Will sports betting come to the rescue for Ney York’s COVID-hit finances? Regulus Partners believes that Governor Andrew Cuomo has a tricky balancing act if he wants to boost coffers with deregulation. And why are regulators changing how they count problem gambling behaviour? US: sports betting regulation – Cuomo takes a bite? There has been a long history of gambling …
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The UK Gambling Commission has reported significant growth in the online market, after releasing new figures for the period between the months of March and October. Statistics demonstrated how the COVID-19 pandemic has affected betting trends in Britain, encompassing both online and in-person gambling activity, with data provided by Licensed Betting Operators (LBOs) from Britain’s high streets. The online market …
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The UK Gambling Commission (UKGC) has published a further ‘market update’ tracking how COVID-19 has impacted gambling behaviours and participation across the UK. Since March, the Commission has gathered data from licensed betting operators (retail and online) representing 80% of the UK gambling’s regulated marketplace. The UKGC has maintained that its market updates reflect how ‘gambling behaviours evolve as the …
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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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