Retail

All the news from the retail betting sector

Malta gambling sector records growth but economic contribution slips

The Malta Gaming Authority (MGA) has revealed that the country’s gambling sector has recorded one of its highest growth rates in value added relative to other sectors, but is now making less of a contribution to the island’s economy. As detailed in the MGA’s Annual Report and audited Financial Statements for the financial year ending December 31, 2020,  the country’s …

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Danish Treasury backs merger of Danske Spil and Klasselotteri

Nicolai Wammen, Denmark’s Minister of Finance, has stated that his department supports a merger of state-owned gambling operators Danske Spil and Danske Klasselotteri. Reporting to Folketing (parliament), Wammen expressed that a merger would ‘create a better strategic framework’ for the state-owned assets and how their charitable contributions are distributed, benefiting Danish society. Furthermore, Wammen detailed that both companies were in …

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City examines vital interims as gambling faces sweeping judgement calls  

From London to Wall Street, the interim results of global gambling’s listed incumbents will be probed as the industry faces systemic changes inbound during the second-half year trading. Though the finely balanced outcome of the UEFA Euro 2020 Championships will impact incumbents bottom lines – city analysts will be focused on evaluating which companies are best equipped to thrive in …

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ROA appoints new board members to promote ‘skills-based’ approach

The Racehorse Owners Association (ROA) has confirmed the appointment of four new board members, one existing member, three by election and one by co-option. Pursuing a strategy of transitioning to leadership via a ‘skills-based board’ has been a key objective of the ROA, one of ‘a number of recommendations’ made by the current board as part of the organisation’s Corporate Governance …

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HRI permits Irish racecourses to increase capacity to 500

Horse Racing Ireland (HRI) has permitted race tracks across the country to allow crowds of up to 500 to attend fixtures, including racecourse members and general spectators. As reported by the Racing Post, the Irish horse racing authority has confirmed that it is ultimately the decision of individual racecourses to decide capacity limits, following the decision by the government to …

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Crucial Compliance links with The FRC to deepen social responsibility tech

Crucial Compliance has partnered with The Face Recognition Company (FRC), as it deepens its focus on responsible gaming controls for retail gambling operators.  Strengthening its social responsibility, FRC has formed a proprietary facial recognition solution that recognises individuals of interest in real-time and raises alerts. Paul Foster at Crucial Compliance, said: “The Face Recognition Company is at the cutting-edge of …

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Night time economy restrictions continue to hinder Rank Group performance

Night time economy restrictions continue to hinder Rank Group performance

A lack of international tourism and restrictions on London’s night time economy have put a dampener on Rank Group’s performance according to a trading update published by the company. While current trading is “in line with management expectations”, Rank highlighted a disparity between its Grosvenor Casinos based outside of London and those within the capital city. The group noted that …

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Intralot renegotiates fiscal duties to help drive Sokratis’ US vision

Sokratis Kokkalis, founder and chief executive of Intralot SPA, has underscored the technology group’s ‘business priority’ to bolster and accelerate all North American units, services and customer contracts.     Having retaken leadership of the Athens-listed group last November, Kokkalis presented Intralot’s new strategic vision to investors at the firm’s AGM on Tuesday 29 June. Despite facing ongoing COVID-19 adjustments across its …

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