What Does the Second Wave Mean for Betting Shops?

Just when things seemed to be getting back to normal, a second wave of Coronavirus seems to be rearing its ugly head. In response, the Government have come up with a (some might say baffling) 3 Tier Local Lockdown system which will apply stricter rules to areas of the country which are especially exposed to…

William Hill in Bidding War as Share Price Rockets

It was a busy end to the week for William Hill, as news broke last Friday of not one but two companies bidding for a takeover. The share price sky rocketed over 40% in reaction, but although interest had been announced no official offers had been made until today, when a £2.9 billion price tag…

£350million Tax Refund for William Hill & GVC

A letter from the tax man isn’t often a welcome sight, but for high street favourite William Hill it couldn’t be better news. The same can be said for sports betting and gaming group GVC Holdings, who own Ladbrokes and Coral. They are expected to claw back £350 million between them in overpaid VAT. It…

Betfred Sign Deal With At The Races

The gambling company, Betfred, which is arguably the best known bookie for horse racing in the UK, have just signed a deal with At The Races (ATR) that will begin in January 2020. It is a multi-year turnover based arrangement as opposed to the old pence per stream method of doing things, and both parties…

Growth Still Strong for Bookmakers

One of the biggest gambling groups in the industry, GVC Holdings, has said that revenue from online operations is up 18% on the previous year, taking the sting out of the loss of income from FOBT’s. GVC own Ladbrokes Coral so they know only too well the effects of the changes in regulations concerning the…