Retail

Updating the market, Czech-based lottery firm Sazka Group has detailed that it may move for a London listing, in order to expand its European market growth ambitions. The lottery group, owned by Czech investment firms’ KKCG Group and EMMA Capital has appointed investment banks Citigroup, Morgan Cazenove and Morgan Stanley as lead coordinators, but states that it has yet to make …

In response to William Hill’s threats to block the acquisition of NYX Gaming Group Limited by Scientific Games,  NYX has launched legal action against the bookmaker. Last week William Hill issued a corporate update, voicing its concerns over the deal and signalling its intention to convert its preference shares into ordinary NYX shares, in order to ensure it had had …

32Red has announced a multi-fight deal with Carl Frampton, for Northern Ireland’s first two-weight world champion to become a brand ambassador for its online casino brand. As part of the partnership, which kicks off with this Saturday’s ‘Frampton Reborn’ card from The SSE Arena in Belfast, Frampton will provide regular content for the 32Red blog and social channels. Frampton is …

Publishing its Q3 trading update (period ending 29 October), FTSE-listed sports betting group Ladbrokes Coral Plc continues to record a strong digital momentum, offsetting the year decline of its UK retail betting division. Closing in on its first full-year of post-merger operations, Ladbrokes Coral reports improved Q3 group net revenues of 3%, primarily driven by a 12% net revenue uplift …

India’s Lower House has cleared the passage for the ‘National Sports Ethics Commission Bill’ to be reviewed by the Delhi ‘Sansad’ Parliament. The sports bill has been developed by former India BCCI cricket Chairman and BJP (India Peoples Party) MP Anurag Thakur, who first tabled the bill in 2016, seeking a stronger ethical code for Indian professional sports. Thakur and …

US gambling industry body, The American Gaming Association (AGA) has confirmed that Tim Wilmott CEO of Penn National Gaming Inc, will serve as its next Executive Chairman. Updating stakeholders, the AGA board confirmed that Wilmot would serve a two-year chairmanship beginning in January 2018, replacing current incumbent Jim Murren CEO of MGM Resorts. Wilmott has been involved with AGA governance …

“Work is not work to me. Work is my life, it’s my pleasure, I enjoy it. I don’t work for money, I work because I like working with the people, I like challenges, I like the future and I like developing all sorts of businesses.” – Fred Done Part 4 of the Betfred story (see part three here) is the …

Responding to the case that led to British trainer David Evans receiving a £3,000 fine from the British Horseracing Authority (BHA), Ladbrokes Coral has affirmed its consistency between prices offered to trainers and other customers. It comes after it was revealed that Evans placed a bet of £6,000 on his horse Black Dave at 4/1, whilst many bookmakers had the …

Fortuna Entertainment Group have reported a strong performance in their consolidated results for the first nine months of 2017. Driven largely by the growth of online betting, particularly fixed odds betting in Fortuna operated nations, the firm announced a group wagering total of €1.3bn, a 69.1% year over year (yoy) rise. For the first nine months of the year Fortuna …

“All sponsorships are like partnerships. It’s not a matter of writing a cheque out. If you write the cheque out and leave it at that, believe me you’re wasting your money – you don’t get value. You’ve gotta keep working at it.” – Fred Done Part Three of the Betfred story (see part two here) looks at the modernising process …