Retail

All the news form the retail betting sector

Playtech shuts down Snaitech’s retail profile respecting Italian COVID-19 decree

Issuing a corporate filing, the governance of FTSE250 Playtech Plc has updated investors on its Italian market contingencies countering the COVID-19 virus outbreak. Stating that ‘Italy faces its darkest hours’, on Sunday night (8 March) Prime Minister Giuseppe Conte signed a decree that enforced severe restrictions on the movement of 16 million people within the regions of Lombardy and 15 …

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Kokkalis ends INTRALOT CEO tenure transferring control to Christos Dimitriadis

Issuing a market filing, Athens-listed gambling and lottery systems supplier INTRALOT SPA has confirmed that Chairman Sokratis Kokkalis has ended his interim CEO tenure, confirming Christos Dimitriadis as new company leader. Effective immediate, Kokkalis has transferred day-to-day control of INTRALOT ’s executive team to Dimitriadis who takes the position of Group Chief Executive and is further promoted to serve as …

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£58.9m in sanctions issued by UKGC from 2014-2019

According to a freedom of information request submitted by the Gambling Business Group (GBG), the UK Gambling Commission (UKGC) has handed out £58.9m in financial sanctions over a five and a half year period. The request, which was submitted by the GBG two years after the initial approach to the Commission, revealed that a total of £58,946,578 was sanctioned between …

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NatWest Chief confirms expansion of ‘GamCare walk-in’ scheme

UK highstreet bank NatWest (RBS Group) has confirmed that it will expand its ‘pilot scheme’ to provide gambling counselling support across its UK network. Working in collaboration with GamCare, NatWest launched its gambling-related ‘walk-in consultation’ last year across 13-branches operating in the South East and Midlands. Launching the Scheme in 2019, NatWest management stated that the bank had a duty …

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SAZKA commits to ‘package deal’ safeguarding Casinos Austria concerns

Czech gambling conglomerate SAZKA Group has agreed to terms on a ‘cooperation agreement’ with Austrian state fund Österreichische Beteiligungs (ÖBAG) related to the ownership structure of Casinos Austria. ÖBAG had come under fire from Austrian political parties for not using its ‘pre-emption rights’ to challenge SAZKA’s bid to secure a majority +50% stake in Casinos Austria. Last summer, maintaining a 37% …

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UK Racing urges industry to heed Government’s COVID-19 advice

British Racing’s COVID-19 Steering Group has urged the racing industry to heed the Government’s advice regarding the recent coronavirus outbreak, following the appropriate guidance published on Tuesday 3rd March. According to the British Horseracing Authority (BHA), British racing has been in regular contact with DCMS and DEFRA over the past two weeks to keep them informed of the racing’s industry’s …

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Codere Chairman calls for political sense following Royal Decree approval

Norman Sorensen, Chairman of Grupo Codere SA, has urged Spanish ministers to maintain reasoned dialogue and analysis of Spain’s gambling sector.  Sorensen made his comment in a letter accompanying Codere’s Bolsa Madrid annual statement, which emphasised that Spanish gambling has been besieged by ‘false beliefs’ and ‘radical political positions’ against its incumbents.  Sorensen’s appeal comes after Spain’s new coalition government …

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GVC forms 11 law firm legal panel to support global outlook

FTSE250 gambling group GVC Holdings Plc has completed its first-ever ‘legal panel’ to strengthen corporate counsel across all operational disciplines. Marked as a key directive, GVC governance undertook the development of its first legal panel to represent the firm’s enlarged identity and global growth ambitions. A corporate strategy primarily adopted by large-scale enterprises, legal panels see companies strengthen their counsel …

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The Tote, Jockey Club Racecourses and Britbet launch ‘Tote Guarantee’

The UK Tote Group, Jockey Club Racecourses and Britbet have agreed that the new ‘Tote Guarantee’ will be made available to punters at next week’s Cheltenham Festival. The Tote Guarantee will ensure that The Tote will at least match the industry Starting Price (SP), with the chance to exceed the SP if the pool price is bigger on all win …

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HRI outlines industry priorities in five-year strategy

Horse Racing Ireland (HRI) has set out six strategic priorities for the Irish racing industry as part of its new five-year strategic plan. The new strategy, which will run from 2020 through to 2024, is hoped to increase the annual economic contribution of the industry to €2.5 billion, as well as provide a boost annual attendances to 1.5 million. Horse …

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