MarketLine Blog

Posts tagged to Betting

UK Gambling Restrictions: Proposed changes to gambling limits are the wrong approach to a very real problem

MarketLine

The Department for Digital, Culture, Media & Sport, supported by a proposal from the UK Gambling Commission, announced plans on October 31, 2017 to cut the maximum bet that can be made at B2 gaming machines, often known as fixed-odds betting terminals by more than half, from its current level of £100 ($131) to a level around £20-30 ($26-$39). At present a consumer could theoretically bet – and lose – up to £18,000 ($23,600) in one hour on a B2 machine. The government is also considering an increase in the… Read more

UK Bookmakers hedge bets with consolidation

MarketLine

July 25 2016 saw the latest move towards consolidation in the UK gambling industry as online bookmaker 888 Holdings Plc (888) and casino operator The Rank Group Plc (Rank) approached longtime incumbent William Hill Plc (William Hill) about a potential merger. The merger would create one of the largest gambling groups in the world and the share prices of all three protagonists responded well to the announcement. UK takeover rules dictate that 888 and Rank now have until August 21 2016 to submit a formal offer. This is somewhat of… Read more

Betfair – From Start-up to World’s Largest Betting Exchange

MarketLine

Betfair is the world’s largest internet betting exchange offering betting options in a wide range of markets as well as financial spread betting, casino games and arcade games. The company is based in Hammersmith, West London, England. Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest betting exchange in the world. The company now processes over five million transactions a day from its three million registered customers around the world. The company employs approximately 1,200 people in the… Read more