New William Hill CEO James Henderson believes that the UK’s biggest bookmaker is well placed ahead of the introduction of the point of consumption licensing later this year. Speaking at the firm’s interim results, Henderson was quite bullish about Hill’s position, certainly compared to some of its competitors. He commented: “I think the numbers are strong. The underlying growth, even …
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The Gibraltar Betting and Gaming Association (GBGA) has followed through with its threats and written to the UK Government and Gambling Commission placing them on notice of a claim for judicial review, giving them 14 days in which to respond. The GBGA, which represents Gibraltar-based online gambling operators, has instructed the law firm Olswang to write to the Secretary of …
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The Association of British Bookmakers (ABB) has warned that any changes to betting shop regulations to tackle problem gambling should be ‘based on facts, not scaremongering’. In response to the government’s new plans to impose greater restrictions on gaming machines, gambling advertising and LBO planning laws, the ABB has accused the government of failing to listen to the one million …
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Ahead of the Betting on Football Conference – 8th of May Stamford Bridge, Team SBC catches up with Mark Davies of Camberton Public Relations to discuss marketing context and brand management ahead of new legislation for igaming and sports betting operators. Mark Davies is an expert at gaming and sports betting public relations, corporate communications, reputation management and stakeholder management. …
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David Clifton, director at Clifton Davies Consultancy Limited and speaker at SBC’s Betting on Football Conference, asks whether the time has arrived for a Judicial Review of the looming remote gambling changes? Now that Royal Assent in respect of the Gambling (Licensing & Advertising) Bill is looming and the 15% point of consumption tax has been confirmed in the Chancellor’s Budget …
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Online gaming operator 32Red has reacted with bemusement over the ‘sharp fall’ in its share price in recent weeks on the back of another year of record revenues. The operator suggests that it has suffered because other gambling firms have also seen their shares drop, but that was as a result of the UK Budget imposing greater taxes on retail …
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Shares in Ladbrokes fell by almost 12 percent to 139.8p yesterday, while market leader William Hill was down 7 percent at 350.1p, as the market responded to Chancellor George Osborne’s latest tax raid on the betting industry. The Treasury increased the rate of Machine Games Duty (MGD) on games with a stake higher than £5 from 20% to 25%, with …
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The Association of British Bookmakers (ABB) claims that Chancellor George Osborne’s increase in tax on B2 Gaming Machines to 25% could see 30 per cent of the country’s betting shops in jeopardy. The organisation said in a statement: “The impact of the new Machine Games Duty (MGD) which came into effect last year and cost the industry an extra £50 …
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The Rank Group has committed to a programme of investment and job creation in its bingo clubs as a consequence of today’s Budget announcement that bingo duty would be reduced from 20% to 10%. The duty reduction brings the taxation of bingo into line with most forms of gambling in Great Britain, including sports betting, football pools and online gambling …
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A 6.6 per cent increase in operating costs and a 20 per cent increase in gaming machine taxation saw Ladbrokes’ UK retail division post a 25.9 per cent drop in operating profit for 2013 to £133.9m. While gaming machines saw a net revenue increase of 20.2 per cent to £408.4m (mostly driven by growth in £2 stake B3 content), over …
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