Retail

All the news form the retail betting sector

Irish landlords seek higher rent compensation from Ladbrokes

Ladbrokes Irish retail business restructure has come under fire, following complaints of ‘derisory’ compensation for landlords of closed retail premises. A group of Irish landlords is set to join forces and challenge Ladbrokes retail closure terms, claiming that the operator should pay a higher fee for terminating its lease agreements. Following last month’s review of its loss making Irish retail …

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Romanian Liga secures data partnership with Sportradar

The Romanian Professional Football League (Liga Profesionistă de Fotbal; LPF)  has secured a sports data partnership with Sportradar, Under the agreement, Sportradar will be granted the right to collect, archive and distribute data to the media and betting industry until the end of the 2017/18 season. Sportradar will collect data for all Liga I and Cupa Ligii competitions and thereby …

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CIRSA secures new €500 million bond

Spanish gambling operator Grupo CIRSA has completed a bond issue worth €500 million over an extended eight year period (2023). CIRSA governance confirmed that its new bond issue and restructure was led by Deutsche Bank, who have raised the bond capital from European and American investment funds. With CIRSA gaining approval on its new bond issuance, the company will cancel …

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West Australia Treasurer eyes TAB sale

Following the forecast of an impending AUS $2.7 billion (£1.4 billion) state deficit, West Australia governors are eyeing the potential sale of state assets, with a view to raise AUS $5 billion (£2.65 billion) in funds. Presenting his upcoming budget, Treasurer Dr Mike Nahan has outlined the potential sale of state gambling enterprise TAB to the private sector for an …

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EUROMAT files Dutch tax rate complaint

The European Amusement and Gaming Federation (EUROMAT) has joined its Dutch member, the VAN Kansspelen Branche-organisatie, in filing a formal state aid complaint to the European Commission. The complaint argues that the Dutch Government will violate EU law if it allows online gambling companies to benefit from a tax rate of 20% compared to the 29% currently paid by their …

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Sweden joins BHA’s equine anti-doping policy

Sweden joins Ireland, France and Germany as the nations whose runners in Britain are treated in the same way as British-registered horses.All other international runners are required to be sampled prior to running in Britain The British Horseracing Authority (BHA) today announces the addition of Sweden to the list of racing nations whose runners in Britain will be treated, in …

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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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