Number Crunching - DCMS Review, Paddy Power Betfair and Fred Done

Number Crunching - DCMS Review, Paddy Power Betfair and Fred Done

Wednesday, November 1, 2017 Posted by Michael Lawson
Breaking down all the week's news into a set of easy to manage figures

£2 - What the maximum stake on fixed odds betting terminals (FOBTs) may drop to in the UK, following a government review carried out by the Department for Digital, Culture, Media and Sport (DCMS). Currently sitting at £100, critics have argued that this figure is too high and disproportionately affects the vulnerable. The new highest stake will be decided by the government after a 12-week consultation period, and will be between £2 and £50.

£577 million - The yearly loss this new ruling could have on the betting industry if stakes are lowered to £2, according to the government-published Regulatory Impact Assessment. It’s now a case of playing the waiting game, with Gambling minister Tracey Crouch highlighting the importance of ‘striking the right balance between socially responsible growth and protecting the most vulnerable, including children, from gambling-related harm.’

9% - The increase in group revenues reported by Paddy Power Betfair Plc (PPB) in its Q3 2017 trading update, up to £440 million from £404 million for the same period of last year. The FTSE 100 betting group was boosted by strong online and retail divisions, and the growth occurred despite competing against a tough comparative period that featured UEFA Euro 2016.

50 - Betfred founder Fred Done celebrates his 50th year in business, first opening a betting store entitled Done Bookmakers in Pendlebury, Salford back in 1967 with his brother Peter. That store would evolve into a British betting industry giant, today operating 1700 betting shops and employing over 11,000 staff members nationwide.

€640.45 million - The record turnover figure recorded by German Bundesliga giants Bayern Munich for the 2016-17 season. The financial prosperity came despite mixed success on the pitch, with Bayern recording a fifth successive Bundesliga victory but falling short in both the UEFA Champions League and DFB Pokal.

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