Retail

Seeking to soften the blow of its underperforming Macau division, Australian casino operator Crown Resorts Ltd is reported to be seeking to spilt its domestic and international business assets. The casino and leisure operator, which is majority owned by Australian property tycoon James Packer (53% equity) stated that it was considering demerging its domestic division by creating a new ‘listed …

Ireland’s two largest bookmakers, Paddy Power and Boylesports have confirmed that they will no longer accept wagers on Irish under-18s sporting fixtures or competitions, in a move to address national concerns relating to gambling’s impact on sports development. Both operators will no longer display betting markets for under-18s competitions, a move that has been welcomed by Irish sporting stakeholders such …

The UK Gambling Commission has informed the market that Betfred will pay more than £800,000 in compensation and in contribution towards socially responsible causes as part of a regulatory settlement following a licence review. This payment follows failures by the operator in its anti-money laundering and social responsibility policies. The Gambling Commission’s investigation follows a court case that resulted in …

Russian defender Vasili Berezutski has saved UK bookmakers a reported £20 million, as his injury-time equalizer against England in Saturday’s 1-1 draw spared bookmakers from an opening Euro 2016 weekend bashing! Coming into Saturday night’s match, UK bookmakers were in need of some Russian love, as favourites France and Switzerland had won their opening matches against Romania and Albania, whilst …

The Director of Commissioning for the Responsible Gambling Trust (RGT) has shared details of British advances in treatment data collection during the International Gambling Institute’s 16th International Conference on Gambling and Risk Taking. Jane Rigbye set out the British approach to data reporting in problem gambling treatment services in a speech to the University of Nevada, as part of International …

Racing media rights distributor SIS has expanded its European content portfolio by agreeing partnership terms with Swedish racetrack operator Svensk Galopp which will see its races broadcast in UK and Irish betting shops for the first time. Launching its broadcast service  for Svensk Galopp, SIS will screen eleven races from the inaugural meeting at the newly-built racecourse, Bro Park on Sunday …

Caesars Entertainment Corporation’s (CEC) year-long negotiations with creditors regarding the bankruptcy of its debt-burdened operations division ‘Caesars Entertainment Operations Company’(CEOC) has hit a deadlock according to mediator Joesph Farnan.   Updating Chicago’s bankruptcy court, Farnan detailed that negotiations were not progressing as CEC is unwilling to provide new concessions to its creditors. Furthermore, Farnan would detail that there would be …

Seeking to increase its operating ‘cash’ capital, Frankfurt Xetra-listed online betting operator mybet Holdings SE (mybet) has confirmed that it has sold its stake in German horseracing firm Pferdewetten.de. Following a review of its corporate assets, mybet governance decided that selling its stake in Pferdewetten.de would be the best option as the company looks to meet investment terms for its …

With Euro 2016 now just one day away, William Hill has given football fans in London a betting shop treat by opening the very first Guillaume Hill.  Guillaume Hill is a French themed betting outlet in the heart of Kensington. With the French Embassy and Institut Francais located just a stone’s throw away from the Old Brompton Road store William Hill …

Denmark state-owned gambling operator Dansk Spil has informed the market that CEO Christian Madsen will step down from the leadership of the firm in April 2017. Dansk Spil governance will now seek to replace Madsen who has served as CEO since 2005, with a successor expected to be announced by the start of 2017. The news of Madsen’s departure follows …