MyRacehorse has announced the hiring of two-time Classic-winning Jockey Ted Durcan as the group’s new Bloodstock Consultant in the UK and Ireland The micro-share horse racing syndicate will work with Durcan to select horses both at public and private auctions as the company looks to expand its portfolio of horses available for customers to purchase. Kate Hardy, Director of Operations …
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UK gambling yield down 2% according to Commission quarterly figures
The UK Gambling Commission (UKGC) has revealed that British gross gambling yield (GGY) during Q3 2022/23 financial year dipped slightly by 2% to £1.2bn. Data from the UK’s ‘biggest operators’, encompassing around 80-85% of the online betting and gaming market, the UKGC determined that betting and casino revenue declined by 8% and 3% respectively. Total online betting gross gambling yield …
Read More »‘The right way of doing things’ – kwiff keeping pace with shifting UK goalposts
At a time when the forthcoming regulatory review could shake the UK betting sector to its core, predicting the future has become a much-desired skill for operators with a stake in the country. In the absence of a betting industry-specific crystal ball, firms such as kwiff have had to make their own judgements on what the future may bring, and …
Read More »XLMedia finds its mark in North America with $73.7m revenue projection
Having achieved broad success in 2022, XLMedia (XLM) expects its financial performance to fall in line with pre-close expectations, anticipating steady revenue growth of 9.7%. With its full year results for 2022 due for publication in March, the sports betting publishing company foresees revenue of $73.7m (2021: $66.5m) and Adjusted EBITDA of between $16.1m and $16.6m. A London AIM-registered business, …
Read More »Record 84,000 registered with GAMSTOP in 2022
GAMSTOP has continued to see an uptick in restorations, as the UK self-exclusion service revealed that 84,000 people signed up over the past year. The highest annual figure since GAMSTOP’s launch in 2018, the figure marks an increase of 5% over the past six months and 6% over the full year, in comparison to 2021 standings. In total, this brings …
Read More »Flutter predicts £300m in World Cup stakes from its UK and Ireland brands
As the 2022 FIFA World Cup gets underway, Flutter Entertainment has confirmed that the Qatar-based competition is set to be the most popular betting event of the calendar year for the group. The sports betting, gaming and entertainment provider’s UK and Ireland brands – Sky Betting & Gaming, Paddy Power and Betfair UK – have predicted over £300m in overall …
Read More »Andrew Grimshaw, FSB: React, new international hubs and the upcoming World Cup
As one of the more mature betting markets, Europe still holds a wealth of opportunities for expansion – something that FSB has been capitalising on. Over the last few months, FSB has expanded its partnership portfolio across a host of markets as well as at home in the UK – all the while, it has also been making significant moves …
Read More »Delasport: sports betting through the ages part 1
In a two-part series for SBC News, Delasport takes a deep dive into the history of sports betting, shedding some light on what lies ahead for this burgeoning industry. Sports betting has been recorded as far as 2000 years ago. Since there have been sports, people have been compelled to bet on the results. Regulation on sports betting was first …
Read More »Entain witnesses emissions reduction in 2021-22 ESG report
Entain has witnessed a 7% reduction in absolute GHG emissions from 2020, as well as revealing a majority of its revenue stems from domestic regulated markets. Publishing its 2021-22 ESG report, which sets out the firm’s approach to, and performance on, sustainability and ESG related issues, the operator revealed that, alongside the aforementioned, its UK and Republic of Ireland retail …
Read More »SBC Leaders latest issue goes live with new dedicated Canada section
The latest issue of SBC Leaders Magazine, number 20, is published this week with a brand new addition to the editorial format. In keeping with the magazine’s remit to pursue news and developments in new markets, it now includes a dedicated Canada section. Kicking off proceedings is an interview with Shelley White who shares her journey into the betting industry …
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