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888sport (Gibraltar, owned by 888 Holdings); Bet365 (United Kingdom, owned by the Coates family); Betclic (France / Malta, owned by Stéphane Courbit and SBM); Betfair (United Kingdom, owned by Flutter)
In the United Kingdom, Ireland, [1] Australia and New Zealand, a betting shop is a shop away from a racecourse ("off-course") where one can legally place bets in person with a licensed bookmaker. Most shops are part of chains, including William Hill, Ladbrokes, or Coral. In Australia and New Zealand, they are operated by totalisator agencies.
Coral is a chain of betting shops in the United Kingdom, owned by Entain. The Coral business was established by Joe Coral in 1926. It grew into an entertainment conglomerate before undergoing a series of ownership changes starting in 1981. As of 2015, Coral had 1,845 shops across the country. [1]
The combination of the two companies created Britain's biggest bookmaker, with over 4,000 betting shops and 30,000 employees. [51] In July 2016, the Competition and Markets Authority identified 642 areas where the merger would harm local competition, and said 350 to 400 shops would need to be sold off for the merger to be approved. [52]
Paddy Power was founded in 1988 by a merger of the forty shops of three Irish bookmakers: Stewart Kenny, David Power, and John Corcoran. [1] Stewart Kenny and Vincent O'Reilly had sold Kenny O'Reilly Bookmakers to Coral in 1986, and then opened ten shops of their own by 1988; Kenny was group CEO from 1988 to 2002, and chairman from 2002 to 2003 ...
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The business borrowed £15 million from RBS against the family's betting shop estate. In 2005, these shops were sold to Coral for £40 million, which allowed Coates to pay off the loan to RBS. As of 2016, Bet365 is one of the world's largest online gambling companies, with $2 billion in revenues and facilitating $45 billion in yearly bets.
In 2001, after selling some of their father's betting shops to large bookmaker Coral, his sister convinced him to join her in launching bet365. Bet365 John ...
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