Retail

England’s casinos to reopen on 1 August

The government has this morning confirmed that casinos in England will be allowed to reopen on 1 August, adhering to strict rules on social distancing and public safety. Casinos in Wales and Scotland will have to wait for their own reopening dates to be confirmed. In a move that has been highly praised by the Betting and Gaming Council (BGC), which has …

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Glynn Carroll to head up Roar Digital’s US trading operations

Roar Digital, the joint venture between GVC Holdings and MGM Resorts in the USA, has promoted Glynn Carroll to head up its sportsbook operations. Carroll has taken on the role of Vice President of Sportsbook Operations and will be relocating to the States once the COVID-19 outbreak subsides.  Carroll originally joined Ladbrokes in 2015 as Director of Trading Operations and …

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UK and Irish tote launch ‘single unified online betting pool’

Tote Ireland has built upon its strategic partnership with UK Tote by launching a new website, allowing a ‘single unified online betting pool for Irish and UK Tote customers’. From next month, Irish Tote customers will gain access to new products such as an instant Tote Guarantee (Best Price Guarantee) on all Irish racing, with the Tote due to pay …

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Perelman fund reviews majority shareholding in Scientific Games

MacAndrews & Forbes, the investment fund of American billionaire Ronald Perelman, has filed an SEC note informing that it is exploring a full divestment of its shareholding in Scientific Games Corporation (SGC).  The wholly-owned fund of finance tycoon Perelman has placed its 39% shareholding in SGC under review, but underlined that it has yet to determine a future outcome for …

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Happy Valley hits ‘record’ turnover as racing season ends

The Hong Kong Jockey Club has ended its season at Happy Valley, having reported a ‘record’ turnover of HK$1.6 billion (£160 million) for the track following what it described as a ‘season like no other’. Despite the ongoing disruption caused by the coronavirus pandemic, total turnover for 2019/20 season had only dropped by 2.6% when compared to the previous season, …

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Buzz Bingo to close 26 UK venues placing 570 jobs at risk 

Buzz Bingo has revealed plans to close 26 of its UK venues in a move that will place 570 employees at risk of losing their jobs.  The UK’s largest bingo hall operator stated that it had undertaken the drastic actions to ‘protect the future of its business’ as it seeks to mitigate pandemic circumstances affecting the entire leisure and hospitality …

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Codere secures €250m credit lifeline on aggressive interest rates 

Embattled Spanish gambling group Codere SA has agreed terms on a new ‘refinancing proposal’ with existing bondholders, which will allow the firm to access a further €250 million credit extension.  Following weeks of negotiations, Codere has secured the vital liquidity funding to keep its Spanish and South American business units afloat. US bondholders Jupiter AM, Dryden Capital, Invesco and Blackrock …

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Rada approves Ukraine gambling bill with no taxation policy 

Voting 248-to-95, Ukraine’s Verkhovna Rada (parliament) has approved the mandate of ‘Bill-2285D – Gambling Law’, passing the legislation to ‘form a new market for regulated gambling’.  The approval will allow Ukraine’s government to repeal its existing ‘Prohibition of Gambling Law’, which has held a blanket ban on all forms of gambling except state-run lotteries since 2009. The overhaul of Ukraine’s …

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BGC highlights UK casinos ‘community response’ under lockdown orders

The Betting and Gaming Council (BGC) continues to pressure the government on delivering clarity to the UK casino sector and its workforce, following the disappointing news that casino venues will not be allowed to reopen this July. Branded in the same category as nightclubs, England’s casino venues were told to remain in lockdown, and given no indication as to their …

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HKJC closes OCBBs amid rising public health concerns

The Hong Kong Jockey Club (HKJC) has confirmed that it has closed seven of its off-course betting branches (OCBBs) following a spike in coronavirus cases. Raising concerns over the ‘worsening COVID-19 situation in Hong Kong’, the HKJC emphasised that it is monitoring the situation to work out whether more OCBBs will be required to temporarily close. Services at OCBBs which …

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