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Latest Finance News related to Bookie

Our high streets don’t need new shops – they need new ideas | Suzanne Moore image
.... Why not?. In between these bursts of hope and the charity shops and the bookies there is so much empty retail space. ...
Bookmakers' software under scrutiny image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:06 PM
. The Information Commissioner's Office is investigating whether online bookies are breaking the law. ...
Tesco has settled with the SFO – but it faces more headaches ahead | Nils Pratley image
....“The year ended with a sharp reminder that nervous times are never far away,” said Jim Mullen, chief executive of newly merged Ladbrokes Coral. Apparently, it was only a home defeat for Newcastle United to Sheffield Wednesday on Boxing Day that saved the bookies from a “black swan” event on accumulators and multiple bets. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....“It’s just gradually falling to bits,” says Pete Morton, a barista at a coffee chain in the town centre. There are several empty shops and at least eight bookies up and down the length of Union Street, though locals are split on whether that’s down to the oil crash or a reflection of wider retail changes seen elsewhere, too. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
....4% of consumers. Those heading from the pub to the bookies’ tend to see Ladbrokes as offering the best value for money but may not have fully assessed the odds, according to HSBC. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....The week is always notable for its casualties – with horses falling at fences and the odd well-refreshed punter tumbling into them – but who gets hurt in the battle between the turf accountants and their customers is also closely watched. Obviously, the bookies typically win, as the odd-setters have the twin advantages of mathematics and not being (quite so) kaylied. ...
Ex-John Lewis boss: 'The Tories are the insurgents in the West Midlands' image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:00:00 AM
....”. Street, who is the bookies’ favourite to become mayor, said adult skills training, transport and mental health were specific services under his remit that could be overhauled. ...
Betting turf war is torpedoing efforts to help problem gamblers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
....The government is conducting a review of gaming machines that industry figures fear will lead to tighter curbs on betting machines and reduced profits. The review has seen amusement arcades and casinos go on the offensive against bookmakers by highlighting the addictive nature of FOBTs, which make up more than half of bookies’ revenues at about £1. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
....” As this page is fond of pointing out, that’s how Robert De Niro’s character, Ace Rothstein, explained the gambling industry in the 1995 film Casino. Remember his words this week, when the Fixed Odds Betting Terminals (FOBT) All Party Parliamentary Group publishes its report on those controversial betting machines in bookies’ shops, which allow punters to gamble on games such as roulette. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
....The bizarre tactic is part of William Hill’s efforts to exploit a dispute between two of its competitors – Ladbrokes-Coral and Betfred – and horse-racing TV channel the Racing Partnership. The row, over the fee that the Racing Partnership charges bookies to show races, has left Ladbrokes-Coral and Betfred unable to broadcast the channel to punters. ...
Gambling firms charmed MPs ahead of betting review in 2016 image
Source : Guardian [Read Article] Sunday 1st of January 2017 05:37:37 PM
....The amount spent on MPs – during a year in which the threat of increased regulation has loomed large – was a major increase on 2015, when gambling and racing firms hosted MPs just nine times, to a total value of less than £5,000. A spokesman for the Campaign for Fairer Gambling, which campaigns for FOBT maximum stakes to be reduced from £100 to £2, said: “Those MP’s who accept the bookies’ free entertainment must surely realise what this is really about and why all of a sudden they are splashing the cash on them. ...
Paddy Power faced with £4m bill after Republican's victory image
Source : Guardian [Read Article] Wednesday 9th of November 2016 05:50:17 PM
. They say the bookie always wins, but not on Tuesday night. ...
Bets are off image
Source : BBC [Read Article] Monday 5th of September 2016 11:34:47 PM
...."Ask people in the street and they might be able to name some, but it's a way to go to Usain Bolt levels," says Paddy Power, the eponymous spokesman for Irish bookmaker Paddy Power. During the London 2012 Games bookies offered a wide range of bets on the Paralympics for the first time. ...

Brexit is not Jeremy Corbyn's cross to bear, but that of the Europhile elite
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....Their anger is understandable after the vote in June, as losing would have been somewhat traumatic. Pollsters, bookies and analysts predicted - even on the day - that they would win, but it was not to be. ...

Meet Diane James, the Ukipper Nigel Farage hopes will take back his party
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Source : Telegraph [Read Article] Thursday 4th of August 2016 09:56:13 AM
.... The charismatic former lawyer dwarfed his rivals in terms of name recognition, as much as he had been able to accrue under Mr Farage’s shadow. Polls and the bookies suggested the “Woolfe pack” would storm to victory, until the party’s National Executive Council decided that his late application meant he couldn’t stand. ...

Ladbrokes says 'sporting gods have smiled' as bookie returns to profit 
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Source : Telegraph [Read Article] Thursday 4th of August 2016 08:49:58 AM
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Related to :
Ladbrokes profits up strongly on 'bookie friendly' results image
Source : BBC [Read Article] Thursday 4th of August 2016 07:01:31 AM
.... . It cites a run of "bookie friendly" results, like that of the European Championship, where England and Northern Ireland exited early. ...

Ukip needs Lisa Duffy to take it forward after Nigel Farage
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Source : Telegraph [Read Article] Tuesday 26th of July 2016 10:35:16 AM
. Until recently, I was the bookies’ favourite to become the next leader of Ukip, and the first choice for many Ukip members. ...
Bookies got EU vote wrong, Ladbrokes says image
Source : Guardian [Read Article] Friday 24th of June 2016 07:00:08 AM
....As the polls closed on Thursday night, Ladbrokes was offering 4-1 on an out vote, with its betting suggesting that a remain verdict was a 90% certainty. But with much more money bet on remain than leave, the bookies are likely to turn a large profit. ...
Business winners and losers from the Euro 2016 tournament image
Source : Guardian [Read Article] Friday 10th of June 2016 04:38:36 PM
.... For the listed players Paddy Power, Ladbrokes and William Hill navigating the tournament successfully can make or break their financial year. If England were to win though, bookies might be the only people not smiling. ...
The big gamble: the dangerous world of British betting shops | Tom Lamont image
....) Plinky, pound-at-a-time fruit machines came in and then, around the turn of the millennium, the first modern gambling machines – “fixed-odds betting terminals”, or FOBTs (pronounced fobtees), offering a digitised version of roulette as well as other arcade-style games that could be gambled on. The major bookmakers also launched and invested in dotcom operations, but they were not especially light-footed about it, and their profits were eaten into by an online-only service named Betfair that empowered its customers to act as bookies themselves, setting odds and taking bets from one another. ...
Bank's warning of a Brexit double whammy is very handy for Osborne image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:16:34 PM
.... Nor is it the case, as Osborne has been asserting, that interest rates would inevitably rise after a Brexit vote. The forecasts contained in the Inflation Report assume that the bookies have got it right and that Britain will vote to remain in the European Union. ...
Leicester title odds prove an own goal for William Hill image
Source : Daily Express [Read Article] Sunday 8th of May 2016 11:31:00 AM
....By contrast a string of favourites winning at this year’s Cheltenham is understood to have cost the sector £60million. Rival bookies believe Hill exacerbated matters by offering a best price guarantee during the festival. ...
BHS pensioners are on the ropes, but Frank Field is in their corner image
....Still, on his way out, the punter gets collared by a croupier and informed that very few people bought lottery tickets, so he’s scooped the top prize. Would anybody have any sympathy for the casino manager if he then started moaning that he’d lost £25,000? Yet that is effectively what the bookies have been asking everybody to believe with their constant bleating about Leicester City winning the Premier League, having started the season at odds of 5,000-1. ...
City news: Ladbrokes, Sky, TSB, Lloyds image
Source : Daily Express [Read Article] Friday 22nd of April 2016 02:42:00 PM
.... . The bookie has done well from an unpredictable football season where top teams have been upstaged, but admitted the recent Cheltenham Festival had been “the worst in living memory” as a string of favourites romped home. ...
George Osborne's borrowing targets will be hard to meet image
Source : Guardian [Read Article] Thursday 21st of April 2016 02:08:19 PM
.... Firms are likely to delay investment decisions and consumers may also adopt a wait-and-see approach. But, assuming that the bookies are right and the referendum results in a decision to stay in the EU, there could then be a burst of catchup growth later in the year. ...
Hinkley Point C: either call the plan off or set a deadline and stick to it image
.... No, not the confirmation that William Hill lost money on every day of the Cheltenham Festival. These things happen and the bookies shouldn’t grumble, because their business would be smaller if the punters didn’t enjoy a winning run once in a while. ...
Things look less dreadful at Glencore – but a little humility is in order image
.... That’s not even a slap on the wrist. Here’s a better remedy: order the offending bookie to turn off all its FOBTs for a month. ...
Can we predict Oscar winners using data analytics alone? image
Source : BBC [Read Article] Friday 26th of February 2016 12:00:03 AM
.... . Well, given that the bookies have chalked up The Revenant as the clear favourite as well, this might not seem a very impressive feat of prediction. ...
Time for the annual bank results bust-up image
Source : Guardian [Read Article] Sunday 21st of February 2016 09:59:21 AM
.... But last month, the Financial Conduct Authority threw a spanner in the works by saying it would look again at whether there was a case for action against former HBOS managers. Those under examination could be barred from working in a job requiring FCA authorisation, though that wouldn’t stop Hornby working at a publicly traded bookie. ...
What would a British exit from the EU mean for Ireland? image
Source : BBC [Read Article] Friday 19th of February 2016 10:02:34 PM
.... . "The bookies who usually know a little bit more about these things than others are actually quoting 3/1-on that they are going to stay in - so it (Brexit) may not happen, and my own instinct is that it won't happen. ...
William Hill warns merger of rivals will hit competition image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 06:29:34 PM
.... . “To the extent that the market has changed, those changes reinforce the concerns set out in 1998,” the bookie claimed, arguing that many smaller betting companies have since been acquired or closed, meaning “the market is already significantly more concentrated than it was“. ...
William Hill teams up with NYX for OpenBet bid image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:07:11 PM
.... The FTSE 250 gambling technology company Playtech is also circling OpenBet. It is thought that some bookies are nervous about OpenBet potentially falling into Playtech’s hands because it would bolster that company’s already dominant position. ...
Calls to legalise betting in India image
Source : BBC [Read Article] Friday 5th of February 2016 10:16:15 PM
....Five minutes earlier his money was on Australia, but now as the Indian batsman gets ready to face the last over he's changed his mind. "I think India is winning, make the change," he tells his bookie on the phone. ...
Don’t bet against new superbookie hitting the front  image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:46:19 PM
.... The Irish bookmaker sparked outrage in the run-up to the 2014 football World Cup with an image apparently showing a message of support for the England football team carved out of the Amazon rainforest. However, behind the constant pranks lies a company that is increasingly being taken seriously, having just created a new super-bookie through its merger with online rival Betfair. ...
Oil price crash: rout reaches $27 as Opec warns US shale will be forced to relent image
.... A barrel of Brent is now likely to fall below $25 this year, according to the latest odds from Ladbrokes. The bookies have 10/11 on oil falling below $25, and 10/1 for a collapse to $10. ...
William Hill confirms exit of online boss following troubled app launch image
Source : Telegraph [Read Article] Thursday 14th of January 2016 02:41:47 PM
.... . Andrew Lee, who had been the bookie’s managing director of online, is now on gardening leave, boss James Henderson confirmed today. ...
Horseracing dismisses levy offer made by Coral image
Source : Telegraph [Read Article] Wednesday 13th of January 2016 03:26:54 PM
.... . Nick Rust, the chief executive of the British Horseracing Authority, told The Daily Telegraph that the horseracing levy offer made by Carl Leaver, the boss of Coral, was not strong enough to form the basis of talks between the sport and bookies. ...
George Osborne has tied a knot of fear and optimism – but is it unravelling? | Polly Toynbee image
.... Most Brics – the once rising economies of Brazil Russia India and China – no longer look like rocket launchers for the global economic future. The coming EU referendum, a throw of the dice recklessly promised by David Cameron in a fit of fright over Ukip, is shaking confidence, with bookies calling a 50-50 chance of a “leave” vote as the EU staggers under euro troubles and the migration crisis. ...
Bookies will be powerless to redirect horseracing sponsorship money, Ladbrokes boss warns image
.... . But he cautioned that if Ladbrokes is barred from such partnerships, the company will be forced to divert the funds into other sports, locking the money up for years, even if bookies and racing resolve the row. ...
All bets are off as Betfair asks me to repay my football winnings image
Source : Guardian [Read Article] Monday 21st of December 2015 10:34:53 AM
....As far as I am aware both parties entered a legal contract where Betfair offered me odds, and I clicked the proceed button to agree to this contract, therefore the company has no right to dispute this. I have heard countless stories of bookies refusing to pay out for similar reasons, but because it has actually paid me and is now wanting me to pay it back, I need to know where I stand. ...
A nation of tea drinkers? UK families' spending habits changing, annual survey shows image
.... Household in the south-east spend 75% more on wine than drinkers in the north-east. More money is spent on the National Lottery and the bookies (£2. ...
Betfred eyes pickings from £2.3bn bookie merger image
Source : Telegraph [Read Article] Saturday 5th of December 2015 08:00:07 PM
....” . The merger of the two gambling companies was agreed in July and will create Britain’s biggest bookie by betting shops, with a combined 4,000 sites. ...
Levy row opens gulf between bookies and horseracing image
Source : Telegraph [Read Article] Saturday 5th of December 2015 12:00:47 PM
.... The race was the talk of the sport, which was good news for Ladbrokes. The bookie sponsors the festival and the Ladbrokes St Leger Stakes, the world’s oldest Classic, is its climax. ...
Bookies are odds-on if the going gets rough image
Source : Telegraph [Read Article] Thursday 3rd of December 2015 08:34:08 PM
. The turf warfare over funding between bookies and the horse racing industry is escalating, regardless of the fact that the Government has extended the betting levy into the 2016-17 season. ...
Horseracing ratchets up the pressure on bookies with Betfair deal image
Source : Telegraph [Read Article] Thursday 3rd of December 2015 08:12:36 PM
.... . In a crisis that is engulfing racing, the BHA wants bookies to become ABPs, but some firms have been angered by the new contracts, which blocks companies from sponsoring races if they do not agree to terms, and have threatened to take their money elsewhere. ...
Coral boss Carl Leaver dismisses criticism of Ladbrokes merger image
Source : Telegraph [Read Article] Monday 30th of November 2015 02:15:26 PM
.... Speaking as privately owned Coral posted a 6. 4pc rise in annual net revenues to £1bn, Carl Leaver, the company’s chief executive, dismissed criticism that the bookie’s private equity backers had the most to gain from the tie-up. ...
Billionaire defiant in face of Ladbrokes defeat image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 05:21:34 PM
.... There has been persistent speculation that Mr Desmond, who is thought to be worth around €1. 5bn and has been a Ladbrokes shareholder for nine years, could participate in a bid for the bookie. ...
Ladbrokes makes fresh bid to win investor support image
Source : Telegraph [Read Article] Thursday 19th of November 2015 10:36:50 PM
.... . The bookie has been forced on to the defensive after Dermot Desmond, the Irish billionaire, issued an open letter to fellow shareholders urging them to block the merger, claiming it effectively marked “the death of Ladbrokes as an independent company”. ...
Shareholder opposition to merger of Ladbrokes and Coral mounts image
Source : Telegraph [Read Article] Wednesday 18th of November 2015 08:30:40 PM
.... A leading Ladbrokes shareholder has told The Daily Telegraph that he shared some of Mr Desmond’s worries about the merger and would hear the billionaire’s grievances. The deal will create Britain’s biggest bookie by betting shops, with the new company, which would be called Ladbrokes Coral, potentially owning about 4,000 sites. ...
Billionaire investor opposes £2bn Ladbrokes merger with Coral image
Source : Telegraph [Read Article] Wednesday 18th of November 2015 01:26:28 PM
.... . Mr Desmond, who is thought to own at least 1pc of the bookie, has written an open letter to other shareholders in which he described the deal as “the death of Ladbrokes as an independent company”. ...
Meet the man who beat the bookies – and the banks. But the odds are against you image
....Which set me thinking, could short odds betting, whereby the chances of something happening are relatively high, at the very least beat interest rates offered by banks and building societies? And could I achieve this while heeding the industry’s obligatory warning to “gamble responsibly”?. For a middle class softy the inside of a bookie’s can be an alien environment. ...
Scrap Sunday trading hours and let the market decide when we want to shop image
Source : Telegraph [Read Article] Monday 26th of October 2015 03:35:06 PM
.... . With its dismal mix of banks, charity shops and bookies, the average shopping mall is about as exciting as a speech by Hilary Clinton. ...
Coral sells Gala Bingo clubs for £241m ahead of Ladbrokes merger image
Source : Telegraph [Read Article] Monday 26th of October 2015 08:23:46 AM
.... The sale comes as Ladbrokes' and Gala Coral attempt a £2. 3bn merger, which would create the biggest bookie in Britain by betting shops. ...
Ladbrokes profits plunge but investors cheer signs of a turnaround  image
Source : Telegraph [Read Article] Thursday 22nd of October 2015 07:37:02 AM
.... . While Chelsea’s poor performance so far this season helped the bookie, the fillip from football has been offset by unfavourable horse racing results, including what boss Jim Mullen described as the worst St Ledger meeting for a decade. ...
This week: More banking news than you ever dared hope for image
Source : Guardian [Read Article] Sunday 18th of October 2015 08:00:03 AM
....Next day it’s thoroughbred William Hill, which mastered the online game earlier than its mainstream opponents. At first glance, Ladbrokes’ deal with Gala Coral will make it Britain’s biggest bookie, with more branches than William Hill. ...
The lesson from climate change is how we must learn to adapt image
Source : Telegraph [Read Article] Saturday 17th of October 2015 02:34:45 PM
.... Political developments also demonstrate the trend away from evolution to revolution. The favourite candidates at the start of the Labour Party’s leadership contest (and the bookies’) underestimated how, not just a Left-wing, but left-field candidate could capture the imagination and votes of a party disillusioned by mainstream alternatives. ...
....Volkswagen will welcome a new chief executive to what has become the toughest job in motoring. If the bookies are to be believed, the man tagged to clean up VW’s dirty practices and dirty exhausts will be Matthias Müller, the 62-year-old boss of VW’s Porsche arm. ...
Corbynomics? Give me common-sense economics image
Source : Telegraph [Read Article] Sunday 20th of September 2015 09:17:54 PM
.... A few months ago, I thought Jeremy Corbyn had little chance of becoming Labour leader. By July, the bookies had installed Corbyn as favourite and I started to notice how many men look like Jeremy Corbyn. ...
The biggest bets bookies are making are on their own futures image
Source : Independent [Read Article] Friday 18th of September 2015 11:37:37 PM
.... And those punters left behind more than £7bn in bingo halls, arcades and casinos, as well as traditional and online bookmakers, according to the Gambling Commission. Now the bookies themselves are being forced to make a few bets. ...
CBI deputy director general Katja Hall quits after losing out on top job image
Source : Telegraph [Read Article] Monday 7th of September 2015 11:16:58 AM
.... . When John Cridland, the director general, announced his departure in March, Ms Hall was the bookies’ favourite to succeed him. ...
Mobile phone contract heartache for grieving mother image
Source : Daily Express [Read Article] Wednesday 2nd of September 2015 12:01:00 AM
....If customers feel they have been unfairly ruled out, William Hill require they forward the original email before it investigates eligibility. The bookie has now returned Garry’s money. ...
Bwin.Party takeover battle enters final furlong image
Source : Telegraph [Read Article] Saturday 29th of August 2015 06:45:47 PM
.... . It is thought that both Paddy Power and Betfair would be too expensive for the bookie. ...
In a crowded field, William Hill might not get a ride this time image
Source : Independent [Read Article] Wednesday 26th of August 2015 11:57:16 PM
....It is a potentially formidable combination, hinted at in a tweet by Paddy Power a couple of weeks ago in response to the announcement of the Ladbrokes and Coral tie up. The Irish bookie cheekily suggested it could respond by teaming with Betfair under the entertaining title of “Betty Power”. ...
Paddy Power merger brings Betfair boss full circle image
Source : Telegraph [Read Article] Wednesday 26th of August 2015 07:23:04 PM
.... . The mooted Paddy Power merger will see Mr Corcoran, 44, return to the Irish bookie and take the top job at what will be one of the world’s biggest online betting and gaming companies. ...
World’s biggest betting exchange Betfair and Paddy Power to merge image
Source : Guardian [Read Article] Wednesday 26th of August 2015 06:08:02 PM
.... At the time Betfair was just one among several small start-ups testing the possibilities of online gambling. Eighteen months later it was the clear leader in the exchange betting market and growing so rapidly that predictions of doom for bookies suddenly seemed a great deal more plausible. ...
Paddy Power and Betfair agree to merge image
Source : Guardian [Read Article] Wednesday 26th of August 2015 07:09:29 AM
....54bn) at Tuesday’s close. The deal unites it with Betfair’s online gambling exchange, which lets punters bet against each other in real time instead of accepting bookies’ odds. ...
Paddy Power unveils merger talks with rival Betfair image
Source : Telegraph [Read Article] Wednesday 26th of August 2015 06:25:50 AM
.... Paddy Power shareholders would also receive an €80m (£59m) special dividend before the tie-up completes. Betfair is understood to have initiated talks with the bookie about two months ago. ...

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