Tag: bookmakers

Bookmakers Will Donate Profits From Britannia S. to Charity

Several bookmakers will donate their profits from the Britannia S. at Royal Ascot to various charities for the second year in a row. The following Betting and Gaming Council Members have all signed on:

  • Flutter, which included Paddy Power, Betfair & Sky Bet
  • bet365
  • Entain which is Ladbrokes and Coral
  • William Hill
  • Kindred (Unibet)
  • BetVictor
  • Betway
  • Rank Group (Grosvenor Sport)
  • the Tote
  • Fitzdares

In 2020, £250,000 was raised. This year the chartities that stand to benefit are: Prostate Cancer UK, Marie Curie, Care Radio and the three Armed Forces charities. In addition, the operators have agreed to make a donation to the charities even if they do not profit from the race.

Michael Dugher, chief executive of the BGC, said, “I am absolutely delighted that the BGC's largest members are once again leading this fantastic initiative, which will raise vital funds for some of the country's top charities.

“Racing is a sport that has the power to bring people together, and Royal Ascot is one of the great highlights of the calendar. Millions of people enjoy a flutter, and I'm proud that betting companies will donate their profits from one of Royal Ascot's top races to go towards some brilliant causes that will help so many people from across the country.”

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Ladbrokes, Coral Quit Betting Ring

Ladbrokes and Coral will no longer have a presence in racecourse betting rings after their parent company GVC announced it will cease operation of all of its 106 racecourse betting pitches, which have been sold to John Hooper.

“This decision has not been taken lightly, and we are very sad to be calling time on Ladbrokes and Coral’s longstanding presence in the racecourse betting ring,” said GVC’s Trading Director Tom Ritzema. “GVC remains totally committed to horse racing, with a significant race sponsorship portfolio under the Ladbrokes and Coral brands, and we are the biggest single provider of betting revenues to the sport.”

“A number of factors combined to lead us to conclude that a presence in the racecourse betting ring is no longer a strategic imperative for our two UK brands,” Ritzema continued. “The volume of business taken through the racecourse pitches is minuscule, compared to the volumes generated in our off-course retail and digital businesses, and we no longer use the operation to hedge into the racecourse betting ring. As the racecourse operation is loss-making and no longer has a strategic purpose, we have regrettably reached the decision to sell our pitches and leave the ring. The current situation with Covid-19, and racing behind closed doors, expedited the decision but was not one of the factors behind it.

“Standing in the betting ring will always be a huge part of both Ladbrokes and Coral heritage and history, and we are immensely proud of that. However, the betting landscape has changed immeasurably in recent years, and we need to change with it. We would like to wish John Hooper the best of fortune with our pitches, going forward.”

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