Retail

All-in Diversity expands its Canadian presence with Shelley White appointment

Copyright: rawpixel / 123RF Stock Photo

The All-in Diversity Project has strengthened its advisory board with the appointment of Responsible Gambling Council CEO Shelley White. White is hoped to bring with her ““a wealth of experience and industry knowledge” as she joins  fellow board members Susan Hensel, Jan Jones Blackhurst, Richard Schuetz, Sue Schneider and Holly Cook Macarro. All-in Diversity co-founder, Christina Thakor-Rankin, celebrated the new …

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William Hill requests a 50% rent cut to offset potential FOBT losses

In a bid to offset any potential revenue losses incurred through the Fixed Odds Betting Terminals (FOBTs) ruling, William Hill has requested that its landlords reduce its rents by 50 per cent. As reported by Property Week, an open letter was issued to 2,000 landlords across the country at the beginning of the month requesting the rent cuts, effective immediately. …

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SIS extends partnership with Singapore Pools

Racing content and sports data provider SIS (Sports Information Services) has extended its agreement with the Singapore Pools (Private) Limited by two years, which will see the provider become the distributor of live pictures and data from the Singapore Racecourse in Kranji, Singapore. As part of the new deal, the data provider will showcase 800 races from the Kranji course, …

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En Marche faces rocky road in pursuit of FDJ sale

France’s Senate has revealed that it will review the proposed sale of state-owned assets Française des Jeux (FDJ) and Aéroports de Paris (ADP) this April. The decision follows the approved passage of the ‘PACTE Loi’ mandate, which seeks to implement the En Marche government’s headline ‘Enterprise and Innovation’ programme, which seeks to privatise a number of French public firms and services. …

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GVC confirms agreed departure of Lee Feldman as Chairman

This weekend, UK business news sources reported that GVC Holdings seeks a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares, at the presumed ‘discounted …

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CIRSA states its intent on dominating ‘All Spanish Markets’ under Blackstone

Publishing its private accounts, Spanish gambling firm Grupo CIRSA has detailed solid corporate progress and growth, completing its first year under the ownership of US multi-national private equity firm Blackstone. The Spanish legacy gambling group records 2018 group revenues of €1.4 billion, combined with operating profits of €368 million, up 5% on its 2017 performance. Issuing a corporate statement, Joaquim …

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Scientific Games fulfils $1 billion 2026 debt note financing

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

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William Hill US backs NJ Compulsive Gambling Council with $50,000 donation

William Hill US’ executive team has confirmed that it has donated $50,000 to the New Jersey Council of Compulsive Gambling, as the bookmaker expands its ‘Nobody Harmed’ corporate directive beyond UK shores. The NJ Council of Compulsive Gambling seeks to broaden its problem gambling treatment and awareness capacities, as the Garden State introduces its first sports betting premises. William Hill …

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Denmark to enforce new Code of Conduct seeking highest industry standards

Spillemyndigheden, the Danish Gambling Authority ,has announced that national stakeholders have agreed on new responsibility provisions, measures and adjustments to be attached to the Danish Gambling Act. A political agreement has been approved which will see Spillemyndigheden enforce a new ‘Code of Conduct’ for all licensed gambling incumbents to adhere to, beginning 1 July 2019. Denmark’s new code seeks to …

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UK Policy Committee – DCMS’ FOBTs policy fits purpose but assumptions cannot be tested

The UK government’s independent Regulatory Policy Committee (RPC) has published its assessment of the Department for Digital, Culture, Media & Sport (DCMS) policy enforcement on ‘FOBTs wagering and social responsibility standards’. The RPC has reviewed whether DCMS inbound UK gambling FOBTs regulatory policy (to be enforced 1 April 2019), has effectively assessed social costs/benefits, industry impacts and further macro dynamics. …

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