Skip to main content

industry update

Ok, plenty been happening lately, here's some of the news in brief.


Betfair - have announced the new CEO, Breon Corcoran from Paddy Power, will take over in August 2012 after a lengthy stint of enforced gardening. The company still need to find a new Chairman with Ed Wray intending to stand down. Last week, Chief Commercial Officer Niall Wass announced he was leaving the firm after missing out on the CEO job. He's off to an even bigger money-grubber firm in the short-term loaners Wonga. No great loss there, he has been high up the company through a lot of their woes. It is expected that Corcoran will bring in several people to take key posts. Andrew Black sold off around £1.5m of shares, apparently for a new tech firm investment he's involved with. It's not as if he's cashing out just out yet, his stake in Betfair is still valued at around £75m.

Denmark and Spain are ready to open up for licensing, with several international firms lining up to apply. Meanwhile in Greece, why would you bother when the economy is such a basket case? In France, the government have achieved their objective of expanding the business of the local former monopolies at the same time as pissing off all the foreign firms who are rightfully pissed off at the ridiculous taxation regime in place. Similarly, other firms who haven't restricted French customers and aren't blocked are enjoying additional business as the French punters who get wise about the ridiculous margins forced upon locally-licensed operators force them to be uncompetitive. Unibet will be handing in their French licence and cashing in on the marketing expenditure of EurosportBet whose owners they have just purchased. Why waste money on advertising heavily, when you can get someone else to do it for you, then only pay €5m for the firm? Sounds like smart business to me....

In Australia, the hopes of anyone getting any money back from SportsAlive are very slim. The appeal decision in the race fields legislation case between Racing NSW and Sportsbet & Betfair is getting closer, and the national racing industry might finally be able to set a consistent policy nationwide in relation to betting operators. Sportingbet management have taken over at Centrebet with mass redundancies being made.

And in the States, they're still bumbling around trying to get sports betting legalised. I reckon I'll have grandkids first....


Sorry about the quiet period folks, have been off on paternity leave :)

Comments

  1. Thanks for the updates Scott, and congratulations on your new arrival!

    Hope all going well.
    Sam

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …