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Post by Deleted on May 9, 2019 19:05:59 GMT
Whenever and where-ever this saga is eventually brought to a conclusion, it could well mean a change in the SIS business Model being as the current SIS business model just does not appear to be sustainable in its current format!
Without any added form of income via future contracts, this could almost certainly mean a reduction in greyhound race prize monies, and this for them just to survive! Something surely has to give!
Whether this would be by Track reduction of the team under their umbrella, or by drastic cuts to individual race monies would be at this time nothing but pure conjecture, but the warning signs have surely been posted!
Worrying times for all in the greyhound industry - we can only watch, wait, and hope for the best while they battle this one out!
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Post by BVADMIN on May 10, 2019 11:40:59 GMT
SIS DEAL FOR GREYHOUNDS INTO CENTRAL AND SOUTH AMERICA... GREYHOUND STAR — MAY 10, 2019Within hours of the announcement of the result of their court case with ARC, SIS announcement a significant new deal to supply UK and Irish greyhound racing to Central and South America.
The deal with Mexico based Hipodromo De Agua Caliente, will see 53 meetings per week broadcast via Mexico to Honduras, Brazil, Argentina, Ecuador, Paraguay, Peru, Uruguay, Panama & Venezuela, as well as territories within the Caribbean
Sandra McWilliams, Sales Director at SIS, added: “Delivering our content to one of the leading operators in Central and South America and the Caribbean, underpins our status as the leading supplier of racing content, and we’re thrilled to be partnering with Caliente.
“The SIS Spanish Channel provides Spanish (and Spanish-speaking) retail operators with a high-quality live pictures service, with the accompanying data and Spanish graphics, which is sure to help drive betting revenues.”
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Post by BVADMIN on May 23, 2019 23:31:12 GMT
DERBY SOLD TO ALL TRP CONTRACTED SHOPS
On the eve of the Star Sport/ARC/LPS Derby first round, ARC have confirmed that the event is to be screened to its entire TRP customer base, ie the betting shops of Ladbrokes Coral, William Hill, Betfred, Paddy Power and the independent bookies.
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Post by BVADMIN on Jul 4, 2019 14:33:47 GMT
William Hill set to close around 700 betting shops with 4,500 staff affected.. William Hill are set to close around 700 betting shops William Hill are to shut around 700 betting shops in the first major round of closures since the cut in the maximum stake on FOBTs to £2 came into force on April 1.
Consultation with staff has begun with 4,500 staff members affected, with shop closures set to start before the end of the year.
The shockwaves caused by the decision will hit racing in both Britain and Ireland with each betting shop paying around £30,000 per annum for the right to broadcast live sport, meaning a loss of up to £21 million in revenue for media rights holders, including racing.
A statement on Thursday morning from the bookmaker said: "William Hill has entered into a consultation process with retail colleagues over plans to close around 700 licensed betting offices.
"This follows the government’s decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019. Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the government’s decision was announced in May 2018.
"A large number of redundancies is anticipated with 4,500 colleagues at risk. The group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support to all colleagues throughout the process. Subject to the outcome of the consultation process, shop closures are likely to begin before the end of the year."
William Hill had previously given guidance that up to 900 of their betting shops could be at risk of closure because of the government's crackdown on FOBTs, a figure reiterated by chairman Roger Devlin at the Racehorse Owners Association annual lunch this week.
According to Gambling Commission statistics William Hill had 2,277 betting shops at the end of September last year.
Betting shop workers union Community described the news as "devastating". Operations director Tom Blenkinsop said: "We will be advising our members through the consultation process.
"William Hill should immediately engage with Community, so that their staff get additional support and advice during the consultation and all measures can be taken to minimise redundancies and find alternatives.
"The government also has a role to play and must look at what support they can offer to workers whose jobs are threatened as a consequence of changes to the law around FOBTs.
"Betting shops provide an important source of local employment and many of our members have served the company loyally for years. Workers don't deserve to be the victims of the changes happening in the industry as a result of either government policy or the significant shift towards online gambling."
GVC Holdings, the parent company of Ladbrokes Coral, has previously said that up to 1,000 of its betting shops were at risk of closure, while Betfred have said 400 to 500 of their retail estate could close.
British racing has estimated it could lose £40-60m in media rights income from betting shop closures. However, earlier this year Arena Racing Company's decision to pre-empt the impact of its expected loss of income by cutting prize-money led to conflict with horsemen, with boycotts organised at some Arc fixtures until a compromise was found.
Loss of media rights income comes at the same time as the sport has been hit by a shock reduction in levy income of £17m.
William Hill's share price was up by 0.05p at 163.75p late on Thursday morning.....
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Post by SALFORD GIRL on Jul 4, 2019 14:59:03 GMT
It won't end here..
You can't bet your life the likes of Ladbrokes, Coral and BETFRED will all follow suit.
The High Street Betting Industry is set for massive changes....
SADLY TIMES ARE A CHANGING BIG STYLE.......
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Post by Vegas on Jul 4, 2019 16:54:12 GMT
William hill has the wrong business model (that was reliant on the FOBT) only offer 2x odds on lucky 15s, no offers over the counter at all. They have been opening shops as mini arcades for the last 10/12 years.
Lads have done the same but lost a lot of shop through the merge with Coral. So they will lose shops but not as many.
Paddy’s don’t have many and have a good OTC business model. Betfred probs in the best position of all, Have shops that are machine revenue based but it’s a good Business model otc shouldn’t be more than 100-150 at guess. Hopefully less.
Hills was always going to be the biggest hit on the high street due to the fact they’ve made no effort to compete for years (Racing & Sports)
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Post by Deleted on Jul 4, 2019 17:12:21 GMT
Bear in mind that most of these upheaval costs have already been built in from when they began their overseas ventures over 18 months ago. Big business is never daft, which is why unless they suffer sudden demise from unforseen circumstances - they almost always ALL survive!
Their American ventures are now seen to be paying off - slowly but surely and with this allied to more online exposure in the UK betting market, once the dust has settled it will be pretty much business as usual - for them, but not, unfortunately, the staff that will lose their jobs.
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Post by mickeymarsh on Jul 4, 2019 17:55:55 GMT
Way to many betting shops on line is the way forward.
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Post by johncox on Jul 4, 2019 18:19:06 GMT
william hill one of the few joint`s that screen bv dog`s, will it have a knock on effect ...
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Post by Deleted on Jul 4, 2019 18:22:24 GMT
the worry will be what course of action will trp and sis take to recoup the loss of yearly subscriptions from these betting shop closures , which I believe are £16 thousand sis and £14 thousand trp per shop
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