Retail

Fox’s $200 million World Cup gamble

SBC News Fox's $200 million World Cup gamble

Tuesday’s dismal defeat at the hands of Trinidad and Tobago, meant that the United States Men’s National Team failed to qualify for the World Cup for the first time since 1986. Whilst the poor performances of Bruce Arena’s side will have caused widespread disappointment amongst US Soccer fans, the devastation will be elevated for executives at 21st Century Fox, who …

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Foreign Appeal…Greek government wants to reform casino sector attracting international players

SBC News Foreign Appeal...Greek government wants to reform casino sector attracting international players

Greek news source Ekathimerini has reported that the Syriza government may seek to reform industry taxes on casino gambling in order to make its national market more attractive to foreign companies. The Greek government may move to present new legislation to the Economic Ministry aimed at propelling Greece’s casino sector, by creating conditions attractive to international players willing to invest …

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Timeline – How the fate of fobts became such a deep seated issue

SBC News Timeline - How the fate of fobts became such a deep seated issue

As the long awaited triennial review of gaming machines stakes and prizes looms, it’s seemingly becoming increasingly likely that the result will be a crippling clampdown on the maximum stakes on fixed-odds-betting-terminals (FOBTs). Since the introduction of the Gambling Act in 2005, the political maelstrom that has engulfed FOBTs has inevitably intensified the levels of tension, and decreased the levels …

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UKGC strengthens its stance on protecting children from betting-related harm

SBC News UKGC strengthens its stance on protecting children from betting-related harm

An article published in the Times on Sunday 8 October accusing online betting operators of using cartoons to ‘lure kids to online gambling’, has caused the UK Gambling Commission (UKGC) to reaffirm its stance on protecting children from betting-related harm. The article claimed that gambling operators utilised flaws in the guidelines enforced by the UKGC and promoted games that appeal specifically to …

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Forward Momentum… Caesars Entertainment announces new Board of Governance

SBC News Forward Momentum... Caesars Entertainment announces new Board of Governance

Having completed the final chapter of its two-year Caesars Entertainment Operating Company (CEOC) bankruptcy restructure, Caesars Entertainment Corporation (CEC) has appointed a new Board of Directors to lead its business. The high profile CEC board will be led by former Walt Disney and Ernest & Young leadership executive James S Hunt, who has extensive experience in corporate governance for leisure …

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Codere sets up new ‘corporate development unit’ led by Oscar Iglesias

SBC News Codere sets up new 'corporate development unit' led by Oscar Iglesias

Updating the market, Spanish gambling operator Grupo Codere (Codere) has confirmed the executive appointment of Oscar Iglesias as its new Director of Group Corporate Development. The restructured gambling firm has established a new corporate development unit, which will be led by Iglesias in order to assist ongoing corporate growth projects combined with Codere’s aggressive international expansion strategy. Reporting directly to …

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Jenningsbet MD Greg Knight blasts Paddy Power Betfair of hijacking UK FOBTs review

SBC News Jenningsbet MD Greg Knight blasts Paddy Power Betfair of hijacking UK FOBTs review

Greg Knight Managing Director of UK independent bookmaker Jenningsbet has criticised Paddy Power Betfair CEO Breon Corcoran for advising the government to reduce FOBTs wagering to a £10 limit. Last month, it was revealed that Corcoran had written a letter to the Department of Culture, Media and Sport (DCMS), advising sports minister Tracey Crouch to drastically reduce wagering levels on fixed-odds …

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US Supreme Court sets December date for New Jersey sports betting appeal

SBC News US Supreme Court sets December date for New Jersey sports betting appeal

The Washington Post has revealed that the US Supreme Court is set to hear ‘oral arguments’ put forward by New Jersey officials protesting the federal block which prohibits the state from allowing sports betting in licensed premises (casinos & racetracks). Updating its calendar, the Supreme Court has scheduled the date of 4 December to hear New Jersey’s appeal against the …

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Scientific Games buys Blackjack security specialist Tech Art Las Vegas

SBC News Scientific Games buys Blackjack security specialist Tech Art Las Vegas

Issuing a market update, Nasdaq-listed gambling technology supplier Scientific Games Corporation (SGC) continues its M&A expansion acquiring Las Vegas Blackjack ‘hole reader’ and games specialist Tech Art Inc for an undisclosed sum. Updating stakeholders, SGC governance detailed that the acquisition would boost the firm’s casino-based security provisions. Tech Art is a fully licensed casino equipment manufacturer for all US jurisdictions. …

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