Retail

LatAm discrepancies add fuel to Codere’s governance dispute

Issuing a governance filing, Bolsa Madrid gambling group Codere SA has revealed that two executive directors have resigned in relation to the firm’s LatAm auditing discrepancies. Last week, Spanish business news sources reported that Fernando Sempere Rodríguez had withdrawn from Codere governance responsibilities citing ‘a professional incompatibility’. Sempere Rodriguez resignation follows the departure of board member Alberto Manzanares Secades on …

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Tabcorp seeks new CIO as Mandy Ross departs for academic fields

Australia ASX gambling group Tabcorp Holdings has confirmed the departure of c-level executive Mandy Ross, who has chosen to pursue a new career in academia. Ross has served as Tabcorp’s Group Chief Information Officer (CIO) since 2017 and is set to leave the company in April of next year. In its update, Tabcorp informs that Ross has chosen to join Griffith …

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Orenes launches new ‘VERSUS’ identity targeting rapid global growth

Seeking to expand its international appeal, Spanish gambling firm Grupo Orenes has rebranded its flagship commercial property ‘Viva La Suerte’ to ‘VERSUS’. This week the Murcia (Alicante) based gambling group held a press conference in which it retired its Viva La Suerte brand, announcing the launch of VERSUS (Versus.es) as its lead B2C entity, which Orenes will export internationally. Javier …

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Strong Q3 trading sees Scientific Games return to black

Scientific Games Corporation (SGC) has reported that growth across all core business segments – including its sports betting vertical (SG digital division) but with the exception of gaming operations (sequential loss of $1m) – is growing on “both the top and bottom line”, which CEO Barry Cottle said puts the company on a “path to 5.5x net debt leverage by …

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SIS pens new agreement with Argyll Entertainment

Racing content and data services provider Sports Information Services (SIS) has secured a new two-year partnership with Argyll Entertainment, which will see SIS deliver its 24/7 Live Betting Channel.  The channel, which will feature live streams of international horse racing and British and Irish greyhound racing, will deliver content from across six continents via Argyll’s SportNation.bet site.  Philip Bell, Commercial …

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Rank appoints Karen Whitworth as Audit Chair

London-listed Rank Group Plc has moved to strengthen its governance advisory, confirming the appointment of Karen Whitworth as a Non-Executive Director with immediate effect. An expert in the financial planning and risk management of large-scale enterprises, Whitworth is the former logistics and supply chain operations director of UK supermarket J Sainsburys Plc (2007-2018). Updating investors, Rank governance informs that Whitworth …

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Flutter continues to feel the effect of FOBT ruling during Q3

Flutter Entertainment Plc, has seen its total group revenues jump by 9% during Q3, despite its retail division continuing to feel the effects of the changes in fixed odds betting terminals (FOBT) legislation implemented earlier this year. Publishing its interim report for the three months ended 30 September 2019, Flutter Entertainment disclosed a 9% year-on-year decline in retail revenues, down …

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Star Sports confirms first stage of Northern expansion

Independent betting group Star Sports confirms that it will expand its retail footprint within the North West of England, confirming its acquisition of two Bet Sid premises located in Preston (Lancashire). Updating the media, Star Sports details that its Preston expansion represents the first stage of a new exciting venture, which the betting group will announce in 2020. Moving forward, …

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Attheraces.com rolls out sectional timing service for Jumps Racing

Attheraces.com is due to give punters the ability to study racing form in more detail after launching a new sectional timing data service.  The new service, which will be developed by attheraces.com sectional timing expert Simon Rowlands, will colour-code split times from eleven racecourses owned by Arena Racing Company (ARC), which will identify fast, even and slow sectors relative to …

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YouGov & IGRG survey highlights ambiguity in distinguishing gambling habits

A YouGov survey commissioned by the Industry Group For Responsible Gambling (IGRG) has found that 77% of people believe they have enough information to gamble safely and responsibly.  The poll, which questioned more than 2,000 adults about their gambling habits over the last 12 months, has been published ahead of Responsible Gambling Week which takes place from 7-13 November.  The …

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