KlappentextVictor Chandler, the most recognisable face in bookmaking, tells his kotobanomaho-kanazawa.comng was in his blood from birth. Discover how his grandfather dealt. Die anerkannte britische Buchmacherfirma VictorChandler hat ihren Sitz und ist lizenziert auf Gibraltar. Sie gehört dem berühmten Victor Chandler, der den Victor William Chandler ist ein britischer Geschäftsmann, Buchmacher und ehemaliger Vorsitzender der Firma BetVictor, legal Victor Chandler International.
Lifestyle & KulturDer Victor Chandler Poker Cup (oftmals abgekürzt als The Victor Poker Cup oder The VC Poker Cup) war ein Pokerturnier in London, das zweimal ausgetragen. Die anerkannte britische Buchmacherfirma VictorChandler hat ihren Sitz und ist lizenziert auf Gibraltar. Sie gehört dem berühmten Victor Chandler, der den Victor Chandler, often referred to as the “Godfather of Gambling” or the “Indiana Jones of Gambling,” was born into a family of gamblers. Inheriting a bookmaking firm from his father, Chandler was one of the first bookmakers who decided to take his operation offshore and utilize the internet to expand his business.
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He says he has a three-year strategy to expand into new technology and new markets. And it was with this in mind that he and Michael Tabor, his racecourse-owning business partner, struck a deal last August which many have viewed as "selling the family silver".
If the deal goes ahead, Mr Chandler will be given a place on the Enic board and will continue to run his business as part of the larger, listed group, which also has a stake in Rangers football club and controls Italy's Vicenza and the Warner Brothers' chain of retail outlets.
Despite a lengthy delay in closing the deal, Mr Chandler is adamant it is still on track. It's much more difficult to get a due diligence done in Gibraltar than in the UK and there's a huge amount of reporting because public companies have to go into so much depth.
The "hiccups" included an accounting accident where someone tried to hurry the process along on the computer system and wiped out 40, transactions.
Luckily, the balances were left in, but each transaction had to be re-entered, which took a couple of months. So what changes can we expect to the betting company after the cash injection?
Mr Chandler hints that the company could eventually surrender its name. I think we'll look for different brands for different markets.
He says he is not sentimental about ceding some control to a third party. It also gives him personal financial security.
But Mr Chandler says retirement is not yet on his mind. Enjoyment or not, he's got his work cut out fighting off the challenge from his ever-expanding field of competitors.
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Other bookmakers saw his success and decided to follow in his footsteps, moving their companies offshore as well. When Gordon Brown was elected into office in , he abolished the tax in hopes that those companies would move back.
Unfortunately for him, not many of them did. It was around this time that the internet started to increase in popularity, causing Chandler to wonder how it would impact his business.
Anticipating that the internet was here to stay, Chandler decided to make his business available online. BetVictor became one of the first fully functional online sportsbooks, attracting people from all over the world.
BetVictor went through a series of name changes to see if the name of the company would affect the number of people who visited the site.
Chandler was constantly looking for ways to expand his company, realizing that sponsorship was one of the best ways to do so.
BetVictor sponsored several different sporting events over the years, including the Clarence House Chase at Ascot racecourse.
The total distance of the steeplechase race was just a little over 2 miles, and any horse over 5 years of age was eligible to run.
This race allowed BetVictor to get their name out there. Each year after the race took place, BetVictor saw a significant increase in traffic to their site.
Other events BetVictor has sponsored include the Welsh Open Snooker and the World Matchplay Darts, which also lead to an increase in traffic.
Gibraltar He is a private man who keeps a low profile but Victor Chandler prides himself on his good reputation. He also changed the face of betting in this country, when he took the decision to move the company's entire account operation from London to Gibraltar.
This meant he could introduce tax-free betting to all of his customers, a move which has strengthened his position in the marketplace.
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Although the day's main event, the Scottish Grand National, has yet to take place, about 50 men and women are fielding calls from clients wishing to take a punt on everything from cricket to football matches.
In May last year, Mr Chandler, who turned 49 yesterday, sent shock waves through the betting industry by becoming the first big-name bookie to open an offshore service for UK clients, allowing them to avoid the 6.
Instead, he deducts a 3 per cent service fee for each wager made by his 20, registered UK gamblers. Starting with four people, who used mobile phones to handle orders because they could not get connected to the local Gibtel network quickly enough, the Victor Chandler International office now has employees, a mixture of Gibraltarians, Brits, Spaniards, Chinese, Greeks and Americans.
Mr Chandler says: "We are popular with some people here, but not with others. The Government worries because now there is just one industry supporting the area, and that's the betting industry.
It did not take long for others to join the offshore revolution and Chandler's arch-rivals Ladbroke and Coral have established substantial operations in the territory.
Mr Chandler says: "It was inevitable. You were never going to have a monopoly on this market. Where we still have the lead is the Far East. Although many have described his defection to Gibraltar as "an overnight move", Mr Chandler had planted the seeds for his UK tax-free unit three years earlier by offering a similar offshore service, also based in Gibraltar, to his high- rolling Asian clients.
Although the UK is the biggest market in volume terms, regions such as Hong Kong, Taiwan and Thailand are by far the most valuable, accounting for 60 per cent of turnover and growing fast.
Mr Chandler says: "I hadn't realised there was so much interest in UK and international soccer as there is in Asia. They see more games than we do.
It's because the results of sports in Asia can be easily influenced. The Chinese look for a medium to gamble on which they believe is straight.
Of the scandal surrounding South African cricket and alleged Indian bribes, Mr Chandler says: "We're the sort of people it affects the most because we are the end of the line.
We're looking at the transactions we made around the time of the World Cup. As well as entertaining clients and potential business partners in his office, a shrine to his beloved horses which overlooks the Rock of Gibraltar, Mr Chandler makes frequent trips to Asia, preferring to handle his business in person, but complaining that jet lag often wipes four days out of his hectic schedule.
The early life of this flamboyant bookmaker was just as eventful. He was brought up in Seaford, Sussex and enrolled in a local boarding school at seven, but was later expelled from Highgate School in north London "for climbing out of a window at night.
I was in love". Fortunately, his father came to the rescue, persuading the headmaster of Millfield School to take on his wayward son.
Mr Chandler the younger says: "Jack Meyer was a great gambler and became a friend of my father's. I think they had dinner one night and decided I should go there.