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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GVC Holdings rules out judicial review of FOBT decision despite £160m hit
GVC Plc, the owner of Ladbrokes Coral, has appealed for time to implement the new £2 stake for B2 Gaming Machines, given that it will cost the company £160m as soon as the cut is implemented, and said that it does not intend to seek a judicial review of the DCMS‘ decision. In an update to the stock market, the …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »Yorkshire Cup continues MansionBet sponsorship push
Online sportsbook and casino brand MansionBet has been announced as the title sponsor of two high profile race York Racecourse, as it continues a concerted push across the world of sports sponsorship. A part of the Mansion Group portfolio, the sponsorship begins with the MansionBet Yorkshire Cup taking place on Friday May 18 at 15:30pm, and will be following by …
Read More »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 …
Read More »ARC partners with RaceTech for HD horseracing coverage
The Arena Racing Company (ARC) has appointed RaceTech to provide its outside broadcast facilities, in a move which will see the new service coincide with the launch of Sky Sports Racing. Appointing the company to provide High Definition (HD) coverage of all horseracing fixtures from 1 January 2019, ARC also details that HD images are to be broadcast to independent …
Read More »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 …
Read More »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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