Retail

IGT appoints emerging markets expert Beatrice Bassey as a corporate advisor

New York-listed gambling technology and lottery systems supplier IGT Plc has moved to strengthen its corporate governance and general counsel by confirming the appointment of Beatrice H. Bassey as an independent advisor. The strategic appointment of Bassey will see the executive counsel IGT governance on group legal oversight and support the firm’s executive leadership team on ongoing compliance directives related to …

Read More »

Greyhound racing suspended following COVID-19 lockdown

acceptphoto / 123RF Stock Photo

Greyhound racing has become the latest sport in the UK to be suspended due to the ongoing COVID-19 pandemic, with the decision coming into effect as of today. The suspension, confirmed by the Greyhound Board of Great Britain (GBGB), follows on from Boris Johnson’s package of new restrictions on travel and social engagements which will be reviewed in the next …

Read More »

IGT names Max Chiara as inbound Group CFO

IGT has concluded its four-month executive search after confirming the appointment of  Massimiliano ‘Max’ Chiara as its new Group Chief Financial Officer (CFO), effective from 6 April 2020. Max Chiara will replace long-term CFO Alberto Fornaro, who ended his nine-year tenure leading IGT’s financial units last December, joining South Korean e-commerce retailer Coupang Group.  Updating investors, IGT has stated that …

Read More »

Racing APPG calls for government support in ‘uncertain times’

The All Party Parliamentary Group for the Racing and Bloodstock Industries has urged the government to play a role in ‘securing the future and sustainability’ of the sport after the COVID-19 outbreak brought about widespread disruption. In a letter signed by Conor McGinn MP and Laurence Robertson MP, the APPG has emphasised its support for the ‘difficult but correct decision …

Read More »

Sportech boosts commercial muscle by appointing Ben Warn as Non-Executive Director 

International racing and wagering systems provider Sportech Plc has expanded its leadership after confirming the appointment of Ben Warn as a Non-Executive Director.    With 20 years experience as an industry executive, Warn has led product and consumer strategies for a number of tier-1 betting companies such as Sky Bet, Rank Group and UKbetting Plc. Prior to joining Sportech, Warn also served …

Read More »

UK Government announces temporary closure of betting shops and casinos

Following the latest set of unprecedented guidelines issued by the UK government to combat the spread of the Coronavirus, betting shops and casinos will be forced to close their doors with immediate effect for a period of two weeks, pending further review.  The news comes as the Prime Minister confirmed the UK was elevating attempts to flatten the impending Covid-19 …

Read More »

BHA outlines plans to resume racing ‘at the earliest possible opportunity’

British Horseracing Authority (BHA) CEO Nick Rust has emphasised that ‘racing will not be beaten’ by the COVID-19 pandemic which has resulted in the widespread cancellation of race meetings across the UK. Issuing a statement on the outbreak, senior executives from the BHA, Racecourse Association (RCA), National Trainers Federation (NTF) and the Racehorse Owners Association (ROA) have published the details …

Read More »

Codere secures €20m loan to safeguard Mexico unit

Bolsa Madrid gambling group Codere SA has informed investors that it has secured a further €20 million loan which will support its Mexican business unit.  Sanctioned on Friday 13 March, Codere governance secured access to an additional MXN 500-million-peso bond (€20 million) with debt terms set for maturity in 2025.   Updating investors, Codere stated that the loan has been sanctioned …

Read More »

Colossus Bets backs Central Park sweepstakes

Following the decision to move greyhound racing behind closed doors, pool betting operator Colossus Bets has backed a number of kennel sweepstakes events at Central Park. Starting next week, heats will be staged on the Kent track’s SIS-covered Monday and Tuesday cards with the finals live on RPGTV on Sunday night. The operator was initially due to sponsor the longstanding …

Read More »

UK Gambling not eligible for emergency business rates relief

In light of Chancellor Rishi Sunak’s package of new measures to support UK businesses during the COVID-19 pandemic, it has since been confirmed that betting shops and casinos will not qualify for relief in business rates. Backed by PM Boris Johnson, Sunak announced that the Treasury department had reserved £330 billion in business loans (equivalent to 15% of GDP) to …

Read More »