A factory worker from Grimsby landed a sensational £209,763 payout from a horse racing bet that saw him stake just £4.75. Machine operator Ralph Cooper chose four outsiders to win races at Newcastle and Newbury and placed a Lucky 15 on them. It includes four singles, six doubles, four trebles and a four-fold acca. His selections were 40/1 shot Prince Kayf, Bennys King at 10/1, Cornerstone Lad at 25/1 and the appropriately named Takingrisks at 20/1. Every single one came in and Cooper secured a life-changing payout from Betfred. “No-one will feel let down when it comes to opening Christmas presents this year,” he said. “This money has come just at the right time. I'm still lost for words about what has happened.”
Ladbrokes Coral owner GVC Holdings has moved 380 employees to a new office in Rome as its European expansion continues to gather pace. The office is set over six floors near the city centre and it will house all operational teams. GVC has also appointed digital expert Jette Nygaard-Andersen as a non-executive director. Nygaard-Andersen is the former chief executive of Stockholm-listed media conglomerate Modern Times Group’s EMEA division and she spent six years as a senior strategy consultant at Accenture. “Jette’s appointment further extends the breadth and depth of the Board’s collective experience and international outlook,” said GVC chairman Lee Feldman.
A Conservative peer overseeing a £100 million fund donated by the UK’s five biggest gaming companies has called for tighter regulation of the industry. Peter Chadlington told the Financial Times the 2005 Gambling Act does not address the massive growth in online betting in the past decade. He added that there is not enough research into gambling harm, particularly on its potential to cause children to gamble later in life. William Hill, Ladbrokes Coral, Paddy Power Betfair, Sky Bet and Bet365 are the companies funding the scheme, which is designed to treat addiction. “The Gambling Act is absolutely certainly not fit for purpose in 2020 because when it was drawn up in 2005 we had about 18 per cent internet penetration in the country and now we are at over 90 per cent, so there is very little in the act that deals with online,” Lord Chadlington said.
Europe’s gross gaming revenue increased 11% last year to reach €22.2 billion, according to new figures from the European Gaming and Betting Association. Sports betting is the most popular online gambling activity, representing 43% of the total EU market share, with revenue of €9.4 billion. The UK was a major contributor as it accounted for €7.3 billion of the total European gross gaming revenue. Maarten Haijer, Secretary General of the EGBA, said: “Europe’s online gambling market continues to show strong demand-driven growth and a switch to mobile devices. But its increased popularity reinforces the need for more consistent and strong consumer protections and industry standards across all EU countries. The current situation of diverging and sometimes conflicting regulations in EU countries is detrimental to consumers, authorities and operators alike.”