Retail

Founder of Eastwoods bookmakers dies age 87

One of Northern Ireland’s most prominent boxing promoters, and former owner of Eastwoods Bookmakers Barney Eastwood has died aged 87. Born in 1932, he was well known for founding the Eastwoods chain of betting shops. The retail betting estate was established in 1954 by Barney and his wife Frances Eastwood, and was Northern Ireland’s most prominent betting company. In 2008, …

Read More »

Gauselmann centralises global sales capacity under German HQ

German gambling conglomerate Gauselmann Group has confirmed that corporate governance has undertaken a review of its sales and commercial structures. The review aimed to reflect Gauselmann’s changing commercial dynamics, which see the business generate ‘around 60% of its revenues within other European countries and beyond’.  Furthermore, a new group sales structure is required as the majority of new business growth …

Read More »

Playtech shuts down Snaitech’s retail profile respecting Italian COVID-19 decree

Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …

Read More »

Kokkalis ends INTRALOT CEO tenure transferring control to Christos Dimitriadis

Issuing a market filing, Athens-listed gambling and lottery systems supplier INTRALOT SPA has confirmed that Chairman Sokratis Kokkalis has ended his interim CEO tenure, confirming Christos Dimitriadis as new company leader. Effective immediate, Kokkalis has transferred day-to-day control of INTRALOT ’s executive team to Dimitriadis who takes the position of Group Chief Executive and is further promoted to serve as …

Read More »

£58.9m in sanctions issued by UKGC from 2014-2019

According to a freedom of information request submitted by the Gambling Business Group (GBG), the UK Gambling Commission (UKGC) has handed out £58.9m in financial sanctions over a five and a half year period. The request, which was submitted by the GBG two years after the initial approach to the Commission, revealed that a total of £58,946,578 was sanctioned between …

Read More »

NatWest Chief confirms expansion of ‘GamCare walk-in’ scheme

UK highstreet bank NatWest (RBS Group) has confirmed that it will expand its ‘pilot scheme’ to provide gambling counselling support across its UK network. Working in collaboration with GamCare, NatWest launched its gambling-related ‘walk-in consultation’ last year across 13-branches operating in the South East and Midlands. Launching the Scheme in 2019, NatWest management stated that the bank had a duty …

Read More »

SAZKA commits to ‘package deal’ safeguarding Casinos Austria concerns

Czech gambling conglomerate SAZKA Group has agreed to terms on a ‘cooperation agreement’ with Austrian state fund Österreichische Beteiligungs (ÖBAG) related to the ownership structure of Casinos Austria. ÖBAG had come under fire from Austrian political parties for not using its ‘pre-emption rights’ to challenge SAZKA’s bid to secure a majority +50% stake in Casinos Austria. Last summer, maintaining a 37% …

Read More »

UK Racing urges industry to heed Government’s COVID-19 advice

British Racing’s COVID-19 Steering Group has urged the racing industry to heed the Government’s advice regarding the recent coronavirus outbreak, following the appropriate guidance published on Tuesday 3rd March. According to the British Horseracing Authority (BHA), British racing has been in regular contact with DCMS and DEFRA over the past two weeks to keep them informed of the racing’s industry’s …

Read More »

Codere Chairman calls for political sense following Royal Decree approval

Norman Sorensen, Chairman of Grupo Codere SA, has urged Spanish ministers to maintain reasoned dialogue and analysis of Spain’s gambling sector.  Sorensen made his comment in a letter accompanying Codere’s Bolsa Madrid annual statement, which emphasised that Spanish gambling has been besieged by ‘false beliefs’ and ‘radical political positions’ against its incumbents.  Sorensen’s appeal comes after Spain’s new coalition government …

Read More »

GVC forms 11 law firm legal panel to support global outlook

FTSE250 gambling group GVC Holdings Plc has completed its first-ever ‘legal panel’ to strengthen corporate counsel across all operational disciplines. Marked as a key directive, GVC governance undertook the development of its first legal panel to represent the firm’s enlarged identity and global growth ambitions. A corporate strategy primarily adopted by large-scale enterprises, legal panels see companies strengthen their counsel …

Read More »