Retail

Gala Coral ‘expects Q4 profits increase of 20%’

Gala Coral has released its preliminary unaudited 2014 Q4 and full year performance results (period ending 27 September). The operator recorded an increased Q4 2014 revenues of £288.3 million up 21% on Q4 2013 £238.6 million.  Increased gaming revenues were supported by improved Q4 gross profits of £211.7 million up 20% on Q4 £175.8 million. Gala Coral expects to post …

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Melbourne Cup cruelty accusations dismissed by horse racing industry

Two horses, Admire Rakti and Araldo, died at the recent Melbourne Cup which has led to campaigners heavily criticising the event and racing industry as a whole. The horse racing industry has swiftly rebuked these criticisms, and stated that those making them have no idea how the horses are treated. Admire Rakti, a Japanese stallion, had been amongst the favourites …

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GTECH confident of hitting 2014 targets after Q3 income increase

Italian lottery and gambling technology provider GTECH SpA reported an increased operating income of €133.2 million (£104 million) up 30% on Q3 2013 €102.3 million (£80 million). GTECH senior management confirmed that the company was on course  to meet its full year targets, however it expressed concern regarding its decline in Q3 revenues €727.8 million (Q3 2013 – €730.2 million) …

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Gauselmann Group targets UK expansion with Betcom acquisition

German slot machine manufacturer and land based gambling provisions supplier Gauselmann Group has set out to expand its presence within the UK gambling market. The German casino slots operator has completed its acquisition of Birmingham based software company Betcom limited, which it believes will play a key role in extending Gauselmann Group presence and profile within the UK land based …

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John Boyle – Boylesports seeks CEO for UK Expansion

Irish businessman John Boyle, the founder of Boylesports, is ready to step back in as Chairman of the betting operator, as the company looks to expand its presence and operations in the UK betting and gaming market. Speaking to the Irish Independent, Boyle stated that he would return to managing Boylesport governance if the company could find a Chief Executive …

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EveryMatrix launches Japan Gambling White Paper

Igaming technology and services provider EveryMatrix has published an industry white paper on the proposed casino gambling bill for Japan – ‘Integrated Resort Promotion Bill’. EveryMatrix gives readers insight into current market conditions, and regulatory/political landscape of Japanese gambling. The white paper further asserts a number of market blocks and intricacies that potential Japanese license holders may have to anticipate …

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Welsh FA raises concerns regarding match fixing

The Football Association of Wales (FAW) has launched an anti-match fixing initiative after revealing that more than £75 million has been wagered on Welsh Premier League (WPL) football matches. The association’s Chief Executive Jonathan Ford expressed concern over match fixing and sports corruption entering the Wales top tier of football. Figures revealed that an average of more than £500,000 is …

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Fortuna Entertainment profits up for 2014

Czech betting and gambling operator Fortuna Entertainment Group posted a 21% increase in corporate profits for its first nine months of 2014. The operator recorded EBITDA profits of €22 million (£17.3 million) for the period, outlining that growth had been driven by higher customer activity and improved performance of its online gambling verticals. Fortuna Entertainment senior management stated that the …

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GTECH secures $2.6 billion financing agreement to finalise IGT acquisition

Lottery and gambling technology provider GTECH SpA has announced that it has entered a $2.6 billion five year senior facilities agreement with a syndicate of twenty banks in order to finalise its acquisition of International Game Technology (IGT). The financing agreement will provide GTECH SpA with a $1.4 billion multi-currency credit facility.  The corporation have also been granted a further …

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BHA appoints Nick Rust as CEO

The British Horseracing Authority (BHA) has announced the appointment of Nick Rust, former Retail Director of Ladbrokes as new Chief Executive Officer. Rust will replace outgoing CEO Paul Bittar, who ends a three year tenure at the helm of BHA. Rust has been involved in the racing and the betting industry since 1987, having served in numerous senior management positions …

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