Retail

BHA backs government’s ‘industry judgement’ as DCMS seeks to extend Racing Levy’s reach

SBC News BHA backs government's 'industry judgement' as DCMS seeks to extend Racing Levy's reach

The British Horseracing Association (BHA), the regulatory body for UK racing has welcomed the government’s betting industry triennial review judgement. Despite the far-reaching impacts of the government’s decision to cut FOBTs machine wagering to a £2 limit, and further increase UK remote betting/gaming duties to offset treasury tax shortfalls, the BHA supports the industry changing decision. “The British Horseracing Authority …

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Scientific Games recruits tech-pro Doug Albregts as new Group Gaming lead

SBC News Scientific Games recruits tech-pro Doug Albregts as new Group Gaming lead

Nasdaq-listed industry technology group, Scientific Games Corporation (SGC), continues its executive management restructure, confirming the appointment of Doug Albregts as Executive Vice President (EVP) & Group Chief Executive Officer of SGC’s Gaming Division. A mass-market US technology veteran, Albregts joins SGC’s executive team from Japanese multi-national firm Sharp Electronics, where he most recently served as Chief Executive of its North …

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William Hill predicts ‘unprecedented’ change will see 38% of shop estate unprofitable

SBC News William Hill predicts 'unprecedented' change will see 38% of shop estate unprofitable

William Hill has updated the market on the back of the Department for Digital, Culture, Media and Sport (DCMS) decision to reduce the maximum stake on B2 games from £100 to £2. Given the Government has specified its intended outcome, William Hill said it is providing preliminary guidance on the potential impact in order to help investors and analysts with their …

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Online taxes to rise as FOBT stakes slashed to £2 despite evidence

SBC News Online taxes to rise as FOBT stakes slashed to £2 despite evidence

The government has rejected advice from the Gambling Commission and the Responsible Gambling Strategy Board (RGSB) and cut stakes on B2 Gaming Machines – FOBTs – down from £100 to £2. The announcement was made this morning by DCMS minister Tracey Crouch and could have wide repercussions for the retail betting industry, horseracing and online gaming operations. Both William Hill CEO Philip …

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Domino effect… CGA wants Canada to pop next for sports betting

SBC News Domino effect... CGA wants Canada to pop next for sports betting

Canada’s pro sports betting lobby has been reinvigorated by this week’s US Supreme Court repeal of PASPA federal laws. Following Monday’s SCOTUS judgement, the Canadian Gaming Association (CGA) issued a fast response welcoming PASPA’s repeal, which will open the US to state-sanctioned sports betting. CGA governance will now push Canada’s governing Liberal Party, to review the nations gambling code following …

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SIS adds Korean racing to its overseas stable

SBC News SIS adds Korean racing to its overseas stable

The Korean Racing Authority has agreed a deal with Sports Information Services (SIS), which will see live coverage of the action from its Busan and Seoul racecourses be broadcast. Beginning this week (Friday May 18), the agreement will enable SIS to provide pictures and data to retail and online bookmakers in the UK, Ireland and Spain, from 1,680 Korean races …

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Home Run… Chris Christie achieves lifetime goal as PASPA is finally beaten

SBC News Home Run... Chris Christie achieves lifetime goal as PASPA is finally beaten

Yesterday’s Supreme Court ruling to overturn PASPA’s federal mandate sees former New Jersey Governor Chris Christie complete a career-defining goal. Christie tweeted his delight at yesterday’s Supreme Court repeal of Paspa. A great day for the rights of states and their people to make their own decisions. New Jersey citizens wanted sports gambling and the federal Gov’t had no right …

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