Tag Archives: Gambling News UK

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The popular Ladbrokes company is yet to face a 24- hour license suspension. On 3rd September 2018 Belgians, gaming commission issued a sanction to Ladbrokes over their blunt mistake of offering virtual chances games.

Virtual chances games are those lark games where customers put into hefty amounts of their finances to predict outcomes of some non-existent imaginary events. This kind of chance game was only entertained by law between 2012 to June of 2017. Afterward, it was banned and declared illegal by the countries law. In giving a blind eye to the ban, Ladbrokes further progressed to avail this kind of illegal services to their esteemed customers until the 14th of March, 2018.

The reports of the 24-hour license suspension were made on Wednesday by De Morgen dailies, Het Laatste Nieuws and La Derniere Heure. In effect to this sanction, the esteemed customers of Ladbrokes are compelled from making any online bet on that very day. In addition, its 300 agencies together with their vaguely projected 100 bookstores that are related to it and its digital operation will also face a 24-hour suspension on that same day.

As if this is not enough, its daughter companies, that is Derby SA and Tierce Ladbroke SA will also be immensely affected by this prevailing sanction.

In regard to the above, the gaming commision saw it wise to come up with a stringent sanction that will necessitate a 24-hour suspension of Ladbrokes online casino activities. This sanction is meant to punish Ladbrokes after realizing that they acted ignorantly to the law as they continued to carry out their virtual chance gaming activities despite them knowing that there was an existing ban compelling the activity from taking place in the country. Ignorance is paid with ignorance.

The I gambling business site, in addition, adds that the company had enjoyed a monopoly on virtual chance gaming activities in Belgium until the last day of June 2017. Throughout their time of monopoly, no other online casino site was granted the authority to offer the same virtual chance gaming services. The likes of Rocolus had possessed a number of challenges concerning this.

In addition, the company was found guilty by the commision over not having contested for facts of materiality on the same. iGamblingBusiness.com request for publication clarification was not responded to by Ladbrokes betting company.

The gambling insider site has a lot to share concerning the 24-hour license suspension of Ladbrokes. It adds that the 24- hour sanction not only applies to Ladbrokes online casino company but also any other high profile street shop that is located in Belgium. Shifting our focus from this thud slap to Ladbrokes company, there is some recent better news for their branches located in Australia. Ladbrokes as a general has another reason to smile as their Australian branches are set to launch a brand new betting accumulator product. This will be as a result of them working hand in hand with suppliers Sportscast.

 

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Chief executive Producer of the giant Paddy Power Betfair betting firm Peter Jackson claims that the firm’s winning streak is back after a well-done performance of the world cup despite facing harsh challenges in the U.S and Australia markets.

Most of their investors got disappointed after they missed to meet their 9.9% expectations on their returns growth. The half-year returns on revenues reached 5% of which it cuts down the full year earnings to approximately £470m from the expected value of £482.5m. Despite the lagging in returns growth, the company had gross profits of 4pc higher at £106m for the past six months before the world cup. The CEO defended the firm against the negative performance indicated in the stock share markets arguing that the changes were as a result of a change in tax regime imposed by the Australian government to sport gambling firms as well as mixed reactions about whether U.S Supreme courts will legitimize sports gambling casinos.

The company management, therefore, decided to beef up on their marketing strategies to ensure they boost their market share prices. They agreed on a World Cup campaign that was meant to pledge donations of £10,000 for each goal scored by the Russian team in the entire tournament which was to go to an LGBT charity. Thanks to their world cup strategy it worked perfectly well and boosted their profit margin to give back glory to the company’s reputation. During the world cup, the company netted more than £22m as revenues that comes with a £8m in profit.

It was in 2009 when Betfair owned TVG, the largest U.S. horse racing firm with members in more than thirty-five states as well as broadcasting TV channel viewed in more than 45 million homes. Paddy Power which later merged terms with Betfair owns an online gambling casino, and they are still they are the biggest horse racing bookmakers in New Jersey. In 2017 they also owned a daily fantasy sports (DFS) company. Recently in June they also took over FanDuel (a U.S fantasy game site) after paying the firm $770m.

Despite deploying the key strategies in sports gambling, with all these sister companies to Paddy Power Betfair earns about $2 billion annually from the U.S casino gambling markets. According to revenues earned from other countries, this value seems that Paddy Power Betfair is not maximizing on these U.S markets. It is an undeniable fact that the U.S has a higher population of people interested in sports. After its merger with FanDuel and a contractual agreement with Boyd Gaming(another major online sports gambling casino company), the betting company is promising it’s investors to expect positive growth in the emerging U.S sports wagering market.

As of now, there are high hopes emerged after the U.S Supreme Court in May declared the legalization of sports betting and casino operations and should still pose reasonable taxes for the sports betting sites. The U.S CEO Kip Levin urges that they are already doing markets for all U.S. sports because it’s growing in popularity, especially in Australia. At the same time, they are ensuring their betting offers are more tailored to the U.S market. He also added that if more taxes are imposed on them, there may not be any probability of having promising rewards as well as it will remain a big challenge to eradicate illegal markets. Additionally, he suggested it could be better if all states in the U.S will have a constant rate so as to enable them to offer the same bets countrywide. Ed Monk who is an associate director at Fidelity personal Investing said “before the World Cup the bookmaker share value was up at almost 9% and therefore Paddy Power Betfair stands to gain from the opening up of US betting markets, confirmed earlier this year, and has moved quickly to expand its FanDuel site to capitalise. That benefit, though, now appears to be priced into the shares and investors will want to see the improved operational performance and a return to growing market share from here.”

The company has an optimistic approach to their strategies in increasing market share in the U.S markets. The management is focusing on brand recognition, market accessibility and operational capabilities and substantial investments to increase their customer base across the U.S wagering market. A strong coverage by their very own racing channel TVG will be their key advantage in increasing their customer base and brand recognition.

 

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The United Kingdom Gambling Commission says that roughly 430,000 people in the country have gambling problems. That is a sizable number of people in Britain that have been affected.

William HillThe new ad campaign is capturing attention and also raising eyebrows along the way. William Hill is a prominent gambling firm that wants to resuscitate their image along the way. That firm has proven to be an important leader in ways that have surprised many people. Follow the story and decide whether William Hill is still a trustworthy firm in their own right. The team hopes to revitalize their image in the coming years.

William Hill has renewed their commitment to preventing problem gambling. The firm has started some policy for change in the way people gamble. Their latest ad campaign is entitled ‘Nobody Harmed’, but it does focus on that issue. That demonstrates that the firm is concerned about the well being of gamblers. That is a big step forward for a firm that has worked hard in the past. People will want to consider the issue and think through how it could affect their lives. That explains why William Hill is proving to be a popular leader all over again.

The Gambling Commission has issued calls for firms to stop problem gambling. People are worried that far too many citizens are now concerned about the issue itself. The Gambling Commission has overseen some of these developments for quite some time now. The country has changed the way that they do business and people are following along. That is a big step in the right direction as well. Other firms have followed that cue in real time for those interested. Come to respect the important work that is getting done along the way. William Hill is a leader and wants to show that they still care.

William Hill has sent out a public service announcement that people want to consider. That could prove to be valuable and what service they will want to try. William Hill is maintaining their service catalog in ways that some will review. That announcement represented an effort to contact people with that problem. Gambling is a serious issue and should be taken with all due concern. William Hill is proving to be an important leader in that regard as well. There are steps that should be taken to keep people interested. These ideas are valuable for anyone with problem gambling issues themselves.

A representative actually said that they felt that they fell far short of their objective. They wanted to curtail problem gambling in the United Kingdom. But the firm has taken note of a few problems themselves. That explains the reasoning behind their latest ad campaign. That is a worthwhile step that people will take towards rehabilitation. William Hill has made an effort to change their official policy about gambling. The firm wants to educate people about these problems in advance. That could help everyone make real strides towards correcting problem gambling in the United Kingdom.

William Hill is going to target four main areas related to that issue. One includes how to identify a problem gambler when necessary. New staff members are being trained on that problem when they can. Support services are being extended to those who need the right kind of help. William Hill wants to get that work done right as is needed. That will showcase that the firm is taking the right measures. Their firm wants to maintain good standing with the gambling commission. Responsible gamblers are making a good case for these motions. William Hill is ready to do their part as is needed.

 

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Sports gaming is one of the industries that many prominent investors are eyeing. Banach technology is one of the newly established businesses in this industry. The company so far is running in Sandyford, Dublin, Ireland. It was founded in 2015 and has worked with some of the top companies in the industry. The company is headed by Mark Hughes who is the current CEO. The company was able to raise €2.55 million from seed funding.

Paddy PowerThe company reported that the round was in a significant way oversubscribed. Some great backers made the decision of investing in the company including; David power and Stewart Kenny the Co-founders of paddy power. They are believed to have spent €232,738 and € 116,369 each respectively. Other people from the paddy power that invested in the company include Patrick Kennedy who was the chief executive, Cormac McCarthy the former chief financial officer and Cormac Barry the former head of the Australian division.

The company plans to use the raised money to expand its investments by the end of 2018. The primary areas they are focusing on are the traditional four major US league sports. Also as reported by Mark Hughes, the company’s chief executive, they will also work on strengthening their labor team. They will add more mathematicians and software expertise plus other expertise to help accomplish the mission of launching new products for baseball, American football, tennis, basketball and ice hockey in a few coming months. At the moment the company has football product only and want to build products on other sports and as well start venturing into risk management.

The company offers clients with products that facilitate greater customer engagement, pricing and customer experience system to gambling companies like GVC Holdings and BWin. It has technology that can revolutionize and automate one game in multiples process. The technology also can simplify the complex multi-betting market for the B2C clients. Currently, Banach technology is working with Ladbrokes Coral on in-game betting technology for matches at the World Cup, pictured.

The products from this company help the clients achieve an excellent customer engagement and at the same time improve the customer’s experience. Some of the prominent clients of BT include; Bet Bright, GVC Holdings and Paddy Power Betfair (which provides for; Sportsbet, Betfair and Paddy Power brands).

The company was started by Reck; Mark Hughes is the current CEO, LAEX Zevenbergen is the chief technology officer, and Hadrien Lepretre is the head of operations. These four has served in Paddy Power before. Reck was serving as the head of Quants and was later appointed to be a principal analyst in one of the sports betting companies in Ireland. After his appointment in the company, he was replaced by Hughes. Zevenbergen was the chief software engineer of Paddy Power from 2008 to 2015. Lepretre was the head of quantitative logistics from 2014 to 2015. The four decided to collaborate and work on BT in 2015. They are also people with experience the primary reason behind the big success.

The company has 12 employees but is hoping to increase them to 30 by the end of 2018. The similar rate of increase is also expected to be witnessed in 2019. The company having big names on the list of investors has made it more credible. As reported by Hughes the company is unique in the sense that some of the work they have done together before and this is the reason behind them building platforms quickly. With no doubt, the company is growing at a very high rate, and if it continues at the same pace, it will outdo many companies in the industry.

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