Retail

The governance of London-listed industry betting and racing systems provider Sportech Plc has described the first half of 2017 as a ’transformational period’ for its business. The company which continues to expand internationally, securing new betting systems contracts in Asia, Denmark and the USA (Connecticut) would report H1 2017 period corporate revenues of £36.4 million up 5% corresponding 2016’s £34.7 …

London private equity firm Silchester has acquired a 5% stake in William Hill Plc, becoming the fourth largest shareholder of the FTSE-listed operator. Led by fund manager Stephen Butt, who is considered one of London’s top performing investors, Silchester specialises in taking ‘long-hold’ positions on businesses which it believes are undervalued. A tough two-years in which William Hill performance has …

Updating the market, Australian ASX-listed gambling operator Tabcorp Holdings has confirmed the promotion of Adam Rytenskild as new Chief Operating Officer of its Wagering & Media division. Tabcorp makes the appointment in preparation for the retirement of Craig Nugent as leader of the division later this year. Since 2000, Rytenskild has served in a variety of Tabcorp group senior executive …

The Financial Times has reported that FTSE-listed GVC Holdings has failed in its attempt to takeover UK market rival Ladbrokes Coral Plc. The business news source reports that Ladbrokes Coral governance had reviewed a £3.6 billion group takeover deal, aimed at creating ‘the outright UK gambling market leader’, by merging GVC’s digital gambling brands with Ladbrokes Coral retail and online …

Industry virtual games provider and retail games developer VSoftCo Ltd has announced that it has entered into a multi-year agreement with Link2Win, a leading provider of numbers games. This partnership will see VSoftCo integrate Link2Win’s complete portfolio of ‘Linka’ games to VSoftCo’s platform. This will be the first time that VSoftCo has entered the gaming market outside of virtual sports …

Rank Group Plc has informed that its new sports betting division Grosvenorsport will sponsor this Saturday’s Celebration Mile at Goodwood Racecourse. The Group Two ‘Grosvenor Sport Celebration Mile’ is considered the highlight of Goodwood’s three-day August Bank Holiday meeting. The Celebration Mile has a prize pool of £100,000 and will include notable contenders’ winner Lightning Spear, Qatar Goodwood Festival victor Beat The …

Continuing its youth development and training schemes, Racing UK’s Racecourse Media Group (RMG) has announced Shelley Birkett and Jason Kiely as recipients of its new Media JETS Traineeship. Joining the development program, the RMG’s young apprentices will learn all aspects of modern media dynamics including presenting, punditry, digital production, marketing and PR. Birkett, who is 23 and based in Malton …

Australian telecoms and media firm Optus has formed an agreement with Tabcorp Holdings to broadcast English Premier League matches across the operator’s land-based retail network. The agreement sees Optus open up its exclusive Premier League content, making it available to the general public across 4,500 syndicated Tabcorp venues. Moving forward, Optus Sports Premier League content will be installed at Tabcorp …

Former billionaire Seán Quinn has launched new online sportsbook Quinnbet, aiming to ‘ruffle up’ the Irish and UK betting sectors. The new sportsbook represents Quinn’s first venture since the multi-billion collapse of Irish conglomerate the Quinn Group in 2010. Quinn was once considered Ireland’s richest person (2008), with an estimated personal wealth of €3.5-4 billion. However, the Irish tycoon lost …

Ladbrokes has announced its second football betting partnership of the day, confirming that it has agreed to become the ‘Official UK & Ireland Bookmaker Partner’ of English Premier League side Leicester City FC. Seeking to push its brand and products to Premier League fans this 2017/18 season, Ladbrokes will gain high exposure throughout Leicester City’s King Power Stadium (capacity: 33,000). …