PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWMH.L Share News (WMH)

  • There is currently no data for WMH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Grand National sets record for UK online sports betting

Mon, 12th Apr 2021 17:30

(adds details in para four)

By Muvija M

April 12 (Reuters) - The Grand National was Britain's biggest ever online sports betting event as shop closures meant punters had to go online or use mobile apps to bet on one of the annual highlights of the horseracing calendar.

Entain, the owner of Ladbrokes, and rival William Hill separately told Reuters on Monday that the total takings were however lower than in previous years due to COVID-19 lockdowns.

Entain, which also owns the Coral brand, said more than 150,000 customers visited its websites every minute during the event, which took place on Saturday in front of empty stands after a pandemic-led cancellation in 2020.

Rachael Blackmore won on Minella Times at odds of 11-1, becoming the first female jockey to triumph in the race, which began in 1839.

"This year's Grand National event saw record-breaking betting volumes for our UK brands and huge customer excitement in line with the thrilling outcome," Dominic Grounsell, who heads Sports Brands at Entain, said on Monday.

Neither company can give specific figures but over 100 million pounds ($137.43 million) is estimated to have been bet on the race overall.

The event typically draws in bets from around 13 million people, roughly a third of adults in the UK, each year.

A compelling storyline should encourage some of those occasional gamblers to take a closer interest in the sport.

"The problem is that if we have a bad result we don't see the money coming back as for many it is their one bet of the year. This year was good and we did well considering we saw the first ever female winner," a William Hill spokesman said.

The expertise in online gambling and sports betting that the bookmakers have in Britain, which is amongst the first major countries to regulate the market, has attracted American suitors as the United States opens up to sports betting.

($1 = 0.7276 pounds) (Reporting by Muvija M in Bengaluru; Editing by Keith Weir and Ken Ferris)

More News
18 Jun 2020 13:55

Thursday broker round-up

(Sharecast News) - Carnival: Berenberg downgrades to sell with a target price of 800p.

Read more
18 Jun 2020 10:57

Canaccord downgrades William Hill to 'sell'

(Sharecast News) - Analysts at Canaccord Genuity downgraded bookmaker William Hill to 'sell' from 'hold' on Thursday, stating execution risks still remained despite the group's £224m placing "significantly" repairing its balance sheet.

Read more
18 Jun 2020 09:40

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Carnival To Sell

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Carnival To Sell

Read more
17 Jun 2020 14:28

LIVE MARKETS-In Q3 economy ready to jump-start without inflation

* European shares rise on hopes of more U.S. stimulus* Lufthansa shares jump after Thiele raises stake* SSE hits three-month high on upbeat annual profit* Online fashion group Boohoo surges on rosy forecast Welcome to the home for real-time coverage...

Read more
17 Jun 2020 12:49

LIVE MARKETS-Why negative interest rates are a bad idea

* European shares rise on hopes of more U.S. stimulus* Lufthansa shares jump after Thiele raises stake* SSE hits three-month high on upbeat annual profit* Online fashion group Boohoo surges on rosy forecast Welcome to the home for real-time coverage...

Read more
17 Jun 2020 11:21

LIVE MARKETS-STOXX earnings: An ever elusive V-shaped recovery

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

Read more
17 Jun 2020 10:51

UK WINNERS & LOSERS SUMMARY: Serco Surges As 2020 Guidance Reinstated

UK WINNERS & LOSERS SUMMARY: Serco Surges As 2020 Guidance Reinstated

Read more
17 Jun 2020 10:28

LIVE MARKETS-COVID-19 in MENA region hits oil services providers

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

Read more
17 Jun 2020 09:51

William Hill Raises GBP224 Million In Placing For Growth, Flexibility

William Hill Raises GBP224 Million In Placing For Growth, Flexibility

Read more
17 Jun 2020 08:50

LIVE MARKETS-Opening snapshot: in the black, strong results support

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

Read more
17 Jun 2020 08:09

William Hill raises £224m to boost balance sheet

(Sharecast News) - William Hill raised £224m in a discounted stock sale as it looked to bolster its balance sheet and cash in on the growing US market.

Read more
17 Jun 2020 07:50

LIVE MARKETS-On the radar: banks, Lufthansa, William Hill, Boohoo

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) i...

Read more
16 Jun 2020 17:21

William Hill announces placing as revenues improve

(Sharecast News) - Bookmaker William Hill announced a share placing on Tuesday to bolster its balance sheet, as it reported an improvement in group revenues.

Read more
15 Jun 2020 09:37

UK BROKER RATINGS SUMMARY: Credit Suisse Downgrades Diageo To Neutral

UK BROKER RATINGS SUMMARY: Credit Suisse Downgrades Diageo To Neutral

Read more
22 May 2020 13:37

Friday broker round-up

(Sharecast News) - Whitbread: RBC Capital Markets reiterates underperform with a target price of 2,350p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.