Retail

Paddy Power confirms Gary McGann as new Chairman

Ahead of today’s Annual General Meeting, Paddy Power announced that retiring Smurfit Kappa CEO Gary McGann will become the operators new Chairman, replacing the outgoing Nigel Northridge who will step down from the company board at the end of June. Last week Irish business news reports had speculated that McGann would be the strong favourite to replace Northridge who has …

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IGT acquisition impacts GTECH Q1 2015 operating income

International Game Technology Plc (IGT) governance has presented separate results for GTECH SPA and IGT (legacy) divisions, due to the completion of its merger on 7 April. On Tuesday IGT Plc, released Q1 2015 trading update for GTECH operations GTECH reported key metric growth in revenues of 3% to €807 million (Q1 2014: €780 million), which had been supported by …

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BetConstruct to unveil Asian View Sportsbook at G2E Asia

Industry technology developer BetConstruct, provider of online and land-based betting and gaming solutions and services, announces that it is now offering a localised version of its industry leading Sportsbook that will appeal to the wider audience in Asia and to players who prefer an Asian View to their Sportsbook. The  BetConstruct Asian View Sportsbook will be unveiled during the G2E Asia …

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Bookmakers present three-horse race for Labour Leadership

Following last week’s disastrous UK General Election which saw the Labour Party post a 9% decline in constituency seats to 232 (2010 Election: 256). The left-wing political party must now tackle the critical choice of who will be its leader following the departure of Ed Miliband. Less than a week since the conclusion of the UK General Election (7 May), …

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Sportech Plc rejects Football Pools acquisition bid

Sports betting wagering and systems operator Sportech has announced in its latest trading update that it has rejected a takeover bid for its Football Pools division. Last week The Times UK broke the news that Sportech governance was reviewing a takeover bid for the Football Pools. Sportech released the following corporate statement with regards to the bid “Following recent media …

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Cameron cabinet reshuffle sees John Whittingdale appointed as Culture Secretary

Following Prime Minister David Cameron second term cabinet reshuffle, John Whittingdale the current Chair of the House of Commons Culture , Media and Sports Committee has been appointed UK Culture Secretary replacing Sajid Javid.   Whittingdale who will take on the government’s media, cultural and sporting initiatives will work closely with the UK Gambling Commission (UKGC) on political concerns regarding …

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Inspired Gaming Virtual Sports enters Nigeria with Surebet247

Inspired Gaming has announces that its Virtual Sports product is now live in Nigeria across  retail venues via a satellite TV feed. Surebet247  Nigeria has over 1,900 betting shops.The operator has launched nine of Inspired’s Virtual Sports and games – horses, dogs, cars, speedway, cycling, tennis, football, roulette and keno. Inspired’s Virtual Sports are already live in 1,100 of Surebet247’s …

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Synot agrees OPAP VLT services partnership

Czech Republic gambling provisions operator Synot Group has confirmed that it will supply 2,000 video lottery terminals (VLT) to Greek licensed gambling operator OPAP. Synot services have been selected to be one of four primary VLT suppliers for OPAP the Greek monopoly gambling operator. Commenting on the agreement Ivo Valenta, chairman of SYNOT’s board of directors, stated “We consider this …

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Shareholders criticise Ladbrokes over Richard Glynn pay-off

Shareholders at under-performing Ladbrokes have criticised the company’s corporate governance with regards to former CEO Richard Glynn executive remuneration and final compensation pay-off. Investor concerns regarding the former CEO’s compensation were put forward to Ladbrokes governance at the company’s annual general meeting held last Thursday. An estimated 40% of shareholders failed to back the remuneration policy for Glynn. The Guardian …

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IGT achieves highest iGaming vendor rating by Info-Tech Research Group

 International Game Technology , IGT Plc has been ranked as a Champion, the highest possible rating, in Info-Tech Research Group’s iGaming Platforms Vendor Landscape for the Gaming and Hospitality Research Center The Info-Tech Research Group’s Vendor Landscape reports recognize outstanding vendors in the technology marketplace. They assess vendors by the strength of their offering and their strategy for the enterprise, paying tribute to the …

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