Retail

Presenting its 2016 full year report (period ending 30 June), Australian ASX-listed gambling operator Tatts Group has revealed a mixed set of results reporting strong digital growth hindered by legal costs. Closing its FY 2016 Tatts Group (Tatts) would post a statutory net profit decline of -7% to AUS $233 million (£136 million). Tatts 2016 earnings would be impacted by …

The Rugby Football Union (RFU), the governing body of professional rugby union in England has confirmed that it has extended its sports integrity monitoring partnership with Sportradar until 2019. The RFU integrity partnership for English rugby union has been in place since 2013, monitoring betting market activity, rugby fixtures and  potential suspicious wagering activity. For the next three years, Sportradar …

Embattled Irish betting operator SeanieMac is seeking funds to continue its business having accumulated losses of £10 million (€7.6 million). The Belfast Telegraph reports that SeanieMac governance is seeking financial aid from outside investors, with the company warning that if it cannot raise more capital, it will be forced to close its business. In its latest market update (released 15 …

Presenting its full-year results (year ending 30 June), Crown Resorts LTD (Crown) has reported net profits of AUS $948 million (£555 million) up 14% on corresponding FY 2015 corporate earnings. Crown year-end results would be propped by its AUS $602 million (£350 million) share sell-off in Melco Crown Entertainment (MCE), as the company reduced its shareholder equity from 37.3% to …

New York-listed Chinese sports lottery operator 500.com, has reported its sixth straight quarter with no corporate revenues, as concerns continue to mount regarding the firm’s future. 500.com is still under ‘temporary’ suspension of its lottery services  issued by the Chinese Ministry of Finance, who in April 2015 placed a ban on all lottery transactions via online or third party networks. …

Following last March’s UK Budget 2016 announcement, HM Revenue & Customs (HMRC) has released an industry consultation paper detailing its proposals to levy remote gaming duties on freeplays (free bets), in order to align Remote Gaming Duty (RGD) policy with that of free bets in General Betting Duty (GBD). Publishing its consultation paper titled; ‘Tax Treatment of Freeplays in Remote …

Sports data and insights provider Sportradar AG is reported to be in the final stages of closing a six-year data-rights contract with the NBA valued at $250 million. Its contract with the NBA will cover an array of data-distribution rights on behalf of the professional league, including match analysis, data reporting, statistics and the development of a streaming product. In …

Industry independent watchdog The Senet Group has confirmed the appointment of George Kidd as its new Chief Executive with effect from 15 August 2016. A media communications and public policy advisor, Kidd chairs several UK industry trade and standards associations including the ‘Online Dating Association’, ‘Direct Marketing Commission’ and ‘UK Fundraising Regulatory’. Kidd replaces Ron Finlay as Chief Executive of …

The Remote Gambling Association (RGA) has announced that it has retained the services of KPMG to undertake a scoping study which will shape the development of the National Online Self-Exclusion Scheme (NOSES), and to advise the RGA during its implementation process. The aim of NOSES, which should be in place by the end of 2017, is to provide consumers with …

A morning of high industry M&A drama has seen William Hill’s board reject the revised consortium takeover offer put forward by Rank Group and 888 Holdings. The new offer presented to William Hill governance on Sunday would see 888 act as the acquiring entity for the ‘BidCo’ consortium. William Hill investors would be offered 199 pence in cash and 0.860 BidCo …