Retail

Scottish bookmakers to reopen for ‘transactional services’ on 29 June

Scottish betting shops have been given the green light to reopen on 29 June, but will only offer a transactional service. Under the government’s next phase for lifting COVID-19 restrictions, the Scottish government will prevent betting shops from showing live races, while there will also be a ban on seating within the shops to discourage people from gathering. In a …

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Camelot secures six-month National Lottery operating extension

As reported by The Daily Telegraph, a six-month contract extension is set to be granted to National Lottery license holder Camelot Group as regulators look to temporarily suspend the tender for the rights to run the contest.  The official decision of Camelot’s license extension is now expected to be formally announced by the UKGC within the coming weeks according to …

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Codere avoids total collapse with 12-month credit line 

Codere SA will escape bankruptcy after the embattled Spanish gambling group secured new terms on its debt arrangement with US debt-holders.  The Bolsa Madrid gambling group is reported to have secured a 12-month funding arrangement with a US hedge fund which will guarantee a €120-150 million credit line for the company to fund its operations and repay its deferred debt …

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UKGC forms ‘lived experience’ advisory group on gambling harms

The UK Gambling Commission (UKGC) has established an interim ‘Experts by Experience’ (EbE) group formed by individuals who have suffered a from a wide range of gambling harms and addictions. The group will broaden the UKGC’s advice, recommendations and evidence with regards to policy-making on reducing gambling harms, raising safer gambling standards and understanding gambling’s impact on society. The creation …

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BGC: Charities win big as bookies take beating in Britannia Stakes

UK Bookies have raised £250,000 for Cancer and Covid-19 charities after taking a beating on Thursday’s Britannia Stakes race at Royal Ascot. Earlier this week, Betting and Gaming Council (BGC) members vowed to donate all profits, after levy and duties were deducted, from win and each-way bets made on the race to charity. Participating bookmakers included Paddy Power Betfair, bet365, …

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Scottish racing to resume from 22 June

Scottish racing has been given the green light to resume behind closed doors from 22 June after the country’s government confirmed that professional sport can resume in line with the move to Phase 2 of its Covid-19 route map. Following an announcement from Scottish Racing and the British Horseracing Authority (BHA), the sport must follow strict health and safety guidelines …

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DCMS: UK gambling divided on COVID-19 business resilience

A business survey carried out by the Department of Culture, Media and Sport (DCMS) has revealed that UK gambling firms have been divided in their response to Coronavirus restrictions, with only one-third of corresponding companies accessing government support. DCMS’ survey, entitled The Coronavirus Impact Business Survey, suggested that the majority of gambling companies were land-based, however the specific details of …

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Scientific Games expands SGI debt placement to $550m 

Scientific Games Corporation (SGC) has confirmed that it will upsize its previously announced senior unsecured debt note placement from $350 million to $550 million.  The debt placement will be carried by SGC’s global operating unit Scientific Games International (SGI), priced at $550 million with an applied principal aggregate of 8.6% due for repayment in 2025. Net proceeds secured from the …

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Italian betting begs for mercy on final Revival Decree conditions

Italy’s 6,000 betting shops reopened this Monday (15 June) to yet another ‘new dawn’ facing the government’s additional 0.5% wagering tax applied across all betting-related verticals (retail, digital and virtual sports). The temporary GGR tax is calculated on betting turnover and will be combined with existing net betting duties of 20% for retail, 22% for virtual games and 24% for …

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Irish bookmakers demand clarity on reopening orders

Confusion reigns with regards to Irish bookmakers reopening their venues, as the government orders betting shops to remain closed until 29 June.  This week, a reported 800 Irish betting shops reopened their businesses on Monday 15 June, believing to have complied with the Irish government’s ‘phase two’ Coronavirus national plan.  However, within 24 hours Irish betting firms were instructed to …

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