Retail

All the news from the retail betting sector

BGC supports £6,000 per outlet ‘recovery grants’ but calls for further action

The UK government has announced that all non-essential services – including betting shops – will receive direct cash payments of £6,000 per site in ‘recovery grants.’ Chancellor of the Exchequer, Rishi Sunak, made the announcement ahead of the confirmation of the country’s national Budget this coming Wednesday. As part of the plans, a grant scheme totalling £5 billion will be …

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BGC demands reopening guarantees and no tax rises ahead of crucial budget 

The Betting and Gaming Council (BGC) has joined wider UK industries in calling for the HM Treasury to extend business rates relief and help the economy emerge from lockdown.  UK business currently waits for Chancellor Rishi Sunak to present his spring statement on Wednesday 3 March, when he will announce the Budget proposals for 2021, outlining the fiscal measures and …

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Grand National maintains dates against betting’s reopening interests 

The Jockey Club has confirmed that the Randox Grand National will maintain its schedule of 8-10 April despite the UK betting sector’s appeal for a change of dates to support the reopening of England’s betting shops on 12 April. Led by the Betting and Gaming Council (BGC), UK operators had urged the Jockey Club – owner of Aintree Racecourse – …

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Svenska Spel tracks Team SOK Olympic journey 

Svenska Spel has launched its new nationwide campaign ‘Om Supporterskap’ (‘Our Support’) highlighting its commitment to funding Swedish athletes competing in this Summer’s Tokyo 2021 Olympic Games.   Om Supporterskap has been co-developed as a nationwide campaign and documentary mini-series with Svenska Spel, following six Swedish Olympic Committee (SOK) athletes as they prepare to compete in Tokyo 2021. Since 2019, …

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New look Entain appoints Stella David & Vicky Jarman as corporate advisors

Entain Plc has this morning informed investors of new directorate changes governing the FTSE100 gambling group.  In an update to corporate stakeholders, Entain welcomed Stella David and Vicky Jarman as new independent non-executive directors. An expert in mass-market enterprise strategies, David is the former Chief Executive of heritage Scottish whiskey distillery William Grant & Sons (2009-2016) and has served as …

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Codere denies Novomatic interest in online business

Codere SA has rejected Spanish news reports that it has entered into negotiations to sell a majority 51% stake of its online gambling unit to Austrian conglomerate Novomatic. The Bolsa Madrid-registered gambling group instantly refuted a news article published by El Confidencial this morning, in which it was reported that the firm was reviewing a strategic offer put forward by …

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CIRSA stands by global portfolio despite €255 million loss

Grupo CIRSA, Spain’s largest gambling operator, has published its 2020 financial accounts, revealing group-wide operating losses of €255 million.  CIRSA, which is fully owned by US private equity fund Blackstone Group, cites that its financial performance had ‘rebounded’ during the second half of 2020 trading, as the company posted a better than anticipated full-year EBITDA of €126 million. Nevertheless, CIRSA …

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Betting shops could reopen on 12 April says Prime Minister

Betting shops could reopen on 12 April says Prime Minister

Betting shops are hoping to reopen their doors in mid-April after Prime Minister Boris Johnson laid out his ‘roadmap’ for the UK’s COVID recovery, with adult gaming centres, bingo halls and casinos scheduled to follow on 17 May. In a press conference last night, Johnson outlined his ‘cautious but irreversible’ four-stage COVID recovery plan where he set out provisional dates …

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National Lottery Fund grants £13.5m to UK heritage sites

The National Lottery Heritage Fund will provide £13.5 million in local grants through its ‘Heritage Capital Kickstart Fund’ to help revive 22 heritage sites across the UK impacted by the COVID-19 pandemic. Planned regeneration and maintenance projects from before the pandemic, which are facing delays or increased costs, can now resume thanks to this funding. The Heritage Capital Kickstart Fund is distributed …

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