The Horserace Betting Levy Board (HBLB) has confirmed that it will make a ‘substantial increase’ in its prize money for the remainder of the year, with allocations due to rise by 50%. HBLB has been spending around 25% more than usual on prize money since 1st June but from 1st September, for the following four months, this will increase even …
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GVC Holdings CEO Kenneth Alexander has issued a public statement to Parliament, as sportsbooks return to trading on the majority of major sports betting markets. Writing for Politics Home, Alexander emphasised that while a post-lockdown period brings with it an opportunity to promote a wide range of betting markets, gambling companies must not become ‘complacent’ in its responsible gambling measures. …
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British greyhound racing will fast-track to phase three of its operational policy, giving tracks the green light to run unlimited races with gaps of 20 minutes. Following a review of its five-phase ‘COVID-19 Operational Policy’, the Greyhound Board of Great Britain (GBGB) confirmed that racecourses that have successfully completed Phase Two will be able to fast-track to Phase Four from …
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William Hill has reduced its ‘cashburn’ and further restructured terms on its debt bonds, as the company secures full financial flexibility navigating COVID-19 headwinds. Publishing both a Q1 trading update for the unaudited 17 weeks to 28 April 2020 as well as a COVID-19 update, William Hill revealed that retail closures, a drop in sports betting markets and international coronavirus …
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The Greyhound Board of Great Britain (GBGB) will work towards a 1 June resumption date after the publication of the UK government’s roadmap out of COVID-19 lockdown. Responding to the latest government guidance, GBGB Managing Director Mark Bird confirmed that the sport is already working towards a timetable to restart racing, beginning with a two-week trial period already mooted to …
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Senior executives from British horseracing have “committed to plan for resumption” after the government gave the green light for the sport to return behind closed doors from 1 June at the earliest. In its document, Our Plan to Rebuild, the government said it planned for sporting and cultural events to resume behind closed doors as part of the second step …
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The continuation of racing across Australia and the US has come as a welcome relief for Flutter Entertainment, as its retail estate faces a blow from the postponement of global sporting events. Publishing a Q1 trading update for the three months ended 31 March 2020, Flutter reported group-wide year-on-year revenue growth of 16% in Q1, reported at £547 million for …
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Wager, the peer-to-peer betting start-up that launched in August, is the latest incumbent attempting to overcome the industry’s ‘social wagering conundrum’. Introduced in conjunction with the kick off of the 2019/20 Premier League season, Wager has since seen some development in its short lifespan including the introduction of a marketing campaign, specialised markets, head-to-head profiles and referral schemes. With Wager’s …
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Royalbet has become the latest online casino brand to integrate SkillOnNet’s licensing and compliance protocols to launch to players in regulated markets around the world. As a result, the new online casino has been able to offer over 3,000 slots and casino games to players in the UK, Sweden, Denmark and other jurisdictions across Europe that accept Malta-licensed brands. A …
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Sergey Portnov, Chief Executive of Parimatch, has emphasised how the CIS and wider Eastern European betting markets could track the UK’s performance within a three-year span, noting fast-changing developments. However, Portnov warns that CIS ambitions can only be matched if regulatory gaps are fulfiled. Speaking at SBC’s ‘Betting on Sports 2019‘ Conference, Portnov discussed the current development of the CIS …
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