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The standard-bearing Great Britain market continues to perform robustly and edify the viability and strength of the industry overall. Benchmark Growth The latest good news comes in the form of over one and a quarter gross gambling yield pounds Q4 figure. Market Totals Growth of 5% year-on-year for the GB gambling market was reflected in the total online gross gambling yield (GGY) of £1.30bn (€1.51bn/$1.62bn), with land-based performance getting stronger as well. Q4 Period Defined These results were included in the UK Gambling Commission’s most recent performance update covering January, February and March 2023, punctuated by the Cheltenham Festival horse racing event. Drivers of iGaming Growth The Commission credited real event betting and slots as the vertical driving growth in the GB market. Other visible increases included rises in total number of bets and spins and active monthly accounts. Online Betting Supports Growth in online betting topped out at Online real event betting was up year-on-year to £555m (nearly 13%). The number of bets was up 19% from Q4 2022, and average monthly active accounts were up 9%. Key Sustainers of Activity The Cheltenham Festival and player retention from the late FIFA World Cup 2022 were credited with driving the betting and account activity growth. Slots Growth Slots were also a solid GGY contributor, growing 2% year-on-year to £525m. Slots vertical growth was driven according to the Commission by a 9% jump in the number of spins to 19.5 billion and a 15% hike in average monthly active accounts to reach 3.9 million. Declines and Stable As for additional verticals, online casino GGY actually dropped 4% to £153m, and virtual betting declined 3% to £12m. Online poker also showed a shortfall, declining 7% to £18m. In the meantime, esports betting held steady at £2m for the second consecutive year. Land-based Totals In the land-based sector, total GGY rose 6% year-on-year to £585m. Drivers of Land-Based Growth Gaming machine GGY rose 5% to £292m, driven by average spend per session (total £12.26). The average number of spins per machine session rose to 131 spins, with 3% of all machine sessions lasting over one hour. Self-Service Contribution The use of self-service betting terminals drove GB’s land-based sector, growing by 28% to £125m. This was supplemented by a healthy 28% rise in number of bets placed on self-service terminals, to 37 million. Land-based Shortfalls Shortfalls in the land-based sector were turned in by over-the-country GGY, down 5% to £167m, and the number of bets falling 4% to 138 million. Outlook The Commission report indicates that the world’s largest iGaming market continues to take shape, bringing growth in the land-based sector along with it.
The GB Gambling Commission has instructed Videoslots to pay £2 million due to their failure to adhere to social responsibility and anti-money laundering measures. The Commission discovered these regulatory breaches during an investigation that took place from October 2019 to February 2022. Videoslots, who manage Videoslots.com, Videoslots.co.uk, and Mrvegas.com, have agreed to the terms of the settlement with the regulator. The Commission's findings identified several shortcomings in terms of social responsibility. Videoslots failed to identify customers displaying risk behaviours and potential harm, as responsible gambling reviews were not conducted promptly or thoroughly. Additionally, the operator neglected to assess whether the amounts being deposited or lost by customers were appropriate, allowing individuals showing signs of harm to continue gambling significant sums. AML failures were also noted, as Videoslots did not effectively implement its risk-based processes, leading to delays in necessary actions. Customer due diligence was not carried out as intended, and the operator needed more AML analysts to process data and conduct account reviews. Specific breaches outlined by the Commission include violating licence condition 12.1.1(3), which requires licensees to ensure the implementation and regular review of policies, procedures, and controls. Videoslots admitted breaching this licence condition between March 2021 and April 2022. Failures in risk-based processes and customer due diligence were observed during this period, allowing a player to deposit £112,225 without appropriate actions being taken. Videoslots was found to have failed to comply with the SRCP 3.4.1 Customer Interaction requirements regarding social responsibility. This means they did not interact with users to minimize gambling harm, including identifying and engaging with at-risk players. Videoslots has acknowledged its non-compliance with SRCP 3.4.1 between October 2019 and October 2022. To rectify the situation, Videoslots needed to identify customers displaying risk behaviours, use restrictive measures promptly, and assess the appropriateness of deposit and loss amounts. While Videoslots has taken steps to address the issue and cooperated with the investigation, the GB Gambling Commission has imposed a financial settlement due to the severity of the failures. The settlement includes a £1.5 million payment directed towards socially responsible causes, a divestment of £494,842, and £11,308 to cover investigation costs.
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World Pool, the renowned global horse racing pool developed and managed by the HKJC, delivered unprecedented value to customers worldwide during the Royal Ascot event. The Tote+ Win emerged victorious against the SP in an impressive 83% of the 35 races held throughout the five-day meeting. The highlight of Saturday's races, the Queen Elizabeth II Jubilee Stakes, made history by generating a record-breaking turnover for a single race in the World Pool. Bettors poured HK$66.2 million (£6.6m) into the pool, surpassing the previous HK$66.1 million set during the 2022 Derby. The Commonwealth Cup on Friday and the Ribblesdale Stakes on Thursday also experienced substantial pool turnovers of HK$50.5 million (£5.1m) each. Saturday's total turnover reached an impressive HK$323.4 million (£32.5m), securing the third-highest World Pool day of all time, following last year's Friday (HK$351.8m) and Saturday (HK$340.9m) at Royal Ascot 2022. Royal Ascot 2023 witnessed a total World Pool turnover of HK$1.5 billion (£154m), a mere fraction below the previous year's total of HK$1.6 billion, which marked a notable 35% increase from 2021. Exceptional value was a hallmark of the Tote for customers at Royal Ascot. The collaboration of global Totes, attracting bettors from 28 countries, led to enormous liquidity and excellent value for racing enthusiasts. The Tote offered an array of exceptional benefits throughout the 35 races: Tote+ Win outperformed the SP in 29 of the 35 races while matching it in the remaining six races with Tote Guarantee in place online. Tote+ Win overround stood at 106% compared to the SP overround of 125%. Tote+ Exacta surpassed the Forecast (1-2) in 32 out of 35 races, delivering an average payout 85% higher. Tote+ Trifecta outperformed the Tricast (1-2-3) in 29 out of 32 races, offering an average payout of more than double the Tricast. Furthermore, World Pool introduced the "Moment of the Day" prize at Royal Ascot, rewarding winning grooms with a total of £20,000. Each winning groom received £4,000 for their exceptional performance, up from £1,000 in 2022. Additionally, they had the chance to compete for the prestigious "Moment of the Year" award, with the possibility of winning a VIP trip to Hong Kong in 2024. The winning grooms for each day of Royal Ascot were Sydney Cale, Viktor Konya, Jack Abbey, Page Harrison, and Babu Singh. In a significant development, the HKJC announced the renewal of its five-year World Pool partnership agreement with Ascot Racecourse, solidifying their commitment to promoting racing as a global sport. The partnership, initiated in 2019 with the UK Tote, will extend from July 1, 2023, until 2028. This followed the UK Tote signing an exclusive five-year agreement with the HKJC at the beginning of the week, making them the sole partner for World Pool in the UK and Ireland. Winfried Engelbrecht-Bresges, CEO of the Hong Kong Jockey Club, expressed his satisfaction with the exceptional racing at Royal Ascot and the progress achieved with World Pool partnerships worldwide. He emphasized the enthusiasm shown by international racing fans and the success of international collaboration in delivering top-quality racing. Michael Fitzsimons, Executive Director of Wagering Products at the Hong Kong Jockey Club, said: Royal Ascot delivered an unforgettable five days of world-class sport for racing fans worldwide, and we are delighted with the turnover figures and clear value proposition that World Pool has offered. Thursday will live long in the memory with Their Majesties, The King and The Queen, enjoying their first Royal Ascot winner and our World Pool ambassador Frankie Dettori winning the Gold Cup in his final ride in the race. Alastair Warwick, CEO of Ascot Racecourse, celebrated the record-breaking turnover in the Queen Elizabeth II Jubilee Stakes and praised the impact of overseas challengers. He thanked the HKJC for their representation at Ascot and dedication to delivering an exceptional racing experience. Alex Frost, CEO of the UK Tote Group, hailed the incredible racing at Royal Ascot and emphasized the exceptional value provided by the Tote. He noted the doubling of UK digital volumes in the pool, demonstrating the recognition of the Tote's unmatched value by racing fans. Frost thanked the HKJC for their leadership in World Pool and affirmed their commitment to growing the pool betting experience. Royal Ascot 2023 concluded as a truly magnificent event, marked by exceptional achievements, record-breaking turnover, and unbeatable value for bettors. The collaboration between the HKJC, Ascot Racecourse, and the UK Tote promises a bright future for the growth and development of World Pool in the years to come.
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Betfred demonstrated its commitment to supporting a worthy cause by donating £84,000 to Prostate Cancer UK, a charity focused on men's health. The generous contribution resulted from specific achievements during the British Masters golf tournament.During the tournament, Betfred pledged to donate £50,000 to Prostate Cancer UK for any hole-in-one achieved at the fourteenth hole of the Brabazon Golf Course. English professional golfer Matthew Baldwin accomplished this feat, leading to a significant donation. In addition, Betfred committed to donating £500 to the charity for every hole completed in two strokes under par or better. Furthermore, the company contributed an additional £500 for each drive to the green on the tenth hole. The total donation of £84,000 reflects Betfred's dedication to providing financial support and raising awareness about prostate cancer. Owner Fred Done emphasized the importance of promoting awareness and encouraging individuals to undergo regular check-ups for early detection. Betfred has been making strides in strengthening its partnerships within the gaming industry. In March, the bookmaker announced an expanded collaboration with gaming provider Playtech. This multi-year extension deal resulted in more of Playtech's betting terminals being placed in Betfred's retail spaces. Furthermore, the partnership included introducing horse and dog racing features on the machines, providing an enhanced gaming experience for customers. Mark Stebbings, the group chief operating officer at Betfred, highlighted the significance of their ongoing relationship with Playtech and emphasized the growing importance of betting terminals as a vital component of their retail offering. Betfred's recent donation to Prostate Cancer UK showcases its commitment to positively impacting society. By supporting charitable causes and fostering strategic partnerships, Betfred continues to solidify its position as a responsible and socially conscious bookmaker in the industry.
Bet365 has secured an extended partnership with the Ultimate Fighting Championship (UFC), reinforcing its role as the official sportsbook partner for the UK and Ireland. The agreement will now expand to cover additional European regions, such as Denmark, Germany, Spain, and Italy, further bolstering the collaboration between the two entities. As part of the expanded deal, Bet365 users will have access to a range of new features through the collaboration with IMG Arena, an official UFC partner. This includes the integration of the UFC's official data feed and in-screen live streaming of UFC fights on the Bet365 app and website. This enhanced viewing experience will provide fans with real-time updates and the opportunity to watch the action unfold as they place their bets. One of the notable additions is the introduction of the "Bet Builder" feature, allowing Bet365 users to create customized bets. With this innovative tool, players can combine multiple markets for the same bout into a single bet, providing a more personalized betting experience. Furthermore, Bet365 will continue to offer the exclusive "One on One" dedicated UFC show on its official YouTube channel. This show will deliver exclusive previews, in-depth analysis, and demonstrations of mixed martial arts (MMA) techniques, offering fans valuable insights into the world of UFC. A spokesperson from Bet365 expressed their excitement about the extended partnership and the upcoming enhancements to the UFC betting experience. The spokesperson highlighted the introduction of the Bet Builder feature and the live streaming of UFC events within the app, providing customers with an immersive and engaging platform to enjoy the sport. Nicholas Smith, UFC's vice president of global partnerships, also expressed enthusiasm for the continued collaboration with Bet365. Smith praised Bet365's commitment to MMA's growth through their bespoke and educational content. He emphasized the shared vision of innovation and delivering exceptional experiences to fans and customers, expressing confidence in the partnership's future expansion and development. The extended partnership between Bet365 and UFC signifies the mutual commitment to provide fans with enhanced betting options and immersive viewing experiences. As both entities continue to prioritize innovation and customer satisfaction, this collaboration is set to elevate the UFC betting experience to new heights.
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The GB Gambling Commission has taken decisive action against Star Racing Limited, imposing a fine of £594,000 as a consequence of serious AML and social responsibility failings. The company, which operates under the trading name Star Sports, will also receive an official warning from the Commission and face additional conditions imposed on its license. During the period from March 2020 to May 2021, Star Racing exhibited several AML shortcomings, including inadequate policies, procedures, and controls. The company allowed customers to make large deposits without obtaining a sufficient source of funds information and failed to analyze the data obtained appropriately. These failures raise concerns about the effectiveness of Star Racing's AML measures.Furthermore, the Commission found that Star Racing demonstrated a lack of understanding regarding the impact and effectiveness of customer interactions in terms of minimizing the risks associated with gambling, indicating social responsibility failures. These shortcomings undermine the importance of responsible gambling practices and customer protection. This particular case involves breaches of Paragraphs 2 and 3 of Licence Condition 12.1.1, which pertain to anti-money laundering efforts, and Licence Condition 12.1.2, which mandates that foreign-based operators follow the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Star Racing was also found to have violated the Social Responsibility Code Provision (SRCP) 3.4.1, which mandates that licensees interact with customers to reduce the likelihood of harm related to gambling. In accordance with the Gambling Commission's licensing, compliance, and enforcement policy statement, the regulatory body determined the appropriate penalty and warning. As part of the additional licensing conditions, Star Racing will be required to conduct risk-based due diligence on third-party transactions to ensure compliance with AML regulations and enhance customer protection measures.The fine and imposed conditions send a clear message to operators in the gambling industry, emphasizing the importance of robust AML procedures and effective social responsibility practices. The Gambling Commission remains committed to ensuring the sector's integrity and safeguarding consumers from potential harm associated with gambling activities.
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