Retail

Market downcast on Caesars Entertainment’s future outlook

The share price of embattled gambling operator Caesars Entertainment has dropped 10% to a $7.60 – $8.08 range as markets reacted negatively to the operator’s Q3 performance update (period ending 30 September). Despite recording a 12% increase in revenues to $1.14 billion (£750 million), NASDAQ traders saw no positives for the operator which posted quarter net loss of $756 million …

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Sportradar & IOC agree integrity & intelligence MoU

Ahead of the Sport Accord IF Forum (11-13 November), Sportradar and the International Olympic Committee (IOC) have entered a memorandum of understanding (MoU) with a view to exchange information and intelligence regarding sports betting and the integrity of sports competitions. The intelligence MoU sees Sportradar further its existing relationship with the IOC, focusing on sharing insight and monitoring performance of …

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Macau to publish ‘mid-term’ economic review on gambling sector impacts

Amid continuing declining revenues for its casino sector, the Macau government will publish its mid-term economic review undertaken by Economic & Finance Secretary Leong Vai Tac. The Vai Tac review which began in May aims to research the overall effect of Macau’s biggest sector on the provinces economy and its potential recovery. The mid-term review focuses on eight key topics …

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No Deal! Contagious Gaming & Sportech end buyout negotiations

Canadian gambling investment firm Contagious Gaming has confirmed that it will not make a bid to acquire UK betting pools technology provider Sportech Plc. Contagious Gaming issued a corporate statement alerting markets and the media of its decision to withdraw its interest in the Liverpool based operator. Sportech also issued an announcement declaring that it had not received a proposal …

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Bookmakers Technology Consortium to take Inspired virtuals

Inspired is to supply its full Virtual Sports product suite to the members of the Bookmakers Technology Consortium (BTC). The BTC represents 50 independent bookmakers in the UK, Ireland, Isle of Man and the Channel Islands, including Jennings, Chisholms and Corbett Bookmakers. As part of this agreement, Inspired will give each bookmaker access to its full range of Virtual Sports …

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British horseracing pulls together with new tripartite structure

British horseracing is entering another new era after agreeing a tripartite structure for governance of the sport. In what it is describing as ‘a landmark moment in the history’ of British Horseracing, the industry’s major stakeholders have signed a Members’ Agreement, which in theory allows it to act in a unified manner, with the major stakeholders making strategic decisions for …

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Scottish councils given a nudge over their licensing functions

The UK Gambling Commission has published an update to its advice note – The Role of Authorised Persons – Scotland – to communicate the regulator’s view on Authorised People to local councils and authorities north of the border. UKGC comments that authorised persons in Scotland – including police officers and officers of licensing authorities – have an important role to …

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Bookmakers celebrating 100/1 Melbourne Cup winner

Bookmakers were cheering yesterday after the Melbourne Cup was won by 100/1 shot Prince Of Penzance, the longest winner in Australia’s most famous race since 1940. It is also the first time a female jockey has ridden the winner in the race’s 155-year history, giving Michelle Payne the opportunity to speak out over the sexism she has encountered. “It is …

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Police moved to issue warning over lottery scams

Thames Valley Police has moved to highlight its concerns about fake lottery scams and has asked the public to remain vigilant after an elderly couple were defrauded of more than £25,000. Police are warning people not to respond to any communications claiming they have won a lottery, sweepstake or any other prize draw, and to remain vigilant against fraudsters. The …

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SG Gaming adapting WMS games for UK market

SG Gaming, part of the Scientifc Games Group, has released a variety of new B3 and Cat C titles to LBO customers in the UK. The new releases see the firm leverage further the games design expertise within the wider Scientific group as it looks to capitlises on already proven and popular game brands. The new releases include Spartacus, a …

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