Retail

The governance of Rank Group Plc has this morning disclosed the pending appointment of William ‘Bill’ Floydd as new Chief Financial Officer (CFO). Joining the company on 12 November, Floydd is set to replace Clive Jennings as group Financial lead. Floydd joins Rank’s executive team from FTSE100 financial information/data provider Experian Plc, where he served as CFO for the UK …

Industry workplace diversity, inclusion and equality program ‘The All-in Diversity Project’ (All-in) has announced its latest strategic partnership with the Sports Trading Network (STN). STN is regarded as sports betting’s largest professional network of traders, offering sports modelling, data and insights for all global sports markets. Updating the market, STN and All-in have partnered to launch a new industry-wide Sports …

New York-listed gambling technology and lottery systems provider International Game Technology PLC (IGT) has revised its full-year 2018 earnings expectations, publishing a better than anticipated Q3 2018 trading update (period ending 30 September). Updating the market, IGT governance details solid lottery performance, combined with improved gaming KPIs which have helped the company deliver a 3% increase in adjusted EBITDA to $443 …

Spearheaded by the Irish Bookmakers Association (IBA), the Irish betting sector is uniting with the British gambling industry to take part in Responsible Gambling Week 2018, making it the biggest ever event of its kind in both countries. The event, which will run for the first week of November, will be supported by more than 800 bookmakers and head offices …

Caesars Entertainment has unveiled the growth of its US sports sponsorship portfolio, confirming deals with the Philadelphia 76ers, New Jersey Devils and the Prudential Center. The landmark partnerships aims to make Caesars Entertainment’s new sportsbook a key feature in the matchday of both sports franchises, with the experience now available at two of its Atlantic City properties and The Caesars …

The executive of the Principality of Andorra has confirmed that it will require a month to review the complaint placed by European gambling operators against the issuing of the nation’s sole casino license to regional enterprise Jocs SA. Yesterday, Antoni Marti first minister of Andorra confirmed that the casino tender complaint put forward by European operators – Casinos Austria, Genting …

The Tote consortium and Britbet have reached a £50 million seven-year agreement to significantly elevated pool betting in the UK. The deal which will commence immediately, follows constructive discussions between the Tote consortium, made up of Betfred and Alizeti who are the current owners of the UK Tote, and Britbet, marks a significant landmark in progress for Tote betting within …

London-listed racing and wagering systems provider Sportech Plc has confirmed the resignation of Richard Cooper as a Non-Executive Director, effective from 31 October. Cooper, the former Group Director of Finance for FTSE gambling group GVC Holdings (2008-2016), had served Sportech Plc as a governance advisor since 2017. As a corporate advisor, Cooper further held the position of Sportech’s Chairman of …

The UK government has released its policy paper supporting the 2018 Budget, detailing the Treasury’s fiscal planning, monetary policies and industry/commercial duties. The update confirms that the government will implement its long-awaited FOBTs £2 stake reduction from October 2019, a directive that will cost the Treasury £270 million in lost tax revenues by 2023/24. Making up for tax shortfall, the …

Four European gambling operators have demanded that the Andorran government suspend its pending casino licence, granted to regional enterprise Jocs SA. Citing a number of ‘grave tender process indiscretions’, Casinos Austria, Genting Group, Partouche France and Grupo CIRSA have ordered that Andorra’s government fully nullify its casino licence approval, awarded to Jocs SA last May. Seeking to support its tourism …