Retail

All the news form the retail betting sector

Ramaphosa orders investigation of South Africa’s National Lotteries Commission

Cyril Ramaphosa, President of South Africa, has signed an executive order authorising the Special Investigating Unit (SIU) to probe alleged corruption and maladministration of the National Lotteries Commission (NLC). Signed by President Ramaphosa on 20 October, the order came into effect when it was published in the Government Gazette on 6 November. The Special Investigating Units and Special Tribunals Act’s …

Read More »

BGC urges Westminster to follow Wales’ ‘science-led approach’

The Betting and Gaming Council (BGC) has shown its support for the ‘science-led approach’ taken by the Welsh government, which has allowed betting shops and casinos to reopen their doors following the country’s two week ‘fire break’ lockdown. As of yesterday, 360 betting shops and four casinos in Wales were given the green light to reopen their doors, with a …

Read More »

Bookmakers support racing with additional streaming and data fees

Bookmakers have agreed to offer a much-needed cash boost for horseracing during the second coronavirus lockdown, after confirming that they will pay additional fees on existing streaming and data deals until 2 December. The extra revenue from online operators will help racecourses to make up for some of the funding shortfall caused by the widespread closure of betting shops in …

Read More »

Svenska Spel extends Swedish Sports Federation alliance

Svenska Spel has extended its partnership with the Swedish Sports Federation, Riksidrottsförbundet, with the agreement now expected to run until 31 December 2022. The new agreement is reported to be worth SEK 42 million over the two year period, and will be effective from 1 January 2021. The duo will focus on securing funds for the country’s sports organisations as …

Read More »

SIS supports international expansion with two hires

Sports Information Services (SIS) has strengthened its team after promoting Helen Ridley to the new role of Head of Group Account Management and also appointing Michele Fischer as Digital Sales Consultant for the US market. Having joined SIS over five years ago, Ridley will take responsibility for leading the Major Account team to build new global operator group relationships and …

Read More »

Suitors await Caesars call on William Hill’s ‘non-US’ assets

City news sources report that New York investment fund Apollo Global Management will bid to acquire William Hill Plc’s ‘non-US assets’, as the FTSE250 firm moves to merge with US strategic partner Caesars Entertainment. Apollo had formally announced its intentions to bid for an outright acquisition of William Hill. However, the investment fund’s pursuit of the heritage UK betting group …

Read More »

UKGC releases first National Strategic Assessment

consultation

The UK Gambling Commission (UKGC) has published its first ever National Strategic Assessment, which will assess the ‘issues and the risks gambling presents to consumers and the public’. The assessment document will outline the UKGC’s priority actions in mitigating the risks associated with gambling, in addition to highlighting a number of areas where significant progress is already made to make …

Read More »

Standard General notifies Sportech shareholders of rejected £54m bid  

New York hedge fund Standard General LLP has revealed that it has had a series of cash offers rejected by LSE-listed wagering and racing systems provider Sportech Plc.  The hedge fund said that its ‘latest cash offer’ of 28.5 pence per share, offering Sportech investors a 58% premium on the firm’s October LSE closing price of 18 pence per share, …

Read More »

BGC members renew commitment to 10-pledge action plan

As the second lockdown in England gets underway, the Betting and Gaming Council (BGC) has reaffirmed its commitment to a 10-point pledge aimed at protecting both staff and customers. The pledge, which was first outlined in March during the first UK-wide lockdown, outlines the standards expected of BGC members. It followed concerns that the closure of betting shops and casinos …

Read More »

Rank responds to press speculation on controversial share placement 

Rank Group Plc has quelled press speculation that it will undertake a new share placement to raise working capital to help its venues and properties mitigate autumn lockdown proceedings and further COVID-19 impacts. The LSE gambling group issued its response to a Sky News report, which detailed that Rank would pursue a £70 million emergency funding round, undertaken through a …

Read More »