Retail

Colossus Bets signs landmark cash-out agreement with AmWager

Colossus Bets, a supplier of next-generation pool betting markets, has announced a further major US coup, after confirming that simulcast racing services provider AmWest Entertainment (AmWager) will become the first US-licensed racing incumbent to offer cash-out capabilities. Maintaining multiple US racetrack partnerships, AmWest offers an extensive range of ‘Advanced Deposit Wagering ADW’ provisions for US racing customers. Beginning with UK and …

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IGT ups sports integrity dynamics by joining GLMS

New York-listed gambling technology and lottery systems supplier IGT Group has joined the Global Lottery Monitoring System (GLMS) as an Associate Member. IGT will form part of the global association of lotteries, which was established with the objective to ‘safeguard the integrity and values of sports worldwide’. Becoming an Associate Member, IGT will be linked to the GLMS visual identity. It will receive …

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US ‘gambling modernisation’ sees AGA restructure leadership team

Leading US gambling trade body The American Gaming Association (AGA) has confirmed the promotion of three members of its senior staff, as AGA governance seeks to reflect an ‘enhanced focus on industry modernization, communications and advocacy’. The AGA confirms the promotion of Dan Bretl as Senior Vice President of Strategy & Operations, leading AGA’s strategic partnerships and business development disciplines. …

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Tabcorp defends ‘POC position’ against Racing Queensland

Australia ASX-listed gambling group Tabcorp Holdings faces a legal dispute with Racing Queensland related to Australian betting’s new point-of-consumption (POC) tax charge. Unable to reach an agreement on POC ‘additional payments’, the governance of Racing Queensland has moved to file a Supreme Court challenge against Tabcorp subsidiary UBET Queensland. Implementing its state budget mandate, in October 2018 the Queensland government …

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Tabcorp appoints Adam Newman as group financial lead

Australia ASX-listed gambling group Tabcorp Holdings continues it’s executive leadership restructure confirming the appointment of Adam Newman as inbound Chief Financial Officer (CFO). Newman is set to join Tabcorp leadership this October, departing from ASX-listed home energy network AusNet Services, where he has formerly led all financial and treasury disciplines as Group CFO (2013-2019). The appointment sees Newman replace long-term …

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Female jockeys mispriced for success

Research on over 1.6 million horse races over an 18-year time frame has found that female jockeys given odds of 9/1 are statistically as likely to win a race compared to a male ridden horse at odds of 8/1. The research, backed by both the Women in Racing’s bursary fund and the Racing Foundation, concluded that ‘female Jump jockeys may …

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Betfred deepens Racing Post commitment launching ‘Betfinder filters’

Betfred has confirmed that it will deepen its audience engagement partnership with Racing Post B2B, launching the ‘Betfinder’ feature across its digital verticals. Powered by Racing Post data and insights, Betfinder allows horseracing customers to filter and condense bet selections to their preferences, in-turn allowing bookmaker customers to increase market interactions and efficiencies. “Betfinder is a filtering tool that allows …

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SIS strengthens US portfolio with PARX partnership

Sports Information Services (SIS) has agreed to broadcast US racing content to its portfolio of operator partners after inking a new multi-year agreement with Pennsylvania-based PARX Racing. The new agreement will see SIS named as the exclusive distributor of live pictures and data from the racecourse, with the intention of distributing content from at least 1,530 races a year.  Simon …

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Executive reshuffle sees Sportech absorb LOT.TO management

London-listed racing and wagering systems provider Sportech Plc has moved to restructure its executive leadership team, seeking to enhance its B2B structure and capacity. Absorbing the management of recently acquired LOT.TO, Sportech welcomes three new executives to its leadership team. Former LOT.TO CEO and Co-founder Andrew Lindley will take charge of Sportech operations as new Group COO. Lindley has prior …

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Enforcement Report details UKGC concerns for consumer protection

The UK Gambling Commission (UKGC) has published its second annual ‘Enforcement Report’, providing a detailed overview of the work and progress the Commission has made on its regulatory agenda and industry directives. The report updates industry stakeholders on the seven key disciplines central to UK gambling policy and standards – safer gambling, AML, marketing/advertising, illegal activities, affordability, consumer protection and compliance. …

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