Retail

Apollo Global has finalised plans to IPO its Lottomatica business on the Milan Euronext Exchange (Borsa Milan) at the end of April, as the US private equity group upsizes the capitalisation of the Italian gambling group to +€2.5bn. By returning Lottomatica to the Milan Borsa, dealmakers anticipate raising €425m through the IPO, funds that will be reserved to reward long-term …

As the racing industry gets set for The Randox Grand National tomorrow, the Aintree event will be available to watch on a global scale. In working with The Jockey Club, Racecourse Media Group (RMG) and HBA Media have secured 30 broadcasters, including Sport 24, which will broadcast the race on 27 airlines and cruise lines. In the UK, the Randox …

PA Betting Services (PABS) has announced that it has enhanced its partnership with betting exchange platform Smarkets. The new multi-year deal will see the sports betting data supplier continue to deliver UK, Irish, and selected international horse racing content, as well as UK greyhound racing, to Smarkets and its sportsbook, SBK. Niamh Richardson, Account Director at PA Betting Services, said: …

Over 40 MPs from across the political spectrum have joined forces to support various charities through the Betting and Gaming Council’s (BGC) annual ‘Grand National Charity Bet’ campaign.  Each MP will have a £50 stake to bet on a horse in the renowned Grand National, with all winnings will be donated to a charity of their choice, ensuring a positive …

The merger of Chilean casino giants Dreams SA and Enjoy has been scuppered as dealmakers declare “the process to be abandoned”.  The announcement was made via Chile’s Financial Markets Commission (CMF), which informed stakeholders that both companies had chosen to remain as separate businesses.   Merger terms had been agreed last year, in which Dreams shareholders would control the majority (64%) …

SIS (Sports Information Services) has announced an agreement with Philippines-based Jade SportsBet, as the operator integrates the supplier’s greyhound racing content. Jade SportsBet is now live with SIS’ offering 38,000 of greyhound races annually from the UK, Ireland and Mexico. Joe Andrews, Head of Sales at SIS, stated: “Partnering with Jade SportsBet is another important step forward in our efforts …

Betfred has revealed that it has become the new sponsor of The Oaks and The Derby at Epsom Downs. The company’s Boss Fred Done has said he is ‘immensely proud’ of the new three-year deal, which will see the operator also support two other races across the two days of The Derby meeting, which in 2023 takes place on 2 …

Intralot SPA has cited a return to a ‘better operational efficiency’ as the Athens-listed gambling technology group delivers improved EBITDA results despite registering a decline  in headline revenues.     Publishing full-year 2022 results, Intralot registered group revenues of €392m, reflecting a 5.1% decrease compared to FY2021 results of €414m. The decline in headline revenues was primarily attributed to the license expiration …

European betting and gaming authorities have outlined a joint commitment to tackling problem gambling across the continent via the Gaming Regulators European Forum (GREF). A GREF statement explained that cross-border cooperation will consist of regular meetings between various national bodies, sharing information, expertise and best practice and setting up alerts and coordinating ‘joint actions’ against illegal betting websites across Europe. …

French operators have been warned to improve their AML and anti-fraud capabilities by l’Autorité Nationale des Jeux (ANJ), the country’s unified gambling regulator.  The Authority (ANJ) has scrutinised the submitted action plans for “Combating Fraud, Money Laundering, and Financing of Terrorism” by licensed gambling operators and those possessing exclusive rights – FDJ and PMU. Despite operators conforming to ANJ’s requirements …