The branding rights for the World Series of Poker have been sold by Caesars Entertainment to NSUS Group, owner of GGPoker, for $500 million (around £392 million). Caesars will be paid $250 million in cash plus a further $250 million as a ‘promissory note’ five years down the line. And the icing on the cake […]
Business
Former Playtech Chief Sues ITG Boss After Claiming He Was ‘Tricked’ Into Takeover Bid
The founder of Playtech is suing the former bosses of Intouch Games (ITG) over claims that they duped him into acquiring the development company using fraudulent means. Teddy Sagi, the billionaire business mogul, has launched a writ alleging that Simon Wilson and his now estranged wife Yu-Lin forged documents to ensure that the firm passed […]
England Win in 2024 Euros Final Would Cost Bookies ‘Tens of Millions’
Although they’ve been installed as a narrow underdog for the game, if England were to win the 2024 European Championships final in Berlin on Sunday it would be a dog day evening for the bookies. Gareth Southgate’s men had been the outright favourites to lift the trophy before a ball had been kicked and throughout […]
UK Bookmaker Statistics 2022-23: 5,995 Betting Shops (-3.6% YOY)
There was something of a consolidation amongst the high street betting fraternity during the 2022/23 financial year just gone – a welcome relief after the horrors of the health crisis. Indeed, the overall loss of 3.6% of betting shops in the UK from April 2022 to March 2023 was reflective of the high street trends […]
UK Bookmaker Statistics 2021-22: 6,219 Betting Shops (-19.1% YOY)
No event in the post-war era has had as much of an impact on the humble UK betting shop than the global health crisis. As we learned when examining the data from the 2020-21 financial year, the number of betting shops left on the UK high street following the main part of the period and […]