Retail

The Racing Partnership (“TRP”) and Turf TV have agreed to share satellite infrastructure in UK and Irish Licensed Betting Offices (“LBOs”). This agreement will see Turf TV and TRP sharing satellite infrastructure across the existing estate of Turf TV independent bookmaker customers in the UK and Ireland. The joint approach will mean that there is no requirement for most independent LBOs …

 Australian leisure and gambling tycoon James Packer has sold approximately 4.8% equity in ASX-listed casino operator Crown Resorts (Crown) for a reported AUS $448 million (£257 million). The transaction was carried out by Packer’s investment vehicle Consolidated Press Holdings (CPH), who placed circa 35 million shares at AUS $12.80 apiece. The sell-off sees Packer relinquish his majority stake in Crown …

SIS has taken its SIS Stream platform, launched in conjunction with Sporting Times, to Sri Lanka for the first time. This continues a two decade-long relationship between the two companies, which began with satellite distribution in the early 1990’s. The deal will allow for customisable high definition content to be shown in shops through SIS’ low latency IPTV streaming network. …

Updating the market on its H1 2016 interim results (unaudited period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group (Fortuna) has revealed improved corporate results throughout its core metrics. Following a tough FY 2015, in which Fortuna financial performance was impacted by increased tax charges in its markets of Poland, the Czech Republic and Slovakia, the company was …

Publishing its H1 2016 results (period ending 30 June), FTSE-listed betting technology provider Sportech Plc has reported a steady first half of the year, as the company sustained EBITDA at £11 million. Sportech governance detailed that corporate performance had been in-line with expectations, following a tough H1 2015 comparative period. The Liverpool based company would declare a statutory pre-tax profit …

New York private equity firm Z Capital has confirmed that it has brought Nevada casino operator Affinity Gaming outright for an all-cash deal of $580 million (£440 million). At present the private equity firm owns 41% equity in Affinity Gaming, with Z Capital seeking to purchase the outstanding stake at a price of $17.35 per share. Updating stakeholders, Z Capital …

Posting its first set of interim H1 results (period ending 30 June), FTSE100 listed Paddy Power Betfair (PPB) has reported group revenues of £759 million recording double-digit growth across its four core divisions. Closing its H1 2016, PPB would post a group underlying EBITDA of £181 million (H1 2015: £138 million). The increased top line metric growth would result in …

The NHL has confirmed that it will incorporate Sportradar’s ‘Fraud Detection System’ (FDS), monitoring all its syndicated matches for integrity and suspicious betting activities. The US professional ice hockey league, becomes the latest sporting body to incorporate the FDS monitoring system, as Sportradar a European sport data and analysis specialist expands its services within US sports. The partnership, sees Sportradar …

Presenting its full-year 2015/16 results (period ending 30 June), The Rank Group PLC (Rank) has declared a solid financial year reporting like-for-like growth across its divisions. Closing its financial year, Rank would record total group revenues of £753 million up 2% on FY 2014/15: £738 million. The operators sustained revenue performance would see it post FY group EBITDA of £128 …

Greyhound racing in London faces extinction, following the decision by London Mayor Sadiq Khan to allow the Wimbledon Greyhound Stadium to be the site for AFC Wimbledon’s new stadium. The London Mayor has granted Merton Council the right to hold the final decision regarding the tracks future, offering no hope for greyhound racing survival in London. Merton Council officials have …