Retail

All the news from the retail betting sector

Intralot completes US Inc focused capital restructuring 

Intralot SA has secured a final settlement on its debt-note and capital restructure, undertaken to deepen its financial resources and accelerate the growth of its North American Intralot Inc unit.       The Athens-listed gambling technology group reports that on 3 August it was allowed to issue new debt-notes totalling £242 million, which will be maintained under the Intralot Inc domain. …

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Royal Calcutta Turf Club to broadcast UK and IRE fixtures powered by RMG 

UK and Ireland horse racing fixtures have secured breakthrough coverage for the Indian market via a new media rights distribution deal struck between Racecourse Media Group (RMG) and the Royal Calcutta Turf Club (RCTC).  The ground-breaking deal will see the heritage RCTC racetrack enable its visitors to watch and bet on fixtures broadcast by RMG of 34 UK racecourses and …

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CVC seals 10% stake in LaLiga commercial entity

LaLiga has confirmed the sale of a 10% stake for €2.7 billion to Luxembourg-based private equity firm CVC Capital Partners. Under the terms of the agreement, LaLiga, which governs the top two tiers of the country’s football system, will form a new company to oversee commercial elements, such as sponsorship deals, in which CVC would take a 10% stake. However, …

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UKGC delays National Lottery timetable to accommodate deeper bid evaluations

The UK Gambling Commission (UKGC) has this morning confirmed that it has extended the timetable of the Fourth National Lottery Competition by a further 10-week period. The decision will see the winner of the multi-billion UK government contract set to be announced in February 2022, as the Commission withdraws its original forecast of aiming to announce the competition’s winner by …

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IGT backs its trimmed profile as gaming units return to profitability

IGT Plc has maintained confidence in its 2021 commercial strategy, having reported strong gains in Q2 as its gaming division ‘returns to profitability’. Reporting a yearly increase in revenue of 74% to $1 billion (2020: $600m), the group has also achieved net EBITDA of $442 million (2020: $164m) and operating income of $244 million, a major improvement on the operating …

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SIS and Racing Post collaborate on one-off betting shop awards programme

SIS (Sports Information Services) has teamed up with the Racing Post to host a one-off Betting Shop Champion Awards, aimed at recognising the efforts of retail betting and gaming staff during the COIVD-19 pandemic. As with other sectors of the UK economy, the retail betting sector has been hard hit by lockdowns, with high street bookmakers forced to close their …

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BACTA forms working group to improve understanding of gaming machines

BACTA, the trade association that represents British arcades and gaming machine suppliers, has established a new ‘technical standards working group’. The group, BACTA says, has been designed to inform, recommend and update regulatory stakeholders on industry developments and best practices related to machine gaming standards and developments.  Led by Alan Claypole, the current Head of Product Development at Blueprint Gaming, …

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Sisal splits Mooney payment services unit from main business

Sisal Group SPA, the operating firm of Italy’s SuperEnalotto lottery, will undertake an ‘organisational restructure’ which will result in a demerger of the group in favour of a newly incorporated company – ‘SG2 SPA‘. The demerger forms part of a wider strategy of corporate restructuring that aims to ‘better define the functions and primary objectives of the group’ and will …

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Full strength FDJ outperforms normalised trading results

Groupe FDJ has cited ‘rapid acceleration towards growth’, as its commercial units outride France’s pandemic headwinds and begin to outperform 2019 results. Publishing its 2021 interim accounts (period ending 30 June), FDJ records combined group stakes (lottery sales and sports betting wagers) of €9.1 billion up 32% on H1 2020’s €6.8 billion – and a significant 8% increase on H1 …

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