Retail

The Gambling Commission has ‘targeted a range of possible gambling offences’ in a joint operation with Police Scotland at betting shops in Falkirk. In cooperation with betting shop operators, the multi-purpose compliance exercise on 19 January was designed to help train police officers on how to conduct inspections of gambling licensed premises, and to raise awareness amongst betting shop staff …

US casino operator Las Vegas Sands Corp (Sands) has confirmed that it will pay a $6.96 million penalty in order to resolve its ‘Foreign Corrupt Practices Act’ (FCPA) dispute in connection with business transactions carried out in China and Macao. The penalty charge imposed on Sands relates to the company failing to implement appropriate ‘internal accounting controls’ ensuring the legitimacy …

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table …

OPTIMA MGS is preparing to exhibit at the ICE Totally Gaming exhibition on the back of a successful year culminating in the winning of an award for its retail technology. OPTIMA MGS won the Innovation in Retail Betting – Best Retail Betting Product at December’s SBC Awards for its I-Shop product, which had already led to queues of industry experts …

Irish independent bookmaker Boylesports has confirmed that it will extend its sponsorship of RTÉ Sport’s horse racing coverage for a further year. As part of its sports content, Irish national broadcaster RTÉ has at present 24 days of racing coverage including popular races the Irish Grand National, Irish Champion Stakes and The Irish derby, as well as festival coverage of …

Swedish state-owned gambling operator Svenska Spel has moved to upgrade its lottery and video terminal systems arrangement with principal supplier International Game Technology (IGT). The agreement sees Svenska Spel continue its systems partnership with IGT for a further seven years (partnership started 1996). IGT will now move to upgrade Svenska Spel systems for Video Lottery Terminals, site controllers, game services …

Irish bookmaker Boylesports has continued its domestic retail expansion by acquiring the portfolio of nine betting shops from independent bookmaker Bambury. Having agreed sale terms with Bambury owners, the purchase of the nine betting shops is currently awaiting approval by the Irish competition authority. Should Boylesports governance be successful in its purchase of Bambury estates, the Dundalk bookmaker will increase …

Ahead of this Friday’s US Presidential Inauguration, bookmaker Paddy Power has loaded up an array of Donald Trump betting specials. Seeking to recover some of its six figure losses on Trump’s surprise 2016 US Election victory, Paddy Power opens it ‘supersized’ Inauguration Day markets offering 11/1 for Trump’s first Presidential speech to last 22:30 minutes or longer.  Further markets, see …

Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of …