Playtech has climbed one spot moving into the number 3 position on our list for Only a few vendors dominate the global mobile gambling marketwhere some operate only in specific gambling activities such as casino and lottery, while the lonxon operate in all fields related to gambling in addition to retail betting.
They made hundreds of millions from the online gambling industry. Some face criminal charges in the US; others secured their fortunes from a year betting boom and moved on. Most, if not all, are considered pioneers and every one of them is very, very wealthy.
As Britain's online gambling market reaches saturation point, these innovators are now looking for new markets abroad. And, despite a gloomy economic outlook, they have high hopes for In the fourth part gambling company london our series, Gambling company london Independent on Sunday profiles some of the main players oscars gambling odds capitalised on the growth of a gambling nation.
Known as the "gentleman bookmaker", Victor Chandler is a pioneer of offshore bookmaking and online gambling, especially casinos and poker. He took over his father's betting business in In the early s, Chandler began to accept football wagers from far-eastern clients. Recognising the potential growth in foreign markets, he opened up an office in Antigua to enable these casino in miss vicksburg to bet without the need to pay UK tax.
Chandler now employs more than people and is the largest private employer on the island. After Company london Osborne proposed in last year's Budget to tax betting firms at the point of consumption, the company dismissed a return company london the UK. Peter Coates, his son John and daughter Denise have turned Bet into one of Britain's most successful companies. The company was founded in a Stoke Portakabin inthe year after Peter became majority shareholder of Stoke City football club where the year-old is chairman.
Denise developed a sports betting platform and trading team to launch the business online in March Bet, which continues to be based in Stoke, is now bigger than William Hill and Gambling online businesses put together. As well as traditional betting, its poker and bingo revenues have also rocketed. Speaking on radio last week, Peter Coates said the UK's gambling regulations should be mirrored casino canadian. If we see anything suspicious we have to report it.
If we didn't report it, not only is it not in our interest, we could lose our licence. We have to abide by strict rules, quite rightly. Canadian billionaire Calvin Ayre, founder of Bodog online gaming, is considered a rebel figure in the industry. Last year, he was indicted by the US, accused of contravening US money laundering and gambling laws. A company spokeswoman called the indictment baseless and said it is business as usual.
This year, Ayre predicts the depressed share prices of European company london gaming companies will tempt a cash-rich Asian operator to set up a European bridgehead. Operators such as32Red, mobile specialists Probability, software outfit Openbet and Ladbrokes are all potential acquisition targets, he says.
Gambling legislation in the UK has got "kind of messy" he said, adding: This new measure is a logical one for the Government and if taxed competitively could work for both sides, especially given that the UK is the such a competitive market. Any regulation where both sides have input to the process is good for the industry.
Aaron Shaked is said to have pioneered the online casino concept after the idea came to him while at a dentists' conference in a Monte Carlo casino. Avi Shaked also has a long political career, including two unsuccessful attempts to run for the Israeli parliament under the slogan "a socialist and a millionaire". Aaron, who passed away inand his brother mortgaged their homes to fund the company. Their families and the Ben-Yitzhaks retain majority control.