Retail

South American expansion aids Cirsa 2015 profit gains

Presenting its full year 2015 results, Spanish gambling operator Grupo Cirsa detailed that it had recorded growth in all core markets. Cirsa would post full-year group revenues of €1.8 billion representing a 16.5% increase on 2014 performance.  Its revenue uplift would transfer to an improved group EBITDA of €380 million up 14% on FY 2014 results. Detailing performance drivers, Cirsa …

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Gala Bingo joins Senet Group watchdog

  UK independent gambling watchdog the Senet Group has confirmed Gala Bingo as its latest industry member. Gala Bingo becomes the first bingo operator to join the Senet Group, which aims to promote greater industry standards relating to advertising/marketing, operational practices and the forming of further socially responsible measures. The bingo operator joins the Senet Group main body, which includes …

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Novomatic launches Loteria de Catalunya omni-channel network

Gambling technology provider Novomatic, has confirmed the launch of its omni-channel lottery system for Loteria de Catalunya. Subsidiary Novomatic Lottery Solutions (NLS), will now maintain provisions for the Catalan lottery provider, integrating its network across retail points and on digital and mobile devices. The partnership will see Loteria de Catalunya migrate its current games portfolio online, which will further gain …

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Ivey to Appeal Crockfords £7.8m Decision

Phil Ivey, a professional US poker player, has been granted permission to appeal the 2014 High Court ruling, in favour of Genting Casinos, for payment of £7.8m won playing Baccarat in Crockfords. The casino had refused to pay out after claiming that Ivey, one of the most heralded poker players in the world, ‘read the backs of the cards’ to …

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Izibet partners with Sporty Tech for French horse racing

Maltese sports betting operator Izibet and Sporty-Tech, a French sports betting solutions provider, have entered into an agreement to enable the former to provide the Maltese betting community with access to the international common pool on French Horse Racing as provided by the PMU.   The French racing calendar (both French races and those abroad) will be open for betting throughout the Izibet …

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Sportech VAT claim heard by UK Court of Appeal

Issuing a corporate update, FTSE listed gambling technology provider Sportech Plc has confirmed that its plea relating to its ongoing £97 million VAT repayment was heard by the UK Court of Appeal last Friday. Sportech governance aims to overturn its September 2014 VAT ruling on its ‘Spot the Ball’ competition, which sided with UK HM Revenue & Customs (HMRC) regarding the …

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USL Announces Partnership with Sportradar

The United Soccer League (USL) have announced a partnership with Sportradar, to proactively safeguard up to 450 matches scheduled for the 2016 USL season. Sportradar is a world leader in the detection and prevention of match manipulation, monitoring over 200 soccer leagues and competitions globally. The company’s Fraud Detection System offers the best overview of the global betting markets, and …

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SeanieMac bolsters UK racing presence

Irish betting operator SeanieMac International has confirmed that its subsidiaries SeanieMac and ApollobetUK have joined UK racing’s Authorised Betting Partner (ABP) scheme. In addition to joining the ABP, SeanieMac will further support UK racing by agreeing a partnership with the Jockey Club, which will see the operator sponsor almost 40 race meetings. SeanieMac marketing expects to boost its brand coverage to …

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Bookmakers ‘think local’ to reduce the risks of problem gambling

Bookmakers must now set out how they will reduce social risks in their local area, such as if they are located near a school or homeless shelter, in order to reduce incidence of problem gambling. The new guidelines will see operators consider their individual betting shop environments and introduce sufficient safeguards for any particular areas of concern specific to each premises. …

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Martinez Sampedro family dilutes Codere SA stake to 2% following share capital disbursement

Embattled Spanish gambling operator Grupo Codere SA (Codere) has issued a new share capital increase valued at circa €494 million (£400 million). Executing its share issue with Spain’s National Securities Market, Codere will approximately release 2.47 billion shares at a value of € 0.20c (per share). Codere’s share distribution will be primarily used to offset its current + €1 billion …

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