As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …
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Colombian trade body AsoJuegos appoints Dr Restrapo as new President
Colombian industry trade body, AsoJuegos has confirmed the appointment of Dr Juan Carlos Restrapo as its new Executive President. The former senator will represent the interest of Colombian industry stakeholders, both domestic and international within the nation’s newly reformed gambling framework. A seasoned political operator, Restrapo has formerly served as a 16-year representative for Colombia’s Cambio Radical (Economic liberal) party. AsoJuegos’s …
Read More »GVC Holdings to unveil ‘MGM Masterstroke’ next week
Sky News has this morning reported that FTSE-listed gambling group GVC Holdings is set to unveil it’s $/£ multi-million US strategic partnership with MGM Resorts International next week. According to city insiders, GVC governance is finalising plans on a long-term 50-50 joint venture with MGM Resorts, considered the US’ largest casino operator. Both parties will commit an initial $100 million …
Read More »Ascot attendees to get tipping advice courtesy of Racing Post
Attendees at one of Britain’s premier racecourses can now benefit from a wide variety of expert advice, courtesy of a fresh link-up between Racing Post B2B and Ascot Racecourse. Coinciding with the launch of Bet With Ascot, the racecourses pool betting operation in partnership with Totepool, Racing Post’s tipping expertise, in the form of bet prompts and predictors, can be …
Read More »Bookmakers could be set for substantial FOBT payout
Fixed Odds Betting Terminals (FOBTs) have returned to the news once again, after a first-tier tribunal found in the favour of bookmakers, which could potentially see them rake in a billion pounds in paid VAT from 2005 to 2013. The original decision by the tribunal deemed that Category B2 games should have been VAT exempt from 2005 to 2013, after …
Read More »British Racing reveals increase in meetings for 2019
Publishing its 2019 Fixture List, British Racing has outlined a slight increase in the number of race meetings in 2019. The announcement comes after a unanimous agreement from the British Horseracing Authority (BHA), Racecourse Association (RCA) and Horsemen’s Group, as well as the approval by the BHA Board. It has emphasised that the focus in compiling the 2019 Fixture List …
Read More »Sportradar expands Asia HQ in Singapore
Multinational sports data and media rights firm Sportradar has moved to expand its Asian operations, opening a new 2,800-sqft office in the heart of Singapore. The Singapore office will support a number of new Asian partnerships secured by the technology group in 2017 and 2018, which include: the Asian Football Confederation (AFC), the Philippines Basketball League (PBA), Liga Indonesia, the …
Read More »Playtech ‘squeeze-out’ marks final days of Snaitech as a Borsa Milan enterprise
Updating the market, FTSE250 technology group Playtech Plc has confirmed that it will ‘squeeze-out’ the remaining minority 3.5% shareholding in Snaitech SPA, moving to obtain the full operating equity of the Italian betting group. Following the closure of its £845 million acquisition of Snaitech (deal officially completed in June 2018), Playtech currently holds 96.5 % stake in the Milan-listed enterprise. Playtech’s …
Read More »William Hill appoints ‘Media Pro’ Sharon Otterman as US marketing lead
FTSE-listed betting group William Hill Plc has confirmed the appointment of Sharon Otterman as Chief Marketing Officer (CMO) of its US division. A seasoned media executive, Otterman joins William Hill US senior leadership team from The Madison Square Garden Company, where she held the position of Executive Vice President for Marketing, leading the digital strategies of MSG venues and their …
Read More »Gamenet aims for Italian top spot with €265 million acquisition of GoldBet
Italian gambling group Gruppo Gamenet SPA has today signed a ‘binding agreement’ to acquire a 100% share capital in betting operator GoldBet offering a deal-value of €265 million (£240 million) Updating the market, Gamenet will move to acquire outright Goldbet’s 990 Italian betting points, and will further gain the firm’s related digital properties. At present, Goldbet is considered Italy’s biggest …
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