Retail

The governance of FTSE100 betting group Paddy Power Betfair Plc (PPB) has restated its support of the government’s £2 cut on FOBTs machine wagering. Issuing a corporate update, following yesterday’s DCMS triennial review judgement, PPB governance stated that the drastic FOBTs cut would not change the firm’s UK retail strategy. Updating the market, PPB estimates a 33-43% decline in total machine …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …