Retail

  Italian gambling operator Gruppo SNAI (SNAI) has confirmed that Executive Chairman Gabriele del Torchio has resigned from his governance role for undisclosed reasons. Updating the market, SNAI detailed that Torchio will depart the company on 13 June and has chosen not to keep his position within the company board. The former Chairman of Italian airline Alitalia, Torchio had joined …

BetOlimp has confirmed that it has reached an agreement with software development company Optima. The agreement includes the provision and setup of a new OPTIMA Multichannel Gaming Suite (MGS) platform, which incorporates the well-known Margin Maker 2 system, and includes web and mobile frontend products for the BetOlimp brand. Alexey Sinyushkin, Chief Operations Officer at BetOlimp, commented: “Optima’s MGS has …

As UK gambling operator Gala Coral Group (Coral) prepares for its £2.3 billion merger with rival Ladbrokes, the company presented its latest H1 2016 results (28-week period ending 9 April), reporting core metric growth throughout all its products. Despite its strong core metric performance, Coral would report H1 interim losses of £49 million as the company looks to reduce its …

Detailing wagering insight on its UK ‘EU Referendum’ market, William Hill has revealed that its ‘High Rollers’ favour a ‘Remain’ outcome on 23 June. This week saw the majority of bookmakers shorten their odds on a UK ‘Leave’ vote to 2/1, offering the shortest price on the outcome since the market opened. Fighting for their cause, pro-Leave camps have stated …

Updating the market betting technology provider Sportech Plc has announced that Her Majesty’s Revenue & Customs (HMRC) have applied to the Supreme Court for further permission to appeal its rescinded £97 million VAT repayment claim. The move by HMRC, follows last month’s decision by the UK Court of Appeal to rule in favour of Sportech Plc regarding its ongoing ‘Spot …

Continuing the restructure of its lottery division, Australian gambling operator Tatts Group has created unified brand ‘The Lott’, which will align the services of state lotto operators Golden Casket, New South Wales Lotteries, Tatts, South Australia Lotteries and Tatts Northern Territory. New brand ‘The Lott’ will be introduced this June throughout all Tatts Group lottery assets and delivery channels (desktop, …

William Hill has shortened the odds on Michael Gove becoming the next Conservative Party leader from 20/1 to 4/1 second favourite behind former London Mayor Boris Johnson. Gove and Johnson have become the Tory party faces of the ‘BREXIT’ campaign, arguing in favour of Britain leaving the European Union in the upcoming referendum on 23 June. At the forefront of …

UK business news sources have reported that Grosvenor Casinos Managing Director Mark Jones has left parent firm Rank Group Plc, to join UK football pitch operator Goals Soccer Centres (Goals) as new Chief Executive Officer. A leisure industry expert, Jones departs Rank Group following seven years’ service where he held leadership roles including MD of Mecca Bingo (2009-2014) and MD …

German trade association for the sports betting industry Deutsche Sportwettenverband (DSWV) has strengthened its governance by appointing Dr Bastian Scholz to the new position of Policy Advisor. Scholz an expert in German national public policy has undertaken numerous research projects for political party Christian Democratic Union (CDU).  Scholz further holds a doctorate from specialist engineering university ’ Technische Chemnitz’ and …

Bookmakers believe that the outcome of the UK ‘EU Referendum’ (23 June) is set to go down to the wire as ‘Leave’ and ‘Remain’ camps enter their final weeks of public campaigning.   Just as ‘Leave’ had reached its longest odds, with the majority of UK bookmakers pricing the outcome at 7/1. This week bookmakers have moved to slash the …