Retail

All the news form the retail betting sector

Online performance boosts Gala Coral’s quarter

Gala Coral has bucked a trend by announcing good trading figures for the group’s third quarter period, ending 4 July. Net Revenue of £305.0m was 6% ahead of last year, and EBITDA of £65.7m was up 8%, boosted by continued growth in Online and Gala Retail. The figures are despite the £7.2m extra costs of gaming machines caused by an …

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Tatts Group marks UBET future expansion for retail betting performance overhaul

Tatts Group CEO Robbie Cooke, has outlined that the unifying UBET brand and operations, will be the key driver of Tatts Group future corporate growth. Presenting 2014/2015 year end results (period ending 30 June), Tatts group posted net profits of AUS $252 million (£117 million) up 25% on the corresponding years performance of AUS $200.4 million. Driven by record sales …

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“Done Deal” for Labour as Paddy Power pays out early on Corbyn victory

Paddy Power has announced another early political pay-out, as the bookmaker confirmed that it had cashed out + £100,000 on Jeremy Corbyn winning the Labour Leadership Election. Releasing a statement to the UK media, the bookmaker reported that it had closed the political market with almost a month of party member voting left (results will be announced on 12 September). …

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Donaco International forms international marketing partnership with Manchester United

Asian focused casino and leisure operator Donaco International Limited has announced an international marketing partnership with Premier League football club Manchester United. Manchester United are set to promote Donaco resorts in Thailand, South Korea, Cambodia, Vietnam and Laos to its +300 million worldwide fan base. Donaco governance stated that its company would support Manchester United international coverage, operations and social …

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Red Alert – Devalued ¥uan threatens whole Asian gambling sector

Last week’s unexpected devaluing of the Yuan by the People’s Bank of China’ will likely have negative impacts throughout Asia’s casino and leisure industry, according to numerous Asian business analysts. Aimed at stabilising the national economy and maintaining growth and employment rates, the devaluing of the Yuan is thought to represent China’s largest depreciation its ¥. currency for twenty years …

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Fortuna Entertainment re-hires Michal Hanák as Chief of Sports Betting

Eastern European sports betting and gambling operator Fortuna Entertainment has announced that it has re-hired Michal Hanák as its Chief Sports Betting Officer, as the operator looks to strengthen its presence and services within core markets. Hanák re-joins Fortuna Entertainment having served as Head of Trading and as a member of the operator’s board from 2005-2012. From 2012-2015 Hanák would …

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Genii scores with Altenar inventory extension partnership

Gambling technology provider Genii has announced an agreement to integrate its extensive range of casino games to Altenar’s fully managed gaming solution. The agreement will bolster Altenar’s mobile and desktop casino offering with Genii’s portfolio of over 130 games, headlined by its new, unique Spin 16 product range.Utilising the full area of touchscreen devices, Spin 16 uses patented technology that …

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Contagious Gaming confirms interest in Sportech takeover interest

Following last Friday’s news reports that sports betting and racing technology firm Sportech had entered merger talks with Canadian firm Contagious Gaming. This morning the Toronto TSX Venture listed Contagious Gaming confirmed that it had entered talks with Sportech regarding a potential merger for the formation of “combined, technology-focused, sports wagering company”. Contagious Gaming stated that it had made its acquisition intentions under …

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Sisal Matchpoint furthers Serie A Presence with AS Roma partnership

Italian licensed sports betting operator Sisal Matchpoint has announced that it agreed terms to become the official betting partner of AS Roma for the upcoming Serie A season 2015/2016. The conformation of the betting partnership. comes just days before the start of the Serie A season, which kicks-off this Saturday 22 August with the Giallorossi (AS Roma nickname) taking on …

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Australian FCA urges for ban on bookmaker credit lines

South Australian Senator Nick Xenephon wants Australia’s financial authorities to ban g credit lines facilities being offered to national consumers. A new report released on Monday calls for a blanket ban on online betting companies extending credit to gamblers, including accepting credit cards as a form of payment. The senator supported by the Australian Financial Counselling (FCA) has warned government bodies that …

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