadership outsider in May, caught momentum with Labour party members and powerful trade …

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“Done Deal” for Labour as Paddy Power pays out early on Corbyn victory

Paddy Power has announced another early political pay-out, as the bookmaker confirmed that it had cashed out + £100,000 on Jeremy Corbyn winning the Labour Leadership Election. Releasing a statement to the UK media, the bookmaker reported that it had closed the political market with almost a month of party member voting left (results will be announced on 12 September). …

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Betfred – Labour Leadership market reaches £250,000 in wagers

UK independent bookmaker Betfred has revealed that it has recorded £250,000 wagered on the outcome of the Labour Party Leadership election. The bookmaker stated that its market levels were unprecedented, reaching its highest levels for a party political leadership campaign. With candidate ballots due to be sent out today to party members, the bookmaker revealed that it had recorded 50% …

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Few positive signs for gambling from General Election

Tomorrow sees one of the closest UK General Elections for 40 years and it feels like a pivotal one for the gambling industry. None of the outcomes are good for our sector, just varying degrees of how bad the impact is going to be on us. Given the long run up to the election, the campaigning parties have not touched …

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Miliband becomes bookmakers favourite to win UK General Election

Labour leader Ed Miliband has reversed UK bookmaker’s odds, and is now the favourite candidate to become Prime Minister after next month’s General Election. Bookmakers Ladbrokes, Paddy Power and Betfair have placed Miliband as favourite to win on 7 May, making the labour leader the General Election market favourite for the first time since October 2014. Paddy Power has now …

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Paddy Power criticised for targeting UK immigrant areas

Listed betting operator Paddy Power, has been criticised by UK MPs and anti-gambling campaigner, after research from the Campaign for Fairer Gambling (CFFG) showed that 61% of Paddy Power’s 327 UK betting shops were located in high density immigrant areas such as Newham and Brent in London. Anti-gambling campaigners have criticised the bookmaker of deliberately targeting immigrant areas knowing that …

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Warwick Bartlett on tax – The Only Way is Up

 Warwick Bartlett, CEO of Global Betting and Gaming Consultants, discusses how government’s approach taxation means that rates are more likely to go up than down. The most pleasing sight at ICE 2015 was to see some of the younger companies which two years ago took the smallest booths are now spending upward of £250,000 on impressive stands.  Such companies have …

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Labour wants to extend UK betting levy for grass root sports

Britain’s Labour Party announced it was considering imposing new tax levies on online betting and Premier League TV incomes, in order to support grass root sports in the UK.  The Party issued a public mandate on Thursday, outlining measures and policy ideas to raise capital for UK sports. The Labour Party, leading in national opinion polls before next May’s national …

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