Retail

Kevin Sheehan terminates Scientific Games governance contract

Nasdaq-listed gambling technology group Scientific Games Corporate (SGC) has confirmed that former Chief Executive Kevin Sheehan and corporate legal advisor Viet D Dinh will no longer serve on the firm’s board of directors. Issuing an SEC filing, Scientific Games reveals that both Sheehan and Dinh have departed the company this September, choosing to terminate their governance roles. Kevin Sheehan had served as …

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Tom Watson – Labour will eradicate debt-financed credit betting

Labour Party Deputy Leader Tom Watson has warned the UK betting industry to expect tougher sanctions alongside further market restrictions, should Labour win the next UK General Election (scheduled for 2022). Speaking to the BBC, Tom Watson seeks to replicate the ‘whistle-to-whistle advertising ban’, introduced in Australia at the start of 2018, which prohibits all promotion of betting-related content during …

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VSoftCo expands virtual network with Virtus Sports content partnership

Industry virtual sports content and systems provider VSoftCo Ltd has confirmed that it has entered a multi-year strategic partnership with Virtus Sports, in which both parties will expand their operating networks. The partnership will see VSoftCo integrate Virtus Sports entire virtual sports portfolio across its active partner platform. VSoftCo management details that its global VS network will be significantly amplified …

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GVC Joins US National Council on Problem Gambling funding ‘major new study’

The governance of FTSE-listed gambling group GVC Holdings has confirmed that it has become a syndicated partner of the US Council on Problem Gambling’s ‘Presidents Circle’. Joining the Council and expanding its presence as a US market stakeholder, GVC governance confirms that it will help fund ‘a major new study into the prevalence of gambling in the US and potential …

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IGT restructures debt capacity with new $750 million secured note

New York-listed industry technology group International Game Technology (IGT Group) has moved to restructure its corporate debt structure, confirming that it has successfully placed a $750 million senior secured debt note due for 2027. The transaction sees IGT governance upsize its original debt note of $500 million, previously announced at the start of the week. Updating investors, IGT governance will …

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Structural change sees Perform rebrand to DAZN Group

Perform Group has undertaken a corporate branding and structural overhaul, to better communicate the firm’s new business identity following a number of enterprise changes. As a business Perform Group rebrands to ‘DAZN Group’ and splits its operating structure into two divisions; DAZN and Perform Content. Moving forward, DAZN will act as the consumer-facing property of the company, servicing its flagship …

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SIS launches global 24/7 Live Betting Channels

Racing content and data provider SIS (Sports Information Services) has moved to expand its partner broadcast capabilities launching its ‘24/7 Live Betting Channels’. The 24/7 Live Betting Channels service provides a range of content for online and retail, tailored to operator needs around the world. SIS Content includes live horse and greyhound fixtures, virtual horse and greyhound racing, and numbers …

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AgiproNews’ Italian View: Leadership tries to convince coalition of maintaining betting reforms

Italy’s betting market continues to grow, despite facing a number of future obstacles combined with further regulatory uncertainties under the governance of the Lega-5Star coalition government. During August, Italian betting recorded total gross-gaming-revenues (GGR) of €111 million, representing a 34% increase on corresponding 2017 results. A breakdown of August GGR figures sees growth in retail betting to €61 million (+41%), …

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French Court charges PMU of anti-competitive practices during 2010 separation

The Paris High Court of Appeals has upheld an original verdict against state-owned racing operator Pari Mutuel Urbain (PMU) with regards to ‘abusing its position of influence by enacting anti-competitive business practices’. PMU governance had challenged a February 2018 ruling by France’s Commercial Tribunal against the betting firm, which had deemed its horseracing operations between 2010-2015 as restrictive to licensed …

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OPAP points to a bright future with terminal upgrades & Hellas pick-up

Publishing its 2018 interim results (period ending 30 June), Athens-listed gambling operator OPAP details strong progress on its ‘2020 corporate vision‘ as the company begins to benefit from its systems and network upgrades. Entering 2018, OPAP would undertake a group-wide overhaul of legacy systems and terminals in partnership with industry technology group Playtech Plc. In its update, OPAP governance details …

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