Retail

Scotbet handed lifeline by last minute receivership deal

Scotbet one of the few remaining independent bookmakers operating in Scotland has detailed that it is fighting for its survival, having been placed into receivership last Friday. The struggling bookmaker blames the UK government’s £2 FOBTs stake reduction, detailing its enforcement as ‘the straw which broke the camel’s back’. Restructuring its operations, Scotbet management has been forced to close 11 …

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Irish government calls for increase to greyhound welfare funds

The Irish Cabinet has called for the greyhound industry to boost its welfare spending after the sector was rocked by recent controversies alluding to animal cruelty.  During the weekly cabinet meeting, the Government outlined new plans to ensure that the sector increases its spending on welfare initiatives and traceability, with suggestions made that the sector should be spending at least …

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SIS bolsters pferdewetten.de live racing capacity

Racing content and data provider Sports Information Services (SIS) continues to advance its European profile confirming that German legacy operator pferdewetten.de has launched its ‘24/7 Live Horse Racing Channel’. Delivered through SIS’ ‘Watch-&-Bet’ vertical, pferdewetten.de (horseracing.de) will bolster its racing content engagement securing live pictures and data of 27,000 horse races a year from over 130 of the world’s leading racecourses. …

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STS becomes official sponsor of Zagłębie Lubin

One of Poland’s largest bookmakers, STS, has been named as the official sponsor and betting partner of Zagłębie Lubin after signing a new two year sponsorship agreement with the team. The agreement will mean that the operator’s branding will be shown across the players’ sleeves, as well as including sponsorship of the club’s multiple sports associations. Mateusz Juroszek, CEO of …

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Irish government reviewing tax options on smaller players

Seeking to protect smaller industry incumbents, the Irish Ministry of Finance is reported to be considering removing tax duties on bookmakers who generate a turnover below the €2.5 million a year mark. The Irish Times reports that Finance Minister Paschal Donohue is prepared to listen to the concerns presented by the Irish Bookmakers Association (IBA) with regards to taxation and …

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Treasury praises UKGC for contribution on AML research

Publishing its ‘Anti-money laundering and counter-terrorism financing supervision report 2017/18’, the HM Treasury has praised the UK Gambling Commission (UKGC) for its contribution to research and insights on UK AML concerns. The Treasury publishes its seventh ‘AML/CTF report’, seeking to improve compliance transparency and accountability for UK supervisory stakeholders, across multiple business disciplines. In its report, the HM Treasury consults …

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GVC Holdings confirms Sportium JV disposal

FTSE100 GVC Holdings has this morning disclosed that it will sell its 50% stake in Spanish bookmaker Sportium to joint-venture partner Grupo CIRSA for €70 million. GVC secures its interest in Sportium, through its ownership of Ladbrokes, who in 2007 launched Sportium entering a 50/50 partnership with CIRSA. Last May, Spanish business news sources reported that CIRSA had filed a …

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Global Betfred secures Elite Casino US wagering commitment

UK bookmaker, Betfred has advanced its US-profile, confirming that it has secured a technology and operations arrangement servicing Elite Casino Resorts ‘Grand Falls’ Larchwood Iowa property. Subject to regulatory approval, Betfred will further act as lead wagering partner for Elite Casino Resorts, providing the US incumbent with full operational provisions for retail, online and mobile services. Betfred is currently partnered …

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Government to review National Lottery Games ‘age-of-play’ rules

Mims Davies Secretary for Sports and Civil Society has confirmed that the UK government will launch a consultation reviewing proposals to increase the minimum age-of-play on National Lottery scratchcards and instant win games. The government opens its consultation, seeking advice on whether to raise the age-of-play from16-to-18 on some or all National Lottery syndicated games and products. The Consultation is …

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GVC shows global depth countering UK retail realities

FTSE100 GVC Holdings Plc has this morning published its ‘post-close’ interim H1 2019 trading update, citing strong online growth as the company continues to adjust to UK FOBTs retail realities. Despite competing against a tough comparative period featuring World Cup 2018 trading, GVC maintained its digital momentum to record a group H1 2019 NGR of +17%, helping the firm to period …

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