As anticipated Athens-listed gambling technology firm Intralot SPA has announced the first actions of its ‘group operating review’, moving to overhaul senior management within its operations, technology, digital and commercial departments. Publishing Intralot’s 2018 results last April, company Chairman and majority shareholder Sokratis Kokkalis sanctioned a ‘full scale operating review’, as Intralot recorded declines across all core business verticals – licensed …
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Bacta keeps its copper coins
The British Amusement Catering Trade Association (Bacta) has welcomed the decision by the UK Treasury not to remove any coins or notes from circulation. Last March, UK Chancellor of the Exchequer Philip Hammond called for the reassessment of UK Currency’s ‘lowest denominations’, focusing on whether 1p and 2p coins had become ‘obsolete’. Acting on behalf of British amusement interests, Bacta …
Read More »UKGC rolls out new framework assessing problem gambling impact on young people
In addition to its National Strategy to Reduce Gambling Harms, the UK Gambling Commission (UKGC) has released a new ‘framework for action’ researching gambling harm among children and young audiences. The report places more focus upon the previous work to develop a framework for gambling-related harm amongst adults. The report has been specifically designed on questions included on ‘Ipsos MORI’s …
Read More »France Galop commits €350,000 to Au-Dela Des Pistes
French racing body France Galop has committed €350,000 a year to an industry initiative centred around both the retraining of racehorses, as well as the rehoming of those horses that cannot be retrained. The initiative, Au-Dela Des Pistes [Beyond the Tracks], was founded in 2016. The France Galop funding is due to be divided between the ADDP and the French …
Read More »Andy Hornby steps down from GVC to join The Restaurant Group
Co-chief operating officer of GVC Holdings, Andy Hornby, is to step down from his position at the gambling giant to join The Restaurant Group as its new CEO. Hornby will be replacing the outgoing CEO, Andy McCue, at the Restaurant Group once an official transition date has been confirmed. Originally joining Gala Coral in 2011, Hornby has previously held positions …
Read More »Simon Bazalgette confirms he will step down from The Jockey Club
Simon Bazalgette, group chief executive of The Jockey Club, has confirmed that he will be stepping down from the role at the end of the year in a transition towards a non-executive career. Bazalgette, who has been with The Jockey Club for over a decade, has recently been named as an independent non-executive director on the EFL Board, replacing his …
Read More »Blackstone continues Spanish affair acquiring Giga Games
Spanish Gambling firm Grupo CIRSA has confirmed that it has acquired slot machine distributor and gaming hall operator Giga Games, from Spanish private leisure and gambling fund Conei Corporacion. The transaction sees the Lao Hernandez family engage once more with US private equity group Blackstone, who last year acquired CIRSA from Spanish gambling tycoon Manuel Lao Hernandez for approximately €1.5 billion. …
Read More »William Hill revamps Best Odds promotion with Racing Refunds
After being revealed as the most favoured bookmaker concession in a recent Horseracing Bettors Forum (HBF) survey, William Hill has announced that it will be revamping its Best Odds Guaranteed promotion. The changes to the promotion, set to come into play on Thursday, will now mean that customers will only be able to access the concession from midnight on the …
Read More »Rank Group confirms departure of Ian Burke as Chairman
Further to publishing its Q3 2018/19 trading update, the governance of London-listed Rank Group Plc has this morning disclosed that Ian Burke will not stand for re-election as Corporate Chairman. Updating investors, Rank informs that Burke has submitted a personal notice informing governance of his decision to end his 8-year tenure as Rank Group Chairman. Rank governance informs that Senior …
Read More »Grosvenor improvements see Rank delivering on Transformation agenda
Publishing its Q3 2018/19 trading update (quarter period ending 31 March), the governance of London-listed gambling group Rank Group Plc details that its transformation programme is delivering on ‘expected cost savings’. Reflecting previous trading updates, Rank details that it has recorded improved digital revenues (+2%), whilst its venue like-for-like revenues remain flat. Nevertheless, the UK gambling group reports an improvement …
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