Retail

Codere reveals LATAM auditing inconsistencies

Bolsa Madrid gambling group Codere SA will launch an investigation into the auditing of its Latin American business unit, as the firm admits to inconsistencies published in its year-to-date financial reporting. Communicated through Spain’s CNMV market authority Codere governance confirms that it will review the auditing of its entire LATAM unit, following ‘overstated accounts’ reported by a number of its …

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SIS pens new partnership with Colossus Bets

Racing content and data provider Sports Information Services (SIS) has inked a new partnership with Colossus Bets, which will deliver British greyhound racing jackpots to operators across the world. As part of the new partnership, Colossus Bets will offer jackpots on British greyhound meetings, which will include mainstay features of minimum prize guarantees, Cash Out and Syndicates. Bernard Marantelli, Colossus’ …

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‘Dettori effect’ eases pain for bookies after ‘punter friendly’ Ascot

Bookmakers could breathe a sigh of relief on Sunday after John Gosden’s heavily-backed Enable suffered defeat at the Qatar Prix De L’Arc at Longchamp, finishing the race in second place. Following five favourites winning at Ascot Racecourse on Saturday, William Hill revealed that it had amounted a seven-figure loss as a result, while Coral PR Executive Harry Aitkenhead described Saturday’s …

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DCMS publishes gambling No Deal Brexit checklist

The Department for Digital, Culture, Media & Sport (DCMS) has published an 8-point checklist, preparing gambling businesses and wider stakeholders for a potential No-Deal Brexit scenario. At present, the Conservative government maintains its deadline that the UK will leave all European Union institutions on 31 October, underlining that it will seek no further withdrawal negotiation extensions. This September, the government …

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GambleAware appoints NHS exec Peter Holt as new CFO

The governance of GambleAware has confirmed the appointment of Peter Holt as Chief Financial Officer (CFO) of the UK charity. An expert in the financial planning of public sector organisations, Holt was recently the finance director of NHS Health Education England (HEE) for London & the South East, responsible for a  £1.2 billion budget. During his HEE tenure, Holt oversaw the …

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CIRSA gains competition clearance on Sportium takeover

Spain’s Competition & Markets Authority (CNMC) will allow Grupo CIRSA to acquire bookmaker Sportium outright, permitting the Blackstone owned operator the right to purchase Ladbrokes 50% joint-venture shareholding. The CNMC had been forced to review CIRSA’s pending €70 million acquisition of Ladbrokes JV stake in Sportium, which would see CIRSA control Spain’s biggest wagering network made-up of 3,000 retail betting …

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Rene Abou el Alla joins Merkur Sportwetten as new CPO

Merkur Sportwetten has strengthened its leadership team after confirming the appointment of Rene Abou el Alla as the group’s new Chief Product Officer (CPO). Rene will join the Gauselmann Group subsidiary, with his role due to oversee the establishment of  a professional product management system in cooperation with the company’s own betting operator and product company, Cashpoint Solutions.  “The sports …

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GVC strengthens operational division with two new hires

GVC Holdings has strengthened its senior operational management team by announcing the appointment of a new director of payments and compliance, and a new gaming product director. Set to join the operator’s leadership in early November, Gabriele Griesbacher will assume the role of Director of Payments, while Colin Cole-Johnson takes up the role of Gaming Product Director. Shay Segev, Chief …

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UKGC reminds licensees of expectations when leaving the market

The UK Gambling Commission (UKGC) has reminded all licensees that it should have measures in place to ‘make sure that consumers are not unnecessarily disadvantaged’ if the licensee leaves the market. The reminder comes a little over six months after Irish sports betting operator BetBright’s closure meant that a number of customers were left in limbo as to the status …

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GVC secures global racing partnership with BetMakers

GVC Holdings has strengthened its commitment to racing after securing a new global racing partnership with Australia-based BetMakers Technology Group, which will roll out BetMakers’ technology and wagering products rolled out in Australia and other international markets. Under the terms of the new agreement, BetMakers has confirmed that it will continue to service GVC Australia brands. However, it has now …

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