Retail

IGRG appoints Barry Hardy as new Chairman

The IGRG, which is comprised of the five main trade associations from the gambling industry, has today appointed Barry Hardy as its new chairman. The IGRG provides a structure to promote socially responsible gambling in the licensed UK gambling market. Building on existing relationships and work streams, it also provides a cross-sector forum to consider matters of common interest associated …

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Gala Coral hires Lazard as bingo sale adviser

Gala Coral Group has hired bankers Lazard as strategic adviser for the sale of its 130 retail bingo clubs. UK business sources have indicated that Lazard are seeking to sell Gala Coral’s retail bingo division for an estimated £250 million. A Gala Coral statement confirmed that the operator had “commenced a process to explore the possibility of a disposal of …

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Churchill Downs appoints William Carstanjen as CEO

US racing track operator, Churchill Downs announced the appointment of William Carstanjen as new Chief Executive Officer replacing Robert Evans. Prior to the appointment Carstanjen had served as President of the Kentucky race track operator. The restructure of Churchill Downs senior management will see William Mudd take the position of President, whilst also serving as Chief Financial Officer. Churchill Downs …

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OPAP posts better than expected results for Q2 2014

Greek state owned gambling operator OPAP reported improved results in the second quarter of 2014. OPAP saw gaming revenues climb 8% to €947.3 million, as the operator posted an increase in EBITDA earnings of 50% to €68.6 million. The Greek operator, beat market forecasts which had expected a downturn in gaming revenues for OPAP. However OPAP’s net profit dropped 44.5 …

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AGEM signs up five new members

The Association of Gaming Equipment Manufacturers (AGEM) announced today that its Board of Directors has approved the membership applications of five new companies, bringing the trade group comprised of the world’s leading gaming suppliers to a total of 143 members. The new AGEM members are: Asimex Global, based in Mexico City, offers a wide variety of logistics and international trade …

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UK Government to review Horseracing Levy framework

The UK Government is set to launch a ten week consultation into the possible reform of the horseracing levy. UK sports minister Helen Grant, had asked the government to review the current framework of the levy, stating that it had been in need of a review and possible reform for some time. Grant commented “”Horseracing and betting have grown together …

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UKGC imposes penalty on Camelot

The UK Gambling Commission (UKGC) has found Camelot UK Lotteries Ltd (Camelot) in breach of its licence to operate the National Lottery and has imposed a financial penalty of £100,000, following the initial miscalculation and subsequent communication and publication of an incorrect National Lottery Lotto jackpot prize amount in October 2013. After a full investigation, and taking account of representations …

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SG Gaming completes Ladbrokes rollout of Clarity terminals

SG Gaming, a division of Scientific Games Corporation (Nasdaq: SGMS), has completed the rollout of its new Clarity® cabinet to the Ladbrokes estate. The Clarity® cabinet was installed in all 2,228 Licensed Betting Offices in Ladbrokes’ estate and is a key element in the Ladbrokes 2014 strategy for maintaining a strong offer within the sector. The provision of SG Gaming’s …

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Greek OPAP hit by retroactive tax bill of €21.6 million

Greek state betting/gambling monopoly OPAP has announced that its second quarter financial results would suffer due to the operator being hit by a retroactive tax bill of €21.6 million (£17.5 million). The multi-million tax bill dates back to 2010 fiscal year, OPAP had amounted tax charges of €29.6 million, of which the operator had paid just €8 million.  OPAP management …

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Naas Racecourse launches equine ‘Ice Bucket’ challenge for Irish Injured Jockeys Fund

Naas Racecourse has launched an equine slant on the “Ice Bucket” challenge to boost awareness and charitable donations for the Irish Injured Jockeys Fund. The challenge, for those who accept their nomination, is to stand still as two buckets of cold water are thrown directly at them, similar to the cool down of a horse after they come into the parade ring …

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