Number Crunching - French elections, SPFL and the UKGC

Number Crunching - French elections, SPFL and the UKGC

Wednesday, May 3, 2017
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days

£22 million - The staggering amount of money taken by Betfair on its ‘France 2017’ market. It’s the market on the French general election and it has broken all of the operator’s previous records for a European political market. In addition, Betfair Politics announced they’ve taken £8 million since the first round of voting on the 23 April. Emmanuel Macron is huge favourite, now trading at 1/9 to win. Marie le Pen is now trading at 9/1.

£300,000 - The penalty imposed by the UKGC on igaming operator BGO Entertainment Limited. The operator was fined for misleading advertising on its own portal and three affiliate partner websites. It issued a wider warning to industry stakeholders that it will not tolerate advertising ‘falling foul of social responsibility rules or deceiving customers’.

23% - The rise in underlying group revenues reported by Paddy Power Betfair Plc in its Q1 2017 trading update. It declared revenue of £416 million, up from £339 million in 2016. The firm’s strong performance was part attributed to favourable results at Cheltenham as well as a decline in the value of sterling during the period. Additionally, PPB reported underlying EBITDA of £111 million which nearly doubled the earnings results of £58 million last year.

£100 million - William Hill’s predicted global betting industry turnover for the Joshua v Klitschko fight that took place on the weekend. Joshua won the fight after a gruelling eleven rounds and bold predictions suggest he may go on to earn more money than Floyd Mayweather. The Watford-based superstar took the fight by knockout, in a result that was likely to have stung bookmakers. With £20 million taken in the UK alone, it’s likely that most will have backed home-favourite Joshua.

£2 million - The amount of money paid by Ladbrokes Coral per year to sponsor the Scottish Professional League. Ladbrokes will continue to be the title sponsor after it announced that it will extend the sponsorship of all Scottish professional football divisions. Ladbrokes has been the lead sponsor since 2015.

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