Menu
Finance

Premier League Clubs Face Loss Of $152M From U.K. Gambling Crackdown

Premier League clubs face the loss of up to £90M ($152M) of income "because of a clampdown by the gambling regulator on online betting operators that use the league’s international popularity to promote their websites to Asian audiences," according to Roger Blitz of the FINANCIAL TIMES. Arsenal, Chelsea, Liverpool and Everton are among a number of top clubs "that have sponsorship deals with online operators that take very few bets from UK customers but benefit from the Premier League’s popularity in Asian betting markets." One such company is Dafabet, which sponsors Aston Villa’s shirts. Others, such as SBOBet, 188 Bet and 138.com, "pay clubs for perimeter advertising at home matches, but often in Asian languages, in order to win business from people watching overseas." However, this type of deal "is at risk" after the Gambling Commission ruled that from August it would grant U.K. licenses only to operators that are “a British facing business and either currently transact with British consumers or have a clear business plan for doing so.” The new rules are being implemented because the U.K. "is changing how online gambling is regulated, shifting the focus from where gambling is supplied to where it happens." Among the aims "are protecting players and guarding against illegal betting" (FT, 5/6).

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2014/05/07/Finance/EPL-Gambling.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2014/05/07/Finance/EPL-Gambling.aspx

CLOSE