Retail

Nasdaq-listed industry technology group Scientific Games Corporation (SGC), has expanded its governance committee, confirming the appointment of Kneeland C. Youngblood as a new company director. An expert in large-scale financing projects, corporate recapitalisation and political stakeholder management, Youngblood will serve as an SGC advisor and member of the Nasdaq enterprises’ compensation and compliance committees. A qualified physician, Youngblood is the …

FTSE250 betting group William Hill Plc is set to undertake a major US recruitment drive, as corporate governance details that the company has significantly expanded its presence within Mississippi and West Virginia. On Friday, William Hill governance communicated that ‘subject to regulatory approval’, the company had agreed on lead sports betting supplier agreements with the following US casinos: Hard Rock Casino Hotel …

FTSE-listed Playtech Plc has confirmed that its sports betting subsidiary Playtech BGT has successfully completed the roll-out and systems upgrade for OPAP, Greece’s largest gambling operator. Updating the market, Playtech BGT completes its OPAP terminal delivery and systems upgrade project first announced in September 2017. OPAP’s entire 4,000 Greek retail betting premises will be powered by Playtech BGT modules, supplying …

FTSE bookmaker William Hill will settle exceptional charges and adjustments of £916 million, including a ‘£882 million non-cash impairment’ for its Retail division, as governance adjusts to the UK government’s Triennial Judgement reducing wagers on FOBTs machines to £2. Publishing its half-year 2018 results (26 weeks ending 27 June), William Hill governance has pre-booked corporate losses of £916 million, which …

The Hong Kong Jockey Club (HKJC) has confirmed the appointment of Raymond Tam Chi-Yuen as Executive Director of Corporate Affairs. The former Minister of Hong Kong for mainland China is expected to join the legacy racing operator on 15 August, taking leadership of HKJC corporate communications, governmental stakeholder guidance and wider corporate affairs. HKJC further details that Chi-Yuen will work …

New Paddy Power Betfair’s US subsidiary FanDuel has announced that it has entered a strategic partnership with multi-state casino and leisure group, Boyd Gaming Corporation. Updating the market, FanDuel is set to become the lead sports betting and online gambling services provider for Boyd Gaming, a New York-listed gambling group which is set to significantly bolsters its US land-based presence …

A new look Scientific Games Corporation (SGC) announces its second quarter 2018 results, reporting revenue growth across its core divisions of gaming, lottery and digital services. Updating the market on Q2 2018 trading (period ending 30 June), SGC reports a 10% uplift in group revenues to $845 million (Q2 2017: $766 million). The Nasdaq-listed enterprise maintains its period revenue growth, …

MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …

FTSE250 gambling technology group Playtech Plc has confirmed the departure of Paul Hewitt as a corporate non-executive director. A veteran in corporate financing Hewitt joined the FTSE enterprise in 2015, advising Playtech governance and leadership on capital structures, large-scale growth planning and M&A strategies. Hewitt is set to join the board of UK consumer finance and insurance group Provident Financial …