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Retail

Scientific Games completes $20 million acquisition of DEQ Systems

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table ... Read More »

OPTIMA to showcase award-winning I-Shop at ICE

OPTIMA MGS is preparing to exhibit at the ICE Totally Gaming exhibition on the back of a successful year culminating in the winning of an award for its retail technology. OPTIMA MGS won the Innovation in Retail Betting – Best Retail Betting Product at December’s SBC Awards for its I-Shop product, which had already led to queues of industry experts ... Read More »

GBGA dealt ‘one entity’ blow in UK tax challenge

European Court of Justice Advocate General Maciej Szpunar has dealt a blow to the legal challenge brought by the Gibraltar Betting and Gaming Association (GBGA) against the UK HMRC’s 2014 new tax regime on online gambling duties. Detailing his opinion on GBGA’s ongoing challenge, Szpunar stated that British overseas territory Gibraltar and the UK should be treated as ‘one entity’ with regards to ... Read More »

Boylesports extends sponsorship of RTÉ Sport’s racing coverage

Irish independent bookmaker Boylesports has confirmed that it will extend its sponsorship of RTÉ Sport’s horse racing coverage for a further year. As part of its sports content, Irish national broadcaster RTÉ has at present 24 days of racing coverage including popular races the Irish Grand National, Irish Champion Stakes and The Irish derby, as well as festival coverage of ... Read More »

Svenska Spel agrees to IGT systems upgrade

Swedish state-owned gambling operator Svenska Spel has moved to upgrade its lottery and video terminal systems arrangement with principal supplier International Game Technology (IGT). The agreement sees Svenska Spel continue its systems partnership with IGT for a further seven years (partnership started 1996). IGT will now move to upgrade Svenska Spel systems for Video Lottery Terminals, site controllers, game services ... Read More »

Boylesports expands domestic portfolio buying Bambury betting shops

Irish bookmaker Boylesports has continued its domestic retail expansion by acquiring the portfolio of nine betting shops from independent bookmaker Bambury. Having agreed sale terms with Bambury owners, the purchase of the nine betting shops is currently awaiting approval by the Irish competition authority. Should Boylesports governance be successful in its purchase of Bambury estates, the Dundalk bookmaker will increase ... Read More »

Paddy Power gets ‘supersized’ for Trump Inauguration

Ahead of this Friday’s US Presidential Inauguration, bookmaker Paddy Power has loaded up an array of Donald Trump betting specials. Seeking to recover some of its six figure losses on Trump’s surprise 2016 US Election victory, Paddy Power opens it ‘supersized’ Inauguration Day markets offering 11/1 for Trump’s first Presidential speech to last 22:30 minutes or longer.  Further markets, see ... Read More »

Moving Forward…Caesars finally closes CEOC Chapter 11 proceedings

Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of ... Read More »

Betfred ‘back in the black’ for 2015/16

Filing its corporate accounts for tax year 2015/16, independent bookmaker Betfred has posted pre-tax profits of £32.4 million reversing operating losses of £88 million recorded in 2014/15.  Issuing a short statement attached to its year-end filing (period ending 25 September 2016), Betfred governance stated that wagering through increased player activity had grown significantly throughout its business properties. As a result, ... Read More »

Novomatic Group appoints Bernhard Krumpel as communications lead

Updating the market and investors, gambling and lottery technology services provider Novomatic Group has confirmed the appointment of Bernhard Krumpel as its new Head of Group Communications. A European corporate communications expert, Krumpel joins Austria-based Novomatic Group from private consultancy Krumpel GMBH where he acted as group communications lead for Hypo Noe Group Bank. Krumpel will be tasked with leading ... Read More »