Retail

Addressing shareholders at Intralot’s Annual General Meeting, group CEO Antonios Kerastaris detailed that in order to meet its future growth targets, the gambling technology provider would have to tackle new consumer demands and market conditions by delivering a ‘‘best-of- breed’ product portfolio. Kerastaris gave shareholders a breakdown of Intralot’s recent investment/transactional activity as the company expands its international services. In …

Presenting its Q1 2016 (period ending 31 March) corporate performance, IGT Plc governance stated its was pleased with its ‘solid opening performance’ as the New York-listed firm saw growth throughout its top line metrics. Reporting group revenues of $1.28 billion up 51% on Q1 2015’s $848 million, IGT detailed growth in its core region of North America. IGT would record …

Following April’s news that Paddy Power Betfair (PPB) would seek to merge its media and advertising accounts, following a restructure of its group marketing leadership. UK marketing news source ‘Campaign Live’ today reports that PPB’s merged marketing account will be handled by MediaCom (for PPB planning & buying) and Lucky Generals (for PPB creative strategy). Merging its media assets, MediaCom …

Australian marketing news sources have reported that Tabcorp has called out for a review of its media planning and buying account as the operator looks to restructure its marketing division. Tabcorp will review its partnership with long-term incumbent OMD Australia, who have acted as its media planning lead for the past twenty years. It is understood that Tabcorp management carried …

Updating the market, gambling platform provider OpenBet has announced that it has renewed its longstanding services partnership with Canadian lottery operator Loto-Québec for a further three years. Renewing its partnership OpenBet is set to provide Loto-Québec with its new mobile portal solution which will form a key part in the lottery operator’s future growth strategy. OpenBet governance detailed that Loto-Québec had …

US tech news sources have reported that Google has hired Caesars Entertainment Corporation (CEC) Chief Commercial Officer Tariq Shaukat to lead its enterprise division. Shaukat leaves embattled CEC following four and half years’ services, in which he oversaw group commercial and marketing activities as Chief Commercial Officer (October 2014 – May 2016) and Chief Marketing Officer (March 2012 – September 2014). Joining tech giant …

Issuing a market update, Sportech Plc has announced that the UK Court of Appeal has denied HM Revenue & Customs (HMRC) permission to appeal the decision which ruled in Sportech’s favour regarding a £97 million tax repayment claim to the Supreme Court. The decision by the Court of Appeal will likely end Sportech’s 7-year battle with HMRC regarding the tax …

UK national lottery operator Camelot, has detailed that its continued focus on optimising its digital channels has paid dividends as corporate revenues hit an all-time high of £7.6 billion. The group revenue increase comes despite a slight ticket sales decrease in its draw-based games which recorded revenues of £4.6 billion for the 2014/15 financial period. Camelot governance stated that it …

Investor concerns continue to mount regarding New York-listed Chinese sports lottery operator 500.com’s ability to survive its services suspension imposed by the Chinese Ministry of Finance. Posting its Q1 2016 financial performance, the company would record its fourth consecutive quarter with no core product revenues, declaring operating losses of – $15 million for the period. 500.com governance would present no …

ONJN the National Gambling Agency of Romania has granted Vermantia the first licensed certification for the servicing of virtual sports provisions and products for the Romanian gambling sector. Following a review of its games inventory and client services, Vermantia is the first Virtual Sports provider to be approved by ONJN. Vermantia governance stated that it would move quickly to open …