Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer Generates Record £1.4 billion Revenues for UK Bookies

Soccer yielded a record £1.4 billion ($1.8 billion) in revenues for UK bookmakers within the full year from October 2015 to September 2016, according to figures released this week by the united kingdom Gambling Commission.

Premier League soccer player Joey Barton was recently sanctioned by the FA for gambling violations but he says the British’s soccer body that is governing to ‘look at its own dependence’ on revenue from gambling companies.

That triggered all-time-high profits of £333.4 million ($432 million). The data comes as the sport and its regulating body into the UK, the FA, was accused of having too cozy a financial relationship with betting companies, who provide it with multiple millions in sponsorship deals.

Meanwhile, there have lately been several visible cases of soccer players succumbing to gambling addiction and the BBC has stated that gambling among players is widespread.

Most recently, Burnley midfielder Joey Barton admitted to bets that are placing 1,260 matches between 2006 and 2013, including at least five in which he was a player.

He had been fined and banned from the overall game for 18 months, and later fired by Burnley. Pro soccer players are prohibited from placing bets on their sport that is own of whether they have been straight associated with the games or not.

Elephant into the Locker Room

Barton, an outspoken social media user, has admitted he is a gambling addict a Leer más

Patriots Owner Robert Kraft Becomes Media Target in Casino Stock Ownership Investigation

New England Patriots owner Robert Kraft is the target of the new investigation published to sports news siteDeadspinthat claims the billionaire is in violation associated with National Football League’s (NFL) ownership policies due to his investment in a hedge investment.

New England Patriots owner Robert Kraft (seen here with President Donald Trump at an NFL game in 2012) is being accused by one reporter of violating the league’s ownership policy for holding interests in Caesars.

Kraft, worth a predicted $5.1 billion according toForbes, owns a stake that is smallby his standards) in Apollo Global Management (AGM). Per SEC filings, the Kraft Group CEO holds 267,240 shares of AGM, a publicly traded business, presently valued at around $7 million.

Since Apollo currently keeps a 30 % stake in Caesars Entertainment, since well as jobs in UK house that is betting and casino games manufacturer American Gaming Systems,Deadspinauthor Bart Hubbuch states Kraft is in violation associated with the NFL’s gambling policy. The League strictly forbids owners from directly purchasing casinos or gaming businesses.

On the Apollo site, the hedge fund says Kraft has been a director of its business since 2014. The billionaire is listed alongside nine other directors and officers that are executive.

‘Holding that position would seem to be a violation that is clear of NFL’s gambling policy. While the policy ena Leer más

Britain’s ‘Rich List’ Crowns Gambling Business’s Wealthiest Royalty

The latest edition of great britain’s ‘Rich List,’ published yearly by the Sunday occasions, shows the combined wealth of Britain’s gambling industry high rollers has exploded by very nearly 20 percent within the past 12 months.

Publicity shy multibillionaire brothers David and Simon Reuben, the third-richest individuals in Britain and 60th in the entire world, according towards the UK’s Sunday occasions ‘Rich List’ for 2017. They own Arena Racing business, which operates 15 of Britain’s racecourses.

The yearly index of the Her Majesty’s many moneyed subjects suggests that the five gambling industry billionaires and 15 multimillionaires who made this year’s list have actually seen their collective wealth grow by almost £3 billion ($3.88 billion) to £19 billion ($25 billion). In fact, all but two saw a growth in wealth, unlike Her Royal Highness Queen Elizabeth, who slipped out of the most notable 300 for the time that is first ( maybe not that she’s in any danger of eating nothing but porridge).

Topping the UK’s gaming tycoon set are brothers David and Simon Reuben, who saw their net worth rise by $900 million ($1.6 billion) to $14 billion ($18 billion) last year, making them the pair that is third-richest within their county. The notoriously personal brothers own Arena Racing Company, which operates 15 of Britain’s race songs.

Most of the brothers’ fortune was acquired perhaps not from their Leer más