Retail

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

Under the banner ‘Together for the Tote’, investment consortium Alizeti has unveiled the executive management team which will seek to revitalise the Tote’s racing pools betting proposition. Led by racing financier Alex Frost, last May Alizeti secured a 25% stake in the Tote, valued at approximately £150 million with a further option to acquire 100% of the legacy operator in future transactions. …

Australia ASX-listed Tabcorp Holdings has undertaken a series of ‘Executive General Management’ appointments seeking to strengthen its leadership team, following the firm’s merger enlargement with main market rival Tatts Group plc. Last week Tabcorp governance confirmed the appointment of Luke Waldren from online competitor  Sportsbet.com.au (Paddy Power Betfair) as new Executive General Manager of Group Marketing. The ASX enterprise details …

Grupo Cirsa and Ladbrokes Spanish market joint-venture Sportium has announced that it has reached a milestone 3,000 active betting points within Spain. The bookmaker details that it has managed to significantly expand its betting-point inventory, partnering up with Spanish arcade and leisure firm Grupo El Dorado, boosting its retail network. The El Dorado partnership has seen Sportium expand its in-store …

The plunging Argentine Peso has impacted the performance of Bolsa Madrid gambling firm Grupo Codere, which has reported exchange rate losses of €22.5 million, publishing its 2018 interim results (period ending 30 June). Updating investors, Codere governance details that corporate performance has had to adjust to Argentina’s ongoing monetary crisis, which has seen the ARG Peso decline almost 50% against …

Marc Etches, Chief Executive of industry charity GambleAware, has backed NHS England Chief Executive Simon Stevens’ call for better funding of problem-gambling prevention and treatment by betting and football stakeholders. Addressing the Health & Care Expo in Manchester, Stevens detailed that the NHS governance viewed compulsive gambling as ‘a new threat facing its organisation’. Leading NHS England, Stevens detailed concerns related …

An award winning virtual sports developer is hoping to breathe fresh life into the UK betting market after obtaining a supplier licence from the Gambling Commission. Golden Race, which won last year’s SBC Award for Best Virtual Football Product, believes its product suite can revolutionise the UK market thanks to its development and low-cost distribution model. The virtual sports provider …

The UK Gambling Commission (UKGC) has today published its ‘combined Health Survey’, detailing data and insights provided by independent non-profit organisation – NatCen Social Research. The Health Survey focuses on three key research areas; gambling participation, at-risk and problem-gambling rates across the UK, with data gathered from public health records drawn during 2016. “The main aims and objectives of this …

French state-owned racing operator Pari Mutuel Urbain (PMU) has announced the appointment of Antoine Levan as new Marketing Director. Levan joins PMU leadership, from French household appliances manufacturer Conforama where he held the position of Director of Marketing & Communications (2016-2018). Furthermore, Levan serves on the Board of Directors for French media/advertising trade body ‘Le Club des Annonceurs’.   Confirming the appointment …

Updating the market, the UK Gambling Commission (UKGC) is set to launch series of ‘Manchester workshops’ seeking to help ‘nationwide smaller licensed gambling operators’ improve responsibility, consumer safety and integrity standards. The workshops will be held at the Performance Spaces Central Library and will be further supported by Manchester City Council. The specialist programme will focus on ‘common compliance findings, tackling …