Bookies look forward to a World Cup winner next summer

The gambling industry looks set to net millions of pounds of profits from this summer's football World Cup in France, according to leading bookies. Andrew Yates reports on an imminent betting bonanza.

Ladbroke, the UK's largest bookmaker, estimates that punters will bet a total of pounds 100m on the tournament. Stanley Leisure, the casino and betting shop group, yesterday backed up the industry's buoyant forecasts by predicted that it alone would make more than pounds 3m in extra sales.

Nick Batram, leisure analyst at Greig Middleton, said: "More and more people are betting on football matches. This World Cup is likely to be the best ever for the betting industry."

Stanley revealed it had a pounds 40m war chest and is eyeing up more betting shop acquisitions in the UK. It is also planning to expand overseas by opening a casino in Cyprus and growing its betting business from an initial trial in Italy. The group could look to open more bookmakers at airports after launching its first site in Jersey.

Stanley confirmed that the Government was unlikely to allow it to introduce more slot machines at its casinos for the next 12 months at least. However it was confident that some minor gambling reforms such as allowing casinos to advertise in a limited way, should come about this year, despite growing doubts from other industry chiefs.

Stanley announced a 37 per cent rise in pre-tax profits to pounds 10.1m for the six months to October despite the fact that the industry lost a day's racing in September due to the death of Princess Diana, which cost the group pounds 500,000.

Stanley yesterday made Brazil favourites for the World Cup, quoting odds of 11-4, followed by France at 11-2 and Germany at 13-2. England is only fourth in the betting at 7-1 and Scotland is rated a rank outsider at 100-1.

Investment column, page 26

Start your day with The Independent, sign up for daily news emails
News
ebooksAn unforgettable anthology of contemporary reportage
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Digital Optimisation Executive - Marketing

£30000 - £35000 per annum: Recruitment Genius: The UK's fastest growing, multi...

Recruitment Genius: Financial Reporting Manager

£70000 - £90000 per annum: Recruitment Genius: A Financial Reporting Manager i...

Recruitment Genius: Payments Operations Assistant

£23000 - £25000 per annum: Recruitment Genius: They win lots of awards for the...

Recruitment Genius: Telephone Debt Negotiator

£13500 - £20000 per annum: Recruitment Genius: This nationwide enforcement com...

Day In a Page

On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific
In this the person to restore our trust in the banks?

In this the person to restore our trust in the banks?

Dame Colette Bowe - interview
When do the creative juices dry up?

When do the creative juices dry up?

David Lodge thinks he knows
The 'Cher moment' happening across fashion just now

Fashion's Cher moment

Ageing beauty will always be more classy than all that booty
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination

Health fears over school cancer jab

Shock new Freedom of Information figures show how thousands of girls have suffered serious symptoms after routine HPV injection
Fifa President Sepp Blatter warns his opponents: 'I forgive everyone, but I don't forget'

'I forgive everyone, but I don't forget'

Fifa president Sepp Blatter issues defiant warning to opponents
Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report

Weather warning

Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report
LSD: Speaking to volunteer users of the drug as trials get underway to see if it cures depression and addiction

High hopes for LSD

Meet the volunteer users helping to see if it cures depression and addiction
German soldier who died fighting for UK in Battle of Waterloo should be removed from museum display and given dignified funeral, say historians

Saving Private Brandt

A Belgian museum's display of the skeleton of a soldier killed at Waterloo prompts calls for him to be given a dignified funeral