Bookmaker News of the Week

By Martin Green26 May 2019
Share with:
sportsbooks bet365 william hill paddy power

Bet365 is poised to move a number of operations from Gibraltar to Malta in a bid to mitigate any negative impacts surrounding Brexit. The Stoke-based firm has held a Malta licence since 2015 and it will move the bulk of its operations in the British territory of Gibraltar to the Mediterranean island. “As part of our strategic and contingency plans to ensure EU market access and to maintain and enhance operational efficiencies, we have been building our presence in Malta and operating a dual regulatory and licensing strategy between Gibraltar and Malta for a number of years,” it said. “However, from an operational and technical perspective and given our operating model, it has become increasingly challenging to efficiently run such multi-site operations and this has necessarily resulted in us conducting a review of our operations. We also continue to operate in a highly uncertain environment, driven primarily by the continuing Brexit landscape.”

Sky Bet executive chairman Richard Flint has urged the gambling industry to consider funding a network of treatment centres for addicts across the UK. He told BBC News the industry “hadn’t done enough to look after problem gamblers”. Last year the operator was hit with a £1 million fine for failing to protect vulnerable gamblers, and Flint admitted there had been failings. “We need to do more to self-regulate, and if we don't do more there will be more regulation forced upon us,” he said.

Ladbrokes Coral UK managing director Mark Kemp has left the business to take on the top role at Together for the Tote. He has spent eight years at Ladbrokes Coral, owned by GVC, but he said he is now excited to have the opportunity to rejuvenate the Tote and enhance the role it plays within British racing. Meanwhile, GVC chief executive Kenneth Alexander has been forced to apologise for allowing the firm to take bets in Turkey, where gambling is illegal. He was grilled in a licensing hearing in Nevada, where he was branded lackadaisical for overseeing this activity. “I’m at a loss to understand where exactly the buck did stop in the company if it didn’t stop with you, and why are we to be assured that going forward you’re going to be at the helm of this company in a different manner,” said Nevada gaming board member Terry Johnson. However, Alexander apologised, informed the board that he was ultimately responsible for the failings and said compliance has now been bolstered at the company, and GVC was eventually awarded the Nevada licence.

William Hill has signed up former professional footballer Robbie Savage as a brand ambassador as part of a drive to raise £2 million for a number of dementia charities. The William Hill Foundation is partnering with charities including Alzheimer’s Society and the campaign will see the Welshman making videos featuring dementia sufferers and their families. Savage’s father suffered from Pick’s Disease, a rare type of age-related dementia that affects the frontal lobes of the brain.

Paddy Power has decided to pay out a punter that put £5 on Theresa May becoming Man Utd’s next director of football. May announced this week that she would stand down as Prime Minister, sparking a heated battle to replace her. Boris Johnson is currently the favourite, but many more Tories are throwing their hats into the ring. The punter received odds of 500/1 for backing May taking on a role at Old Trafford, and Paddy Power has decided to pay the bet out, despite there being no chance of May actually moving to Man Utd. It gained the bookmaker plenty publicity, so a £2,500 outlay is not really a bad investment. Meanwhile, sister site Betfair went down for more than two hours on Saturday, forcing “bookmakers to be bookmakers for a change”.