Bookmakers

  • William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • Hong Kong police seize more than HK$400 million in betting records in largest haul of Euro 2016

    Hong Kong police confiscated more than HK$400 million in illegal soccer bets in a series of raids hours before the Euro 2016 semi-final between Wales and Portugal – more than three times the amount seized during the whole of the 2012 tournament. Nineteen people from five bookmaking rackets including...
  • UK operators have allegedly closed 20,000 accounts

    The UK Horseracing Bettors’ Forum (HBF) has estimated that 20,000 British online accounts were closed by operators over the last six months. The estimation was included in a publication of the results of a survey conducted between 3 April and 30 April, which found that over 4,000 accounts were...
  • Derby glamour in sharp contrast to UK betting industry’s dark side

    In an important, disturbing and often distressing investigation for the Guardian last Tuesday Tom Lamont laid bare the grim reality of daily working life for the staff in many of Britain’s 9,000 betting shops. He detailed violence, intimidation and long, unsociable hours, often worked under the modern regime of...
  • Live-bets loophole to be closed as part of online sports betting review

    A loophole allowing punters to place bets online during sporting events will be closed by the federal government as part of a comprehensive review. Gambling-safety advocates have broadly welcomed the recommendations of the O’Farrell review into the online sports-betting industry, released on Thursday, including the establishment of a national...
  • William Hill issues profit warning after Cheltenham and online losses

    Dire horse racing results at the Cheltenham festival and high-value internet gamblers imposing restrictions on their own betting have triggered a profit warning for bookmaker William Hill. In a surprise trading update on Wednesday, the bookmaker said it expected operating profit for this year to fall to between £260m...
  • Paddy Power targeting minorities with betting machines, data suggests

    The bookmaker Paddy Power is targeting minority ethnic communities with controversial fixed-odds betting terminals (FOBTs), according to a new analysis. The study, which uses Gambling Commission data, reveals that 61% of Paddy Power’s 349 betting shops are located in areas with above average levels of non-UK born population. The...
  • Shock government announcement expected to end racing Levy funding

    Racing’s long search for a sustainable funding system from betting on the sport may finally be drawing to a close, with the government expected to announce a new regime on Thursday which will capture all bets on British racing, whether these are placed in betting shops or online. Details...
  • Paddy Power case highlights scourge of fixed-odds betting terminals

    When Paddy Power launched a new advertising campaign with the tagline “You’re Welcome!” last year, its chief marketing officer told a trade magazine that “the Paddy Power brand has always been about two things – being as generous as we can with our customers, and behaving in a mischievous...
  • Protected: Betting shops fear drug barons are laundering cash in gambling machines

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  • Gambling charity chair lobbied for bookmakers, documents show

    The chair of the UK’s leading charity that aims to minimise gambling addiction also lobbied on behalf of Britain’s bookmakers and warned his corporate peers of the threat posed by “a vociferous anti-gambling lobby”, according to industry documents seen by the Guardian. In a paper drawn up in January...
  • All bets are off: why bookmakers aren’t playing fair

    As G Force burst through to win the prestigious Betfred Sprint Cup at Haydock, I began celebrating my biggest priced winner of the flat season, having backed him at odds of 25-1. But my joy at such a profitable day’s gambling was soon tempered by the realisation that yet...
  • Betting machines: How one man lost everything, £1,000 at a time

    It took Tony Franklin just 59 minutes to squander £3,500 on high-speed, high-stakes gambling machines in his local Coral bookmakers. Losing the money was easy. Thirteen days before Christmas, he walked up to the counter, swiped his debit card and spent £500 picking the wrong numbers on electronic roulette....
  • More than third of betting machine players experience problems with gambling

    More than a third of people playing high-speed, high-stakes betting machines experience problems with their gambling, according to industry-funded research released on Wednesday. The study involving 4,000 gamblers, which was commissioned by the Responsible Gambling Trust, revealed alarmingly high levels of problem gambling with high-stakes. FOBTs have been dubbed...
  • Revealed: how bet365 profits from Chinese punters who risk jail for gambling online

    Bet365, the Stoke-based bookmaker whose adverts are fronted by the actor Ray Winstone, has grown into one of the world’s largest online gambling businesses, helped by Chinese punters, who risk prison terms by betting via the group’s website. The company – which is also known in Britain for funding...
  • Macau busts $645 million World Cup betting ring

    Police have smashed an illegal betting syndicate in Macau for allegedly taking the equivalent of US$645 million in bets on World Cup matches. It’s believed to be the biggest ever raid on an illicit football bookmaking racket in the Asian casino capital, according to police. The gambling ring used...
  • ‘Set your Limit’s’ and ‘Gamble Responsibly’ campaign. (Video)

    Sights and sounds from Hillsborough and Sheffield City Centre featuring Bookmaker shop frontages and signage. Filmed on the 2nd & 3rd March, 2014 the Association of British Bookmakers had officially launched it’s ‘Set your Limit’s’ and ‘Gamble Responsibly’ campaign on the 1st of the month....
  • The gambling machines helping drug dealers ‘turn dirty money clean’

    Dressed in a grey hoodie and jeans, James, 24, looks like just another lost soul in the high street, shuttling between the six betting shops in an east coast seaside town. It’s a weekday morning and if you catch up with him inside a bookmaker, you’ll find him peering...
  • Bookmaker Coral rebuked by regulator over money launderer

    Shops owned by one of Britain’s biggest high street bookmakers were used to launder almost a million pounds of money linked to drug dealing, the gambling regulator announced on Monday. In a rare admission that betting shops could be used to conceal the source of ill-gotten gains, the Gambling...
  • My son is addicted to gambling

    My 25-year-old son is depressed and in the habit of gambling. His manual job seems to get him down and he feels worthless as in our family both parents are graduates, as is his younger sister – he feels the only way out of his “inadequacy” is going to...
  • Escape from gambling hell

    Eugene Farrar combed his hair, put on his best suit and polished his shoes. He wanted to make sure he looked the part for the moment he chose to turn his life around. On a spring afternoon last year, the 42-year-old calmly walked into a betting shop in Knaresborough,...
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