Retail

US sport leagues oppose New Jersey sports betting

The four major US sports leagues (NHL,NFL,NBA,MLB) and the NCAA have filed a federal court motion to block  New Jersey sports betting in licensed state gambling enterprises (casinos and racetracks). A statement by the sporting leagues was sent to US news media outlets, reporting that the leagues had asked for federal courts to block any actions which favoured sports betting …

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UK bookmakers protest proposal of local planning permissions

UK bookmakers have asked the government to review planned proposals that would require retail betting operators to apply for council planning permissions when opening up new high street retail branches. Under current classifications betting shops are classed under the same bracket as financial services and estate agents. UK retail betting operators currently are not required to apply to councils for …

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Peter Philips advises launch of China Jockey Club

Peter Philips, grandson of Queen Elizabeth has been hired by the Chinese Cultural Agency, to help the launch and promotion of a licensed horse racing industry for China. Philips has been announced as part of a lead group of consultants that will share knowledge on how Chinese gambling and business authorities can operate a successful licensed horse racing industry. At …

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Brighton & Hove Albion shows half time horse racing

Horseracing broke new ground at Brighton & Hove Albion Football Club on Saturday, when the £160,000 Ayr Gold Cup was shown at half-time during the Club’s Sky Bet Championship clash with Blackpool – a trial which was hailed a resounding success. In conjunction with the Football League’s title sponsor, Sky Bet, Scotland’s most famous Flat race was broadcast by Racing …

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New Jersey officials propose 0.25% tax on sport betting wagers

New Jersey state officials have proposed adding a 0.25% tax on all sports wagers made within licensed state gambling enterprises. The proposed measures have been put forward in order to subdue corporate concerns regarding  sports corruption and match fixing. The proposal for 0.25% on sports wagers was penned by  Atlantic County state Senator Jim Whelan and New Jersey representative Vincent …

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Racing UK re-launches enhanced international service with 7 day catch-up

International residential subscribers to leading horseracing broadcaster, Racing UK, can now view via a multi-platform, live streaming and seven-day catch-up service, courtesy of Simplestream. Racing UK shows top-class horseracing from 34 racecourses in the UK, including the likes of, Aintree, Ascot, Cheltenham, Epsom and Newmarket. The enhanced service enables viewers to subscribe to watch Racing UK live and on-demand, across …

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GTECH amends IGT acquisition terms

Lottery and gambling technology providers GTECH SpA amended the payments terms of its $4.7 billion acquisition of International Game Technology (IGT). GTECH eliminated the terms which allowed investors to choose between all stock or all cash for holdings in IGT. The price of purchase set at $18.25 per share will be paid by GTECH offering $13.69 per share cash, plus …

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OPAP wins Greek horse racing tender

Greek state gaming and sports betting monopoly OPAP, has won the rights to operator horse racing betting in Greece. The decision to award OPAP was undertaken by the Hellenic Republic Asset Development Fund (HRADF), after it had opened Greek Horse Racing to a competitive tender. Greek news reports have stated that OPAP, had won the tender by submitting an offer …

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Grupo Codere restructures debt with creditors & shareholders

Embattled Spanish gambling operator Grupo Codere has reached a financing agreement  with shareholders and creditors that will see a restructuring arrangement for its €1.1 billion  (£850 million) debt. Spanish business news source stated that bondholder had taken control of Codere operations and assets, making it feasible for the operator to reach new financing terms. The deal was reached with 80.2% …

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Racing Levy Board agrees Levy Scheme for 2015/16

The Horserace Betting Levy Board members have approved unanimously the Recommendations from the Bookmakers’ Committee for the terms of the 54th Levy Scheme (1st April 2015 to 31st March 2016). The Bookmakers’ Committee’s estimate of 54th Levy Scheme yield, added to Betfair’s estimated £7.8m contribution, is £74.3m. The Bookmakers’ Committee estimates that the current (53rd) Levy Scheme in 2014/15, inclusive of …

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