Posts Tagged "William Hill"

Bettors make Greyhound Racing their preference

Bettors make Greyhound Racing their preference

Greyhound online betting has in the recent seen to improve drastically with this improvement attributed by the incorporation of new technologies. The rise has been evident across the globe with the UK leading the line in the number of punters involved in Greyhound betting.

This radical growth has called for actual global launch of the Greyhound betting by the BAGS in partnership with SIS. The new incorporation of a betting strategy will be played in desktops as well as mobile platforms.

BAGS has been for long led the line in the provision of about 30,000 greyhound races which emanate their base from at least 20 UK tracks in 2015. The fir joins hands with SIS in attempt to bring the most optimistic quality to their operators as they provide the most enticing and top class quality ever.

The main purpose of SIS will be the provision of picture forms and interactive data that will be readily available globally to all bookmakers via the SIS patented Stream streaming platform technology.

The chairman of SIS was happy to be behind the launching of a global British greyhound racing to all bettors on the planet that will have the opportunity to form a basis of interaction to all the products offered.

The greyhound racing is deemed to have a great impact not only to the racing itself but also to all participants. As an online business, it is claimed to bring in the validity, notoriety as well as appeal in the global market. This comes due to the fact that greyhound racing has already found a permanent base where it can incorporate all its entities with bookies such as 888 Sport, bet365 and William Hill Sports having the welcoming hand.

The growth is inevitable since both SIS and BAGS have incorporated a new form of technology that will be crucial in the functioning of the system. Live video streaming will be one service that would be accorded to the UK populace with the help of At The Races. This would in turn bring more patronage, betting activities as well as income. There will be several greyhound venues to be set up too.

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William Hill faces profit subside

William Hill faces profit subside

Most bookmakers are being faced by tough moments in the betting industry. William Hill has been struck by a total of £23 million total taxes in the Q3 of the year. The firm claims that this has been attributed to the absence of World Cup football as well as the incorporation of fresh betting levies by regulators.

The news comes after William Hill claimed that its total profits went down by 39pc for three months until September whereas its net income fell by 9pc. This resulted to a £23 million tax levied to the firm in the third quarter of the year.

William Hill added that it is facing antagonizing moments of the year as compared to this time of the year in 2014 when the firm enjoyed additional income that resulted from the football World Cup in Brazil. The company also added that the resultant tough rules on betting and its levies has attributed to their drastic profit fall with an increased tax payment.

The Chief Executive of William Hill James Henderson claimed that he believes all will be well and by the end of the current fiscal year, his firm would oversee a rise in its incomes. He continued to say that they expected the Q3 to be tougher enough since with no World Cup being played and the introduction of new regulations. The current quarter also faced a deprived outcome to various betting retail bases of William Hill with the US and Australia most notable. This led to a drastic decrease in shares by a whooping 7pc to record at 321.3p the lowest in the last 16 months.

Last April, the incorporation of the over £50 bet across all gaming machines commonly termed as fixed odds betting terminals was also a fundamental factor to the fall in the FTSE-250 company.

An analyst with Cenkos Simon French denoted that the less strong weak margin was the main reason as to why the performance was below par unlike many had anticipated. The consolidation wave that was experience in the betting industry played a bigger role in the income subsides by William Hill.

As this happens, William Hill main antagonist Ladbrokes and Coral are undertaking a strong association worth £2.3 billion whereas Bwin.party agreed to assimilate Sportingbet-owner GVC for £1.1 billion.

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Wlliam Hill thoughts on the changing market at EIG 2015

Wlliam Hill thoughts on the changing market at EIG 2015

With the radical change in the market, William Hill and other betting firms have the duty to take not on the current issues and try to adapt with them. Gareth Davis the chairman of Willian Hill had much to say on the changing market.

He claimed that it is not really the impacts of regulations to iGaming that have been an issue. More often than not many companies face scrutiny from other outside pressure but their loyal clients will always find their amusement from the products and services offered by these firms.

He continued to say that unlike most have viewed the initiation of Senet Group as a late move for any impact to be made, Davis claims that the new association provides a voice of the industry both politically and socially and hence the firm should receiver warmer welcome from the government, the clients themselves as well as other disbelievers. The firm will increase its membership as it will see its impact be evidenced by many with more betting providers coming in.

He continued to note that the reputation of management as far as corporate governance is concerned has been an upcoming issue. He added that many would not expect the corporate governance be in a position of reforming all these issues. Nonetheless, he assured that the inclusion of sound system that is highly constructed in a very high framework would ease the responsibility. He pointed out leadership and culture as the most important aspects in this case.

Under this category, William Hill has showcased its commitment in the responsive business with inclusion of behavioral analytic; a process which has identified clients at risks and accorded them with highly trained handlers to help them through.

Davis claimed that corporate reputation despite being an elongated subject can be measured through surveys as well as engagement studies to mention but a few. Its progress can be identified through the positive issues that the society receives in terms of community contribution as well as adequate service deliverance to its clients.

He concluded by saying that during the upcoming Industry Reputation at EIG 2015, he would ask all the delegates to feel proud being among the stakeholders in the industry and should walk out of the hall with a motive of showcasing to the local populace the benefits that emanate from the industry.

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Gary Harris is the new CEO of Favourit

Gary Harris is the new CEO of Favourit

Favourit the sport betting operator that has its base in Australia has made a change in its management and appointed a new Chief Executive Officer. The tenure has been awarded to Gary Harris. Before his appointment, the new Favourit boss was with Sportingbet Australia where he was the IT Director as well as a member of the Board between years 2004 and 2013.

During his time at Sportingbet, Harris was the man who propelled the firm in development of its technology as well as playing a huge role in the online turn over which went up from AU$10m (£4.5m) to AU$2.4bn (£1.1bn). It was this great success that in February 2013, William Hill Group saw potential in Sportingbet and decided to acquire the firm.

Before joining Sportingbet, Harris also had other responsibilities and this time he was the IT Director and a member of the Board of IASBet Limited. This company would later be taken over by Sportsbet. Currently, Sportsbet is an auxiliary of Paddy Power.

Talking about his new role as the CEO of Favourit, Harris claimed that he was pleased to be integrated in the Favourit team and hoped that together they would initiate the much needed development and accord its different users the anticipated products and services. He continued to praise brothers Toby and Josh who have come up with a worldwide as well as ascendible podium that has exhibited the best promise to its users in the current market.

This firm was initiated internationally back in November 2014 and from then it has continued to show great improvement when it comes to its internal conjecture on development. The current CEO of the firm as well as the co-founder Toby Simmons will now take up the role of the Commercial Director where he will be entitled to propelling the strengthen the marketing opportunity for Favourit.

Simmons claimed that he was pleased to announce the inclusion of Gary Haris to his firm and he believed in his skills and experience to bring more development of the firm globally. He added that his firm is now focused in proving to be game changers of bettors across the globe and he would oversee a bright future ahead. Harris would take up the role immediately.

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27 operator licenses awarded by Irish Legislature

27 operator licenses awarded by Irish Legislature

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

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