Granted, stores have closed, but for the first time in a long time the sector has stabilised, and at times has even had periods of growth over the last 5 years or so. The biggest difference that we have seen is that there are fewer brands to choose from.
Here is our list of the biggest high street brands in the industry right now. William Hill — 2, Shops William Hill is one of the most iconic betting brands in the gambling industry. They first opened their doors in , and since then have gone on to enjoy huge success from both the high street and the online sector. The brand has changed hands many times over the years and is one of the most invested in bookmakers the industry has known. The first of the takeovers came about in when Sears Holdings first got involved.
Others have included the Grand Metropolitan in and then Brent Walker in Since then they have acquired and sold a number of sectors of the business, including greyhound tracks, betting shops, and software companies, to name just a few. Ladbrokes — 1, Shops Ladbrokes are another brand that has been commonplace on our highstreets for decades now. This means that GVC Holdings are technically the biggest company on the high street, owning over 3, betting shops within the sector.
Ladbrokes are probably the major pioneers of high street bookmaking and were the first to really start to push the concept in terms of numbers. Just 6 years after high street betting was made legal in the UK they had managed to open over betting shops, several times more than any other brand. As a result, they were the first to go public on the stock exchange and are globally known as one of the biggest betting brands going.
Coral — 1, Coral started life in and was set up out of a small London-based office. They were extremely popular, even in the early days, and focussed on making sure they offered the best possible product at the best possible price for their punters.
They dominated a lot of the racetracks and the dog tracks in the UK for years, but took on their first high street betting shop in In just 12 months, Joe Coral formerly Joseph Kagarlitsky had opened 26 betting shops in the UK, catapulting them to become one of the biggest at the time. Their high street presence is one that has a little more uncertainty than most. We tightly regulate drugs, guns and prostitution, and I think we need to do more to protect people from the financial exploitation typified by betting shops and payday loaners who suck money out of local communities and put nothing useful back.
Adrian Parkinson, campaigner for Fairer Gambling, says the growth in betting shop terminals will hit local jobs and shops. According to a betting industry representative, betting shops are the solution to problems on our high streets. However, many MPs, councillors and officials would disagree.
Betting shops do provide a legitimate and enjoyable leisure activity. But it is not the provision of traditional racing and sports betting that is driving the sector in the 21st century. The Gambling Commission says there are 9, betting shops up from 8, in They are not so much proliferating as moving, and with a worrying pack mentality they are relocating onto high streets. Liverpool, Knowsley, Manchester, Hackney and Tower Hamlets are among other local authorities expressing concern over the number and location of betting shops and, incidentally, they sit alongside Newham in the index of deprivation.
Landman Economics has assessed the impact of fixed odds betting terminals revenue on the wider consumer economy. As gaming machines do not require labour to run by the continued growth of these terminals will result in a loss of 22, jobs. Newham council's failure to limit the number of betting shops in the area doesn't show that there is a lack of evidence that betting shop clusters cause problems on our high streets.
Rather, it shows councils have limited legal powers to develop, protect and enhance the hubs of their communities. What do you think?
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