Retail

RGT issues public tender for gambling-related harm research

The Responsible Gambling Trust (RGT) has issued an open invitation to tender for a new programme of research into ’Gambling-related harm: what does this term involve and how best to measure and account for it in Great Britain?’ The programme provides total funding for relevant research projects of up to £80,000 to be delivered over a period of 12 months. …

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RGT announces Kilimanjaro Trek industry fundraisers

Marc Etches CEO of the Responsible Gambling Trust has announced the fundraisers of the 2016 Mount Kilimanjaro Trek for charity. The planned trek will be RGT’s fourth annual fundraising expedition and the charity’s second visit to Kilimanjaro National Park. The previous expeditions have raised more than £170,000 to help minimise gambling-related harm in Britain. A total of 31 industry trekkers, …

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Sportech CFO Cliff Baty joins Manchester United

Manchester United has this morning announced the appointment of Cliff Baty as its new Chief Financial Officer. Baty joins the Premier League club, having led racing operator Sportech Plc’s financial operations as group CFO since 2013. Baty further served as a member of the Board of Director’s for the betting operator. A gaming and leisure veteran, Baty has held senior …

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Caledonia Investments acquires Gala Bingo retail division for £241 million

Gala Coral has this morning announced the sale of its Gala Bingo retail division to private trust Caledonia Investments for a total consideration of £241 million. The sale of the division is expected to be completed within two months, upon approval from the UK Gambling Commission. Under its new ownership Gala Bingo Retail will retain Simon Wykes as its CEO. …

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Paddy Power Retail MD Christian Woolfenden exits

The Irish Independent has reported that Paddy Power Retail Managing Director Christian Woolfenden has left the operator, moving back to the UK. The newspaper reports that, Head of Retail Operations Dan Taylor, will fill the role vacated on an interim basis. Woolfenden leaves Paddy Power following five years’ service, primarily as Chief Marketing Officer (2010 – 2014). During his tenure …

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Sky Racing World enters content partnership with New York Racing Association

Tabcorp Kentucky based racing content subsidiary, Sky Racing World,has announced that it had entered a strategic partnership to supply the New York Racing Association (NYRA), with betting consumer provisions. Under the agreement, Sky Racing World will provide NYRA’s advance deposit wagering (ADW) offering NYRA Rewards with live video streaming on all races taking place in Australia, New Zealand and South …

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Tough Q3 sees William Hill issue 2015 profit warning

Issuing a Q3 2015 trading update, William Hill has warned stakeholders and investors that its annual profits will be forecasted below market expectations. The bookmaker detailed a rough Q3 trading performance, reporting a 39% dive in group operating profits.   Suffering the same fate as competitor Ladbrokes, William Hill maintained that sports wagering had been positive during the period, driven …

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Ladbrokes gains investor confidence despite earnings downturn

Despite forecasting a 57% drop in Group EBIT earnings for its Q3 2015 performance, Ladbrokes Plc shares recorded an 8.7% gain on yesterday’s FTSE trading (closing price 109.05p per share). Presenting the operators performance guidance, CEO Jim Mullen outlined that Ladbrokes was in the process of implementing an “organic plan to aggressively invest and grow our recreational and multi-channel customer base …

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DJI Holdings moves for secondary listing on US NASDAQ

Governance of Chinese focused lottery provider DJI Holdings is seeking a secondary listing on the US NASDAQ exchange. The specialist in Chinese sports lotteries views the NASDAQ listing as key to enhancing its market liquidity and developing a stronger investor base for future growth plans. DJI Holdings’ governance outlined that the aimed to complete the listing by first quarter 2016. Chief …

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INTRALOT gains WLA Responsible Gaming Certification for lottery services

International lottery supplier INTRALOT has announced that it has been awarded for its global lottery operations with the prestigious WLA Responsible Gaming Framework Certification for associate members by the World Lottery Association (WLA). As a leader of the gaming sector and a Platinum Contributor of WLA, in 2012 INTRALOT received an invitation to participate in a Responsible Gaming (RG) pilot …

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