Retail

GVC confirms agreed departure of Lee Feldman as Chairman

This weekend, UK business news sources reported that GVC Holdings seeks a new Chairman, as incumbent Lee Feldman is preparing to announce his formal departure from the FTSE100 betting group. The news of the departure comes amid GVC investor backlash at Feldman and Chief Executive Kenneth Alexander having offloaded a combined 3 million of company shares, at the presumed ‘discounted …

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CIRSA states its intent on dominating ‘All Spanish Markets’ under Blackstone

Publishing its private accounts, Spanish gambling firm Grupo CIRSA has detailed solid corporate progress and growth, completing its first year under the ownership of US multi-national private equity firm Blackstone. The Spanish legacy gambling group records 2018 group revenues of €1.4 billion, combined with operating profits of €368 million, up 5% on its 2017 performance. Issuing a corporate statement, Joaquim …

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Scientific Games fulfils $1 billion 2026 debt note financing

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

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William Hill US backs NJ Compulsive Gambling Council with $50,000 donation

William Hill US’ executive team has confirmed that it has donated $50,000 to the New Jersey Council of Compulsive Gambling, as the bookmaker expands its ‘Nobody Harmed’ corporate directive beyond UK shores. The NJ Council of Compulsive Gambling seeks to broaden its problem gambling treatment and awareness capacities, as the Garden State introduces its first sports betting premises. William Hill …

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Denmark to enforce new Code of Conduct seeking highest industry standards

Spillemyndigheden, the Danish Gambling Authority ,has announced that national stakeholders have agreed on new responsibility provisions, measures and adjustments to be attached to the Danish Gambling Act. A political agreement has been approved which will see Spillemyndigheden enforce a new ‘Code of Conduct’ for all licensed gambling incumbents to adhere to, beginning 1 July 2019. Denmark’s new code seeks to …

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UK Policy Committee – DCMS’ FOBTs policy fits purpose but assumptions cannot be tested

The UK government’s independent Regulatory Policy Committee (RPC) has published its assessment of the Department for Digital, Culture, Media & Sport (DCMS) policy enforcement on ‘FOBTs wagering and social responsibility standards’. The RPC has reviewed whether DCMS inbound UK gambling FOBTs regulatory policy (to be enforced 1 April 2019), has effectively assessed social costs/benefits, industry impacts and further macro dynamics. …

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Intralot denies Intracom merger as Greek eyes focus on Kokkalis’ ‘Turkish dilemma’

Greek gambling technology and lottery systems provider Intralot SPA has denied rumours that it will be absorbed by Athens-listed IT solutions provider Intracom Holdings. Last week, Greek business news sources reported that Sokratis Kokkalis, founder and majority shareholder of Intracom, was evaluating forming a new Athens conglomerate merging the Intracom assets of Intrakat (construction), Intralot (lottery/gambling) and Intrasoft (logistics technologies). …

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Critical Mandate… IBA Ireland backs new Trust with €1 million funding

Irish betting/gambling stakeholders have agreed to establish the ‘Gambling Awareness Trust’, aiming to improve Ireland’s problem-gambling harm networks, counselling, research and treatment. The Trust has been established as an independent charity and has received a commitment of €1 million in initial funding from the Irish Bookmakers Association (IBA). In its mandate, the Gambling Awareness Trust seeks to fund research of …

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Betfred donates £1.25m Cheltenham profits to charity

Betfred’s appeal to help fund the Royal Manchester Hospital £4 million appeal for vital equipment has reached its halfway point, with Fred Done donating all profits made from all over-the-counter bets during the Cheltenham Festival to the iMRI appeal. On the first day of the festival, which is said to traditionally be one of the busiest days in the racing …

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Golden Race to present 3D Virtual Football upgrades at Betting on Football

Virtual Football

Golden Race, creator and global provider of virtual sports and betting solutions, is presenting the latest version of its multi-awarded 3D Virtual Football at next week’s Betting on Football. This enhanced version features a new virtual stadium created with on-site scanning, advanced animations based on real players movements, and new player models applying proprietary scanning technologies. It also presents true …

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