The governance of Finnish state-owned operator Veikkaus OY has stated that it has completed its unification of gambling enterprises under the Veikkaus brand, which will seek to bring a greater market proposition to Finland’s betting/gaming consumers. Last June the Finnish Finance Ministry announced that the state-owned gambling enterprises of Ray (slots & games) Fintoto (racing) and Veikkaus (betting) would be …
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Updating the market, US Nasdaq-listed casino operator Wynn Resorts (Wynn) has confirmed the appointment of Craig S Billings as the firm’s new Chief Financial Officer (CFO). Billings is set to officially join Wynn on 1 March, taking over the senior executive role from incumbent Stephen Cootey who left the company last month to ‘pursue personal projects’. Reporting to Wynn governance, Billings …
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Pushing industry omni-channel conversion, Playtech Plc’s sports betting division Playtech BGT is set to launch its BetTracker mobile app, allowing customers to transfer their sports bets to their mobile devices after placing them in-shop. The innovative app allows for retail to digital crossover, as customers can watch their bets progress and even cash them out on the Playtech system, which …
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UK business news sources have reported this weekend, that bookmaker Ladbrokes has been hit with a £70 million tax charge relating to an overturned UK Revenue & Customs (HMRC) ‘2008 tax avoidance’ scheme. The UK Tax Tribunal stated that Ladbrokes Group and its auditor Deloitte knowingly exploited a 2008 tax loophole relating to loans between corporations and third parties to …
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William Hill governance has this morning published its full-year 2016 financial statement, in what has been a tough year for the FTSE-listed bookmaker, having to revise its corporate forecasts twice in one year due to higher costs and unfavourable sports results. Closing its 2016 performance, William Hill governance posted a group revenue rise of £1.6 billion in-line with 2015 results. …
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Eastern European gambling operator Fortuna Entertainment Group (Fortuna) has confirmed that it has entered an agreement to acquire gaming systems provider Hattrick Sports Group (Hattrick) and its related assets outright. Fortuna governance chose not to detail the sum of acquisition for Hattrick assets, but stated that the purchase would ‘further strengthen Fortuna’s position as the largest licensed multi-channel sports betting …
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The Association of British Bookmaker‘s Scottish division has launched a new project aimed at tackling the ‘hidden addiction’ of problem gambling among young people. The Association of British Bookmakers in Scotland (ABB Scotland) will fund the six month project, working in partnership with Paisley based charity RCA Trust to deliver education and counselling support for 2,500 young people across the West …
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Declaring its full-year 2016 performance, the governance of FTSE-listed Playtech Plc has stated that the firm will now concentrate on a ‘locking-in’ strategy having boosted its sports betting services and added new gaming inventory to its client portfolio. Posting its full-year 2016 financial summary, Playtech would declare increased corporate revenues of €708 million up 12% on corresponding FY 2015’s €630 …
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US business news sources have reported that billionaire casino magnate Sheldon Adelson will potentially invest up to $10 billion should Las Vegas Sands Corporation be granted an ‘integrated resorts’ license by the Japanese government. “It would be at least what we paid in Singapore, $6 billion including the land, but it could be as much as $10 billion,” Sheldon Adelson …
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With the crucial constituency by-elections of Stoke-on-Trent Central (Staffordshire) and Copeland (Cumbria) taking place tomorrow, William Hill politics believes that the results may set the agenda for the future of UK politics. Updating its by-election markets, William Hill details that political punters are speculating that the results could spark a change of leader for different parties and even mark a …
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