Retail

Publishing its full-year 2016 financial results, Athens-listed gambling and lottery systems provider Intralot Group has stated that its operations are beginning to ‘reap the rewards of its business transformation’. Presenting its full-year 2016 breakdown, Intralot governance would report a 7% increase in group revenues to €1.32 billion (FY 2015: €1.25 billion). The firm states that its revenue capabilities have been …

Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

Despite the NFL franchise owners overwhelmingly supporting (31-1) the relocation of the Oakland Raiders to Las Vegas Nevada. Roger Goodell, Chief Commissioner of the NFL states that the league will not change its stance on the issue of US legal sports betting. Speaking to US media, Goodell restated that the NFL opposed all forms of betting on its matches. Goodell …

Updating the market, US gambling operator Caesars Entertainment Corp (CEC) has confirmed the promotion of Christian Stuart to the newly created role of Executive Vice President of Gaming and Interactive Entertainment The promotion sees Stuart a ten-year CEC veteran (2007-2017), join the firm’s executive management team. Stuart steps up to the new CEC leadership position having previously served as Chief …

Commissioned by industry charity GambleAware, a study of industry ‘self-exclusion’ practices carried out by Chrysalis Research has found that consumer protection schemes are proving to be effective at stop problem gambling. The evaluation of ‘Multi Operator Self Exclusion Scheme’ (“MOSES”) for UK licensed betting shops has detailed that 83% of users researched found industry practices effective in reducing or stopping …

Following its annual Franchise Owners General Meeting on Monday 27 March, the NFL has approved for the Oakland Raiders to move to Las Vegas Nevada within the next three years. US business news sources report that NFL Franchise owners voted overwhelmingly (31-1) in favour of a Las Vegas relocation for the Raiders, despite protests from Oakland fans and city officials. …

Updating the market this morning, FTSE-listed Playtech Plc’s sports betting division Playtech BGT Sports has confirmed that it has extended its betting terminals agreement with Irish independent bookmaker BoyleSports for a further four years. As part of the deal, Playtech BGT Sports will supply an initial 325 terminals to Boylesports, taking the total number to over 600 across their 220-strong …

ONJN, the National Gambling Office of Romania and core regulatory body for industry policy and licensing operations, has confirmed the appointment of Dan Iliovici as its new President. Iliovici takes over leadership of the ONJN from previous incumbent Odeta Nestor. Iliovici has prior industry experience having held the position of Executive Director of Romanian Gambling business association Rombet. In 2015, …

The Times has revealed that a group of UK racing stakeholders are preparing to establish a rival pool-based betting system to Betfred’s Tote, as the sport looks for new revenue streams. Led by the Jockey Club and Arena Racing Company (ARC), it is understood that 56 of the 60 UK racetracks have committed to the Tote rival venture which will …

Ladbrokes Coral CEO Jim Mullen has hailed the merged company’s first annual results announcement as a ‘very successful start’ for the enlarged group, with the combined results delivering 11% growth in revenues and a 22% increase in gross profits after tax. The standout performers are Ladbrokes Coral are the Digital division, which saw operating profit increase 125% and European Retail …