Retail

Alizeti comes ‘Together for the Tote’ through £150 million deal

Alizeti - Copyright: chrisvanlennephoto / 123RF Stock Photo

The Alizeti consortium has secured the future of the Tote by striking a deal to purchase an initial 25% share of the pool betting operation, with an option to purchase the remaining 75%. The deal, said to be worth approximately £150 million, has been reached with Fred Done, the founder and CEO of Betfred who acquired the Tote from the …

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Codere appoints Moshe Edree to lead its global digital vision

Bolsa Madrid, Spanish gambling operator Grupo Codere has confirmed the appointment of Moshe Edree as Chief Operations Officer (COO) for its Digital Gaming division. A 15-year gambling technology executive, Edree will be tasked with developing Codere’s digital vision, as the gambling group seeks to further expand within Spain and build-out its initial digital properties for the markets of Mexico and …

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Racing Post Touch product gets informative new feature

Racing Post B2B has further improved its popular Racing Post Touch product, with the addition of full form for horseracing. Racing Post Touch has been a permanent fixture in a number of betting shops and now the Racing Post B2B team aim to broaden the horizons of the product by introducing full form for horse racing. The addition of full …

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Paddy Power launches ‘swear boxes’ campaign for Suas literacy charity

Paddy Power has backed Irish children’s literacy charity Suas, on its mission to ‘clean-up the nation’s language’. Partnering with Suas, a charity which specializes in providing literacy support for disadvantaged youngsters in Ireland and abroad, Paddy Power has launched its ‘swear boxes’ campaign within its Irish betting shops. The idea behind Paddy Power’s swear boxes is two-fold: to try and …

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SIS lands exclusive deal with Irish Greyhound Derby

Multi-channel supplier, SIS (Sports Information Services) has agreed an exclusive deal to provide retail and online operators with live pictures and data for the 2018 Irish Greyhound Derby. The content provided will feature all races from Shelbourne Park, from the first-round heats beginning Thursday 16th August, through to the final on Saturday 22nd September. SIS will provide live pictures and …

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Fortuna records strong 2018 opening as new CIS assets deliver for enlarged enterprise

Publishing its Q1 2018 trading update (period ending 31 March), CIS betting group Fortuna Entertainment has reported significant progress on its commercial agenda following a strong opening to its 2018 performance. Updating the market, an enlarged Fortuna reports growth across its core metrics and corporate KPIs as the operator records a 163% increase in group revenues to €797 million. In …

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Playtech given green light for Snaitech acquisition

Gambling software development company Playtech has confirmed that it has received approval to buy a majority stake in Italian betting and gaming firm Snaitech SpA from the gaming regulator in Italy. The major industry supplier had agreed to buy a 70.6% stake in Snaitech back in April, for €846 million (£741 million). The deal is expected to close next month, and …

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Mark Frissora – US Betting is in-tune with Caesars comeback

Speaking to CNBC News, Mark Frissora Group President & CEO of Caesars Entertainment has stated that his firm is reviewing all options with regards to competing within a US state-licensed sports betting framework. Frissora and Caesars’ executive team welcomed ‘with excitement’, last week’s groundbreaking Supreme Court repeal of PASPA’s federal mandate, which will open US licensed sports betting. Caesars leader …

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OPTIMA joins call for FOBTs transition period

OPTIMA

OPTIMA CEO Jacob Lopez has echoed a call from GVC for the government to afford UK bookmakers a reasonable transition period to adapt their retail business models. Lopez was consulted by SBC on yesterday’s announcement, which saw the government reject advice from the Gambling Commission by cutting stakes on B2 Gaming Machines (FOBTs) from £100 to £2. To cover the …

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Paddy Power Betfair stands by FOBTs judgement

The governance of FTSE100 betting group Paddy Power Betfair Plc (PPB) has restated its support of the government’s £2 cut on FOBTs machine wagering. Issuing a corporate update, following yesterday’s DCMS triennial review judgement, PPB governance stated that the drastic FOBTs cut would not change the firm’s UK retail strategy. Updating the market, PPB estimates a 33-43% decline in total machine …

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