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Codere liquidation ‘expected to begin shortly’ as financial restructuring is completed

Codere SA has confirmed that its financial restructuring process, first initiated earlier this year, has been completed, with the planned liquidation of the international gambling group ‘expected to begin shortly’. The corporate reorganisation will see Codere SA relinquish its status as the parent company of the wider Codere operating group, 95% control of which will be transferred to new holding …

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Entain weighs up $1bn buyout of OEG to gain total Baltic dominance 

Speculation mounts on the next M&A move of Entain Plc following weekend reports that the FTSE100 gambling group is preparing a $1 billion (€890m) takeover of Olympic Entertainment Group (OEG).  Entain’s new target was disclosed by Bloomberg, citing “sources who wish not to be identified, as the information is private”. Yet, neither Entain nor OEG have issued statements acknowledging any …

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Gopher withdraws from Playtech bidding war

Gopher Investments has withdrawn from its pursuit to acquire Playtech Plc, confirming that it will propose no counteroffer to investors of the FTSE250 gambling technology group. The Hong Kong investment vehicle that maintains a 5% shareholding in Playtech, had previously stated its intent to table a counteroffer against the £2.7 billion deal put forward by ASX games manufacturer Aristocrat Leisure. …

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SBC Summit North America to tackle betting industry’s leadership challenges

SBC Summit North America

The future of the U.S. sports betting industry, its relationships with professional sports organizations and media brands, and the sector’s investment landscape will be subject to in-depth examinations during the Leaders in Sports track at SBC Summit North America. Executives from companies including DraftKings, BetMGM, Penn Interactive, Bally’s Corporation, ESPN, and Yahoo Sports are set to participate in the track, …

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National Lottery Fund backs DCMS £107m emergency winter grants protecting UK heritage

The National Lottery Heritage Fund is one of several funds to provide an emergency grant of £107m to 925 cultural organisations at risk of closure because of the pandemic and winter periods. Administered by the NLHF as well as Arts Council England, British Film Institute and Historic England, the fund is intended to support regional theatres, local museums, independent cinemas throughout …

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RMG & Timeline to lead distribution of Bahrain racing fixtures

Racecourse Media Group (RMG) and Timeline Television will lead the international production and distribution of media rights for Bahrain’s Sakhir Racecourse for its 2021/2022 season. The British racing media incumbents were selected by the Rashid Equestrian & Horseracing Club following a competitive tender. The partnership will see RMG work alongside Timeline’s production and broadcast facilities unit to develop a ‘one-hour …

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Ukraine stakeholders frustrated at Rada’s lack of urgency on final Tax Bill judgement

The Verkhovna Rada final hearing on the Tax Bill of the Ukraine Gambling Law has been delayed until the end of November. The final hearing and judgement on tax amendments were meant to be passed by 10 November, however, Ukraine stakeholders have seen no precedent take place on the matter. Though sanctioned last August, the Rada’s failure to settle on …

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Betfred gets ready to rumble with Michael Buffer

Betfred will debut ‘Let’s Get Ready to Rumble’, its new nationwide advertising campaign, this weekend on BT and Sky Sports channels.   The Manchester bookmaker’s new headline campaign sees iconic boxing ring-announcer Michael Buffer welcome all UK sports fans back to stadiums, through his legendary catchphrase of ‘Let’s Get Ready to Rumble’ The campaign, developed by Liverpool-based advertising agency Zut Media, …

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