Retail

BetMakers brings fixed odds betting to Jamaica’s Caymanas Park

betmakers jamaica

Australian supplier BetMakers Technology Group has contributed to the rollout of fixed odds wagering products in Jamaica, launching the offering at the Caymanas Park racecourse. The successful launch of the offering at the island’s only racetrack was conducted in partnership with Supreme Ventures Racing and Entertainment Ltd, a gaming solutions provider focused on the Caribbean region. A joint objective of …

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BHA appoints independent Ombudsman for new handicap appeals process

SBC News BHA appoints independent Ombudsman for new handicap appeals process

The British Horseracing Authority (BHA) has announced that leading Timeform analyst David Cleary will serve as the first independent Ombudsman to oversee the rating appeals related to handicap races.  The decision forms part of the governing body’s ongoing review of UK racing’s commercial capacity, standards and operating structure, undertaken for the long-term benefit of all participating stakeholders. Operating independently of …

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Online advertising lands Holland Casino in regulatory spotlight

Holland Casino

The Kansspelautoriteit (KSA), the Dutch Gambling Authority, has ruled against state-owned gambling company Holland Casino for online advertising. Under KSA licence requirements, operators are not allowed to use online methods to advertise or recruit for goods and services ‘other than the licensed games of chance on the games of chance interface’.  As a result, the regulator concluded that Holland Casino …

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UK Racing appoints Neil Hayward as first Chair of People Board 

SBC News UK Racing appoints Neil Hayward as first Chair of People Board 

Neil Hayward has been announced as the first chair of the Industry People Board for UK Racing, a new workforce directive established by the British Horseracing Authority (BHA), the Horserace Betting Levy Board (HBLB) and the Racing Foundation. An expert in business transformation and HR planning for large-scale organisations, Hayward will lead UK Racing’s new dedicated unit charged with improving …

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Tabcorp prices $289m of long-term debt to ‘fund growth options’

ASX Tabcorp

Australian betting and media operator Tabcorp Holdings has moved to diversify its funding sources through the pricing of a $289m issue of long-term debts. Issued to its investors in the US private placement market, the notes are scheduled to settle in March 2023, subject to customary conditions, and comprising two tranches denominated in US$. The notes have a weighted average …

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BetMakers’ Global Racing Network to distribute Selangor Turf Club content across UK and Ireland

BetMakers Selangor Turf Club

Global Racing Network, a subsidiary of BetMakers Technology Group, has been awarded the rights to distribute thoroughbred racing content from Malaysia’s Selangor Turf Club. The racing content will be used for fixed odds, booked bets and exchange wagering across the UK and Ireland. Kerry Gatten, Vice President of Global Racing Network, commented: “At Global Racing Network we believe that Selangor …

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Allwyn details ‘exciting UK developments’ in Q3 ahead of National Lottery operation

Robert Chvátal, Allwyn CEO

Following a group-wide consolidation of its pan-European operations, Allwyn International has reported positive trading during Q3, particularly in the UK. Publishing its quarterly trading update for July-September, the company outlined Q3 revenue growth of 11% to €958.6m (2021: €867.4m) and adjusted EBITDA of €319.9m (€290.4m), a growth rate of 10%, although the margin was down from 55% to 54%..  Meanwhile, …

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BHA: UK racing to introduce new whip rules from early 2023

bha whip rule changs

The British Horseracing Authority (BHA) has announced that new rules and penalties related to the use of padded whips will be ‘implemented in full’ from 6 February 2023. Under the auspices of the updated regulations, jockeys must ensure that the “use of the whip for encouragement” should be limited to the backhand position only. UK racing has also established a …

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CIRSA to expand international horizons as home units return to growth

SBC News CIRSA to expand international horizons as home units return to growth

Grupo CIRSA has confirmed this week that it will revise its international growth strategy as a result of Spanish home units outperforming their pre-pandemic results.    Strong Q3 trading saw the Blackstone-owned Spanish gambling group achieve corporate revenues of €466m (+40%) as period trading benefited from strong activity registered by its casinos and ‘back-to-business’ recovery of its UNIDESA B2B unit, which …

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Lottomatica YTD revenue doubled ahead of BetFlag takeover

lottomatica growth

Providing a solid bedrock for the Q4 acquisition of BetFlag, Lottomatica recorded year-to-date revenue of over €1bn as of September 2022. As reported in the multinational betting and gaming group’s consolidated interim trading report, this marks a 100% increase on September 2021’s YTD revenue of €462.5m.  On the other hand, EBITDA stood at €129.1m, a 12.7% increase on 2021’s €71.5m, …

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