Retail

British bookmakers have declared the EU Referendum to be the largest political betting market of all time as wagers pass the £100 million mark. This morning Ladbrokes stated that its ‘EU Referendum’ market had become its biggest non-sporting event of all time, beating the previous record held by last year’s UK General Election. William Hill declared that its customers had …

Prima Networks, powered by Microgaming, has been awarded Class II licences by Romania’s gambling regulator, Oficiul Național pentru Jocuri de Noroc (ONJN), ahead of the regulated market opening later this month.  The licences cover the ‘manufacture and distribution of specialised gaming software’ and ‘game platform management and hosting facilities’. A number of Romanian and .com operators are now preparing to take Microgaming’s …

The UK Gambling Commission has confirmed that it has entered a strategic bilateral cooperation agreement with Portuguese gambling regulator, the Serviço de Regulação e Inspeção de Jogos of Instituto do Turismo de Portugal (SRIJ). Working together both regulatory organisations will seek to strengthen their legislative codes and combat illegal gambling activities through knowledge and information sharing, Both parties stressed that …

Manchester United have confirmed the extension of one of its commercial partnerships, and fortunately this one doesn’t involve Wayne Rooney trying to act.  The club has had a partnership with The Hong Kong Jockey Club since 2012 and it has been announced that will continue for at least another four years. As a part of the new deal Manchester United’s renowned …

Industry charity the Responsible Gambling Trust (RGT), a UK organisation committed to minimising gambling-related harm and raising operator consumer safety standards and practices has announced Kate Lampard CBE as its new Chair of the Board of Trustees with immediate effect. Lampard a former barrister and senior executive of the National Health Service replaces Neil Goulden as Chair of the RGT …

Updating the market Caesars Entertainment Corporation (CEC) has announced that it has agreed on terms with creditors to amend restructuring agreements for  its bankrupt operating division ‘Caesars Entertainment Operating Co’ (COEC). Issuing a filing with the Securities and Exchange Commission, CEC governance declared that it had reached an agreement with first lien creditors representing approximately two-thirds of aggregated COEC debt. …

Tabcorp is part of a 3-way race for a wagering deal with New Zealand’s TAB, as the Australian company looks to push into overseas markets and diversify its earnings. NZRB chief executive John Allen commented: “The New Zealand Racing Board is currently in discussions with three organisations, of which Tabcorp is one, to explore options to automate our fixed-odds betting …

With the Brexit vote on Thursday of this week the race is hotting up but a high volume of bets have been being placed for some time. The bookmaker William Hill has stated that it expects £20million to be gambled on the outcome of the EU Referendum. It has also been noted that there have been some sizable bets on both …

Irish billionaire Dermot Desmond appears to have lost any chance of halting the merger of Ladbrokes and Gala Coral as the UK Takeover Panel has rejected his appeal regarding the influence of gambling technology provider Playtech on the deal. Desmond who owns 2.8% of Ladbrokes Plc shareholdings had appealed to the Takeover Panel regarding the disclosure of an agreement which …

Finland’s state-owned gambling operators; RAY, Fintoto and Veikkaus are set to operate under the unifying brand of ‘Veikkaus’ (English translation: betting). The decision taken by Finland’s Committee on Economic Policy follows 2015’s decision to merge the Country’s gambling assets forming a single entity. Seeking  to create a more effective national enterprise with better consumer services, which will help reduce social harms …