Retail

Tracey Crouch joins Horse Welfare Board as independent member

Former Minister for Sport and Civil Society (DCMS), Tracey Crouch, has joined the British racing’s Horse Welfare Board after being appointed as an independent member.  The MP for Chatham and Aylesford will join Barry Johnson, President of the Royal College of Veterinary Surgeons and past Chairman of World Horse Welfare, on the board. The Welfare Board will oversee the promotion …

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Betway strengthens racecourse presence with Cork sponsorship

Betway has bolstered its position in the Irish racing market after penning a new deal which would see them named as the new sponsor for Cork Racecourse’s Grade 3 Chase on Easter Sunday. The valuable £40,000 prize will be run as the Betway Chase this weekend, set to be broadcast across RTÉ in addition to live coverage on Racing TV. …

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UKGC advises operators to reassess novelty market approach

Wooden Blocks with the text Advice. Wooden ABC

Earlier this week, the UK Gambling Commission (UKGC) released its latest advice to operators, suggesting that they should be reassessing their approach to allowing customers to wager bets on novelty markets. The regulator has strongly suggested that, in relation to markets centred around reality tv shows dependent on public voting, operators should cease to accept bets “in parallel to the …

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New Zealand plans to revamp racing industry with governance restructure

The New Zealand government has set out new plans to completely revamp the country’s horseracing industry, with proposals to impose new taxes on offshore bookmakers and establish new governance structures. Following an industry-wide review carried out by John Messara, two new pieces of legislation are set to be rolled out by the country’s deputy Prime Minister Winston Peters. The first …

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UKGC sets out key focus areas in 2019-20 strategy

The UK Gambling Commission (UKGC) has set out its key areas of focus for the next 12 months as part of its 2019-20 Business Plan, detailing the ways it plans to protect customers, prevent harm, raise industry standards and improving regulation. As the regulator moves into the second year of its 2018-2021 strategy, the UKGC intends to “secure a more …

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SKS365 appoints Luca Grisci as Planetwin365 retail lead

SKS365 Group the operating company of Italian bookmaker Planetwin365 continues its senior management restructure, confirming the appointment of Luca Grisci as Director of Retail divisions. A seasoned industry executive, Grisci joins SKS365 leadership team from Italian market competitor StanleyBet where he served in a number of executive roles focusing on retail operations and corporate development (2013-2019). Moving forward, Grisci will …

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Sokratis Kokkalis calls on Intralot operating review following ‘year of declines’

Intralot SPA Group Chairman & CEO Sokratis Kokkalis has confirmed that the Athens-listed gambling technology firm will undertake a full-scale operating review and cost reduction plan, following a year of corporate declines witnessed across all Intralot business verticals. Publishing its full-year 2018 results, Intralot records a -6.4% decline in group revenues to €870 million (FY2017: €930m), as governance reports diminishing …

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France Galop joins efforts to raise funds for Notre-Dame

French racing body France Galop has joined in efforts to raise funds for the reconstruction of the Notre-Dame cathedral after a fire destroyed parts of the building on Monday evening. The governing body’s president, Edoard de Rothschild, has announced that the Prix du President de la Republique will be renamed for this weekend’s meeting at Auteuil, with all proceeds going …

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UKGC outlines new guidelines on settling bets

The UK Gambling Commission (UKGC) has released a number of ‘top tips’ for operators to ensure that bets are being settled in accordance with the regulator’s social responsibility code provision 4.2.6. The advice comes after the UKGC has been made aware of operators breaching the licence conditions and codes of practice, examples of which have included “using a new settlement …

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Ireland to drop 2% turnover tax for favoured two-tier approach

The Irish Independent has this weekend reported that the Dáil Éireann will move to present a two-tiered betting tax plan to the European Commission for EU-wide regulatory approval. Following extensive industry consultations, the Irish government is reported to be dropping its formerly approved ‘2% turnover betting tax’, moving towards a more favourable dual tax system differentiating between retail and digital …

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