Archive | Sports Betting

BetFred-owned Chelmsford racecourse to become UK’s first racino

BetFred is planning to open Britain’s first racino at Chelmsford City Racecourse. The British bookmaker’s plans received a major boost when the local council granted the plan their approval. The ‘racino’ is but one part on an ambitious plan for a five-storey grand stand at Chelmsford. The facility will also house a fitness complex, a […]

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William Hill ends year weak, issues fresh profit warning

With a weak December rounding out a disappointing year, William Hill has posted lower-than-expected profits for 2016. In part, the UK bookmaker has blamed the shortfall on a disappointing string of racing and football results towards the year’s end. Besides blaming said financial disappointment on the good fortune of bettors, Hills has issued its third […]

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Betfred completes refinancing for purchase of Ladbrokes/Coral shops

British bookmaker Betfred has finalised a £195 million refinancing package which will enable the firm to buy almost 400 high-street betting shops from Ladbrokes and Gala Coral. Insider Media reported that the senior debt package has been provided by Barclays, Llords Bank, RBs and Yorkshire Bank. KPMG Debt Advisory is involved in an advisory capacity. […]

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The Football Pools brand sold by Sportech

The Football Pools, which is the United Kingdom’s oldest football pool betting firm, has been sold off by its parent company, Sportech PLC, which is a gambling operator based in the UK. The Football Pools will be sold to a company that manages venture capital funds, called Burlywood Capital LLP. While there are still some […]

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Image of Joe Hart MAnchester City Goalie

England Goalkeeper Joe Hart to Leave Manchester City

Sky Sports sources have reported that England and Manchester City goalkeeper Joe Hart is set to leave Manchester City this summer. Reports say manager Pep Guardiola left him on the bench for their 2-1 Premier League victory last Saturday at Sunderland, prompting that he does not figure in Guardiola’s immediate plans. Hart, who spent more […]

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