Retail

UKGC outlines changes to LCCP following open consultation

The UK Gambling Commission (UKGC) has outlined a number of new licence conditions and codes of practice (LCCP) following an open consultation with the wider industry.  The new LCCPs will look at ‘raising standards for alternative dispute resolution (ADR), strengthening requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms, and …

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Veikkaus ‘poor taste’ triggers debate on ‘Phase 2’ of Finnish gambling reforms

Debate on reforming wholesale Finnish gambling laws has arisen, as state-owned monopoly Veikkaus suspends its advertising activity until the end of September, implementing a full scale review of its marketing strategy. Veikkaus’ latest marketing campaign, which depicts a ‘therapist character’, advising patients that ‘cravings for thrills and winnings are normal behaviour’, has been chastised for mocking Finnish mental health services, …

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Flutter sees 24% drop in profits bitten by global regulatory demands

Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …

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Racing attendance boosted by 2% according to HBLB figres

Recent figures published by the Horserace Betting Levy Board (HBLB) have shown that interest in british horseracing has continued to grow, as both total and average attendance for the first half of 2019 Figures have indicated that there has been a two per cent rise in attendances, with total attendance reported to be 2,801,512. Average attendance per fixture has also …

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Racing trio launches ‘AllSported’ JV aiming for ‘racebook excellence’

Seeking to bring new innovations and dynamics to racing markets, new joint-venture ‘AllSported’ has been formed by racing stakeholders TXODDS, Banach Technology and the Racing Post. Combining the firms’ knowledge and expertise in racing trading and technology development, the triumvirate have worked together to deliver a ‘racing-specific trading solution’. The AllSported JV sees TXODDS act as lead feed supplier of …

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BHA makes minor cuts to racing calendar in 2020 fixture list

The British Horseracing Authority (BHA) has confirmed that it will be making minor cuts to the upcoming 2020 fixture list, despite a number of concerns over long-term betting levy contributions.  As the anticipated number of betting shop closures is expected to hit levy contributions hard, the BHA has been placed in a difficult position of maintaining a balance between the …

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RMG optimistic following glorious Goodwood success

The partnership between Racecourse Media Group (RMG) and Goodwood Racecourse led to the successful broadcasting of last week’s Qatar ‘Glorious’ Goodwood Festival.  The five-day meeting, which was broadcast worldwide, had attracted additional interest from North America, and with the sport seemingly growing in popularity in that region of the world, organisers are hoping the increased interest continues. When asked about …

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CIRSA orders Catalan makeover to complete Giga Games acquisition

Following a review by Spain’s Competition & Markets Commission (CNMC), Grupo CIRSA has been ordered to restructure its Catalonian commercial presence in order to complete its acquisition of slot machine and arcade hall operator Giga Games. CNMC has ordered CIRSA governance to dispose of two of its Barcelona bingo halls, whilst further demanding that the Blackstone owned gambling group ‘terminate …

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Swedish FA clashes with Spelinspektionen over match fixing inaction

The Swedish Football Association (SvFF) has hit back at the country’s gambling regulatory body Spelinspektionen for not prohibiting licensed operators from offering betting on a domestic football club competition – despite its warning of some suspected match-fixing. Last month, the SvFF revealed that it had received reports of match-fixing within Division 2 Södra Svealand, advising the Spelinspektionen to implement a complete ban on …

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Codere ‘advisory appointment’ rustles political feathers

Bolsa Madrid gambling firm Grupo Codere SA has caused controversy with its appointment of former Spanish Justice Minister Rafael Catala as a corporate advisor. Codere has stated to Spanish media that Catala a figurehead of Spain’s Partido Popular (Conservative Party) and former board member of the company between 2005-2011, will act as a ‘legal and regulatory advisor, with no executive …

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