Sport is made for betting

William Hill - soon to channel all online business through Gibraltar Ladbrokes - soon to channel all online business through Gibraltar BetFred - online business goes through Gibraltar Stan James - all business goes through Gibraltar Victor Chandler - all business goes through Gibraltar Paddy Power - online business goes through the Isle of Man Boylesports - online business goes through the Isle of Man Blue Square - all business goes through Alderney Sportingbet - all business goes through Alderney SkyBet - all business goes through Alderney Betfair - all non-UK and non-exchange business goes through Malta Jennings - online business goes through Malta Totesport - have no choice, they are an organization created by the UK government Bet365 - online sports betting is licensed in the UK, other products through Malta If I have any of these wrong, please feel free to contact me and clarify. So the headlines are deservedly hard on Hills and Ladbrokes, but they're not Robinson Crusoe in th...

That can't be good to hear when you've pumped £5 billion into a business. "Gala Coral was formed by a merger between Gala and Coral Eurobet in 2005, but its component parts have been through a series of private equity owners in the past decade. The company has £4.4 billion of debt, including shareholder loans of £1.6 billion, but is operating within its banking covenants." "Gala Coral, which employs 19,000 people and operates 1,566 Coral betting shops, 165 bingo halls and 31 casinos, has struggled since the double whammy in 2007 of the smoking ban and the scrapping of lucrative high-payout gaming machines." Read the Times article here . The betting shop real estate is probably the most valuable thing in the portfolio so it's not as if the bookie itself will go bust. If push came to shove, someone would buy it. But when a corporation is over four billion pounds in debt, things can go pear-shaped very quickly...