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Further to announcing its corporate leadership change, Scientific Games Corporation (SGC) has today published its Q1 2018 trading update (period ending 31 March), detailing a number of financial restructuring adjustments. The Nasdaq-listed technology group reported a 12% increase in group revenues to $811 million (Q1 2017: $725 million), supported by revenue growth recorded across its core divisions – SG Gaming …

The yearly media rights revenues received by the 37 British racecourses affiliated to Racecourse Media Group (RMG), have increased by 9%  from the previous year to £93.1million. These payments, which are paid via licence fees and dividends, were derived from: Turf TV – betting shop service provider to licensed betting offices (LBOs), Racing UK (multi-platform subscription channel), digital (bet-to-view streams), GBI Racing (international …

Publishing its Q1 trading update (period ending 31 March), FTSE100 betting group Paddy Power Betfair (PPB) has reported a tough opening for 2018, as the firm’s corporate performance was impacted by several factors. Updating the market, PPB reports a 2% decline in group revenues to £408 million (Q1 2017: £416 million). The betting group detailed that its punters had been …

Racing and Greyhound content distributor Sports Information Services (SIS), has signed an extension to its deal with Jebel Ali, that will see the firm continue to provide exclusive pictures and data from the track. Under the terms of the new agreement, which will run from 2018/19 through to 2019/20, SIS will be enabled to continue its distribution of exclusive content …

Sky Sports is set to launch ‘Sky Sports Racing’ , which will replace ‘At The Races’ as the digital broadcaster’s dedicated horseracing channel. The new racing channel becomes the UK broadcaster’s eleventh ‘dedicated sports channel’, and will feature +650 UK fixtures as well as exclusive international racing content. Entering 2018, Sky UK confirmed that it would expand its racing content having taken …

Britbet has revealed details of some of its new bet types which will arrive on British racecourses this summer when the new pool betting operation launches. The pool betting operation has also outlined its ambition to deliver a flexible approach to take-out rates across their bet types for online Britbet customers. As well as the familiar win and place pools, …

US multinational private equity firm Blackstone Group has expanded its industry portfolio acquiring Spanish gambling operator Grupo Cirsa and its related assets. Deal stakeholders have chosen not to disclose financial terms, however Cirsa advisors have previously stated that the firm’s sale would target a €2 billion valuation. The Spanish operator’s outright sale has been mooted for a long time by …

The Jockey Club has announced 2017 figures detailing a ninth successive year of growth, as well as a record contribution to British horseracing prize money. Welcoming four million people to its venues throughout the year, the group has reported revenues exceeding £200m for the first time, up 5.2 percent year-on-year to £201.1m, driven by increases in admissions, media, hospitality and …

The governance of FTSE 250 gambling firm Rank Group Plc has this morning confirmed the appointment of John O’Reilly as  Chief Executive Officer, replacing outbound Henry Birch as its corporate leader. A 25-year industry leadership veteran, John O’Reilly joins Rank from William Hill Plc, where he served as Non-Executive Director (2017-2018). Furthermore, O’Reilly previously led and grew Ladbrokes’ digital operations …

The BBC has this weekend reported that UK betting bosses have penned a letter to Matt Hancock, Secretary of State for Culture, Media & Sport (DCMS), urging the government to drop its plans of implementing a £2 wagering limit on FOBTs machines. The letter to Hancock leader of DCMS, is supported by the leadership of GVC Holdings, William Hill, Betfred, Scotbet …