Retail

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 …

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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 …

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The Tote, Jockey Club Racecourses and Britbet launch ‘Tote Guarantee’

The UK Tote Group, Jockey Club Racecourses and Britbet have agreed that the new ‘Tote Guarantee’ will be made available to punters at next week’s Cheltenham Festival. The Tote Guarantee will ensure that The Tote will at least match the industry Starting Price (SP), with the chance to exceed the SP if the pool price is bigger on all win …

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HRI outlines industry priorities in five-year strategy

Horse Racing Ireland (HRI) has set out six strategic priorities for the Irish racing industry as part of its new five-year strategic plan. The new strategy, which will run from 2020 through to 2024, is hoped to increase the annual economic contribution of the industry to €2.5 billion, as well as provide a boost annual attendances to 1.5 million. Horse …

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BHA ups integrity commitment with RaceWISE update

The British Horseracing Authority (BHA) has updated its anonymous reporting service to cover ‘four critical areas’ including the protection of racing integrity and maintaining equality across the industry. The service will now be named ‘RaceWISE’, as the BHA hopes to offer ‘those who work in, bet on and follow the sport more options to speak up and report potential breaches …

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EFL continues mental health support by backing Mind campaign

The English Football League (EFL) has extended its partnership with Mind (Mind.org.uk), continuing support for the mental health charity’s flagship ‘On Your Side’ campaign. Operating since 2012, Mind seeks to raise funds improving UK support networks and volunteer training programmes tackling the complexities of mental health issues and its impacts on victims’ families, friends and communities. Partnering with the EFL in 2018, …

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BGC warns government of ‘migration limitations’ on UK’s night time economy

Michel Dugher, Chief Executive of the newly formed Betting and Gaming Council (BGC), has warned the UK government that its post-Brexit immigration policy could impact the nation’s tourism and night-time economies.   The BGC has become the latest UK trade body to question the Conservative government’s points-based immigration policy, which it aims to sanction from the start of 2021. This February, …

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Harald Neumann ends tenure as Novomatic CEO

Novomatic

Austrian gambling technology conglomerate Novomatic AG has confirmed that Harald Neumann has handed his resignation as Group Chief Executive. Issuing a corporate statement this weekend, Novomatic governance disclosed that Neumann had resigned from CEO duties on Saturday 29 February, ending his six-year tenure as company leader. Novomatic governance detailed that Neumann had chosen to leave leadership of the technology group’s executive …

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Wanda demands overhaul of Puerto Rico’s gambling frameworks

Wanda Vázquez Garced, Governor of Puerto Rico, is seeking an overhaul of the Caribbean island’s gambling laws to revive its economy and tourism following the severe damage of back-to-back hurricanes Irma and Maria in 2017. Last week, Vázquez personally recommended the appointments of advisors Professor José Balasquide-Córdova and Cristóbal Méndez to lead the development of Puerto Rico’s ‘Games Commission’. Writing to …

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ECJ rejects Stanleybet Italian €8m tax appeal

European betting group StanleyBet has lost its European Court of Justice (ECJ) appeal, contesting an Italian tax dispute related to wagers processed through its data centres. During the four-year long tax dispute, StanleyBet had brought an appeal to ECJ judges, challenging Italy’s Customs & Monopiles Agency (ADM) €8 million tax demand. Italy’s ADM had demanded that StanleyBet pay €8 million …

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