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Issuing a governance statement, London-listed betting systems provider Sportech Plc has today announced that it is seeking a corporate sale of its entire enterprise. Its decision follows a comprehensive strategy review undertaken by Sportech governance with a view to maximising shareholder value. Launching its bidding process, Sportech informs that it has appointed London investment firm Canaccord Genuity as lead financial …

Ahead of its Annual General Meeting, London-listed gambling operator Rank Group Plc has issued a 16-week trading update (period ending 15 October). The gambling operator has stuck by its full-year guidance, despite facing tough ‘venue conditions’ in 2017. In its latest trading update, Rank would sustain a like-for-like group revenue increase of 2%. The company detailed that growth was primarily …

Bet365 is facing fierce competition to retain its Bookmaker of the Year title at this year’s SBC Awards, after the shortlists were announced for the sports betting industry’s annual end of year celebration. Vying with the Stoke-based bookmaker for the ceremony’s key award on Tuesday 5 December will be Sky Bet, William Hill, Unibet, Pinnacle, Betsafe, BetVictor and 10bet. Meanwhile the …

One of the key aims of the week was to ensure that consumers are aware of the tools that are available to keep gambling safe, initiatives like the ‘Gambling Therapy app‘, that Scandinavian operator Kindred recently revealed that it was going to fund. Alexander Westrell, Head of Communications for Kindred, told SBC: “Responsible gambling is a key part of our …

Stockholm-listed European online gambling firm Kindred Group Plc aims to create a ‘next generation’, tailored proprietary database solution in partnership with cloud infrastructure and engineering specialist Cockroach Labs. Having surpassed the 20 million customer mark, Kindred Futures, the innovation arm of the gambling group detailed that an optimum database infrastructure developed for the firm’s specific transactions was needed in order sustain …

Åland Island-based gambling operator Paf has confirmed the appointment of Daniela Johansson to the position of Deputy Chief Executive. Focusing on corporate development and social responsibility, Paf governance promotes the fifteen-year company veteran Johansson to the position of deputy leader, supporting Group Chief Executive Christer Fahlstedt. Johansson has most recently served as Paf Chief Responsibility Officer (CRO: 2014-2017), leading the …

Bloomberg News has reported that FTSE-listed Ladbrokes Coral Plc is set to take its £70 million overturned UK Revenue & Customs (HMRC) ‘2008 tax avoidance’ dispute to the UK Court of Appeal (the UK’s second highest law court). The betting group targets a February date for the Court of Appeal to rehear its arguments against HMRC, who had charged Ladbrokes …

Issuing a market update, London-listed online gambling group Jackpotjoy Plc has informed that Andy McIver is to step down as Chief Executive (CEO) of the company. McIver’s leadership departure will see Jackpotjoy appoint former Gala Coral MD Simon Wykes to the position of Group Managing Director. Moving forward, the senior management of all core group gaming assets; Jackpotjoy, Mandalay and …

2017’s industry agenda and context has been dominated by the UK government’s pending October triennial review of industry gaming machine stakes and advertising standards. Industry leadership and investors eagerly await the government’s judgement in what has become a high stakes political battle. Following 2015/2016’s mass industry consolidation, 2017 was initially marked as the ‘year of corporate integration and assimilation’, as …

Placing social responsibility at the forefront of the industry, the first ever ‘Responsible Gambling Week’ (RG Week – 12-18 October) has been met with great enthusiasm by sector stakeholders. Driven by the Industry Group for Responsible Gambling (IGRG), every vertical of the UK gambling industry (arcades, bingo clubs, bookmakers, casinos and digital) will take initiative in driving the message of …