Retail

All the news from the retail betting sector

Horse racing receives financial boost from latest DCMS relief tranche

Horse racing will receive a much needed financial boost as part of the Department of Digital, Culture, Media and Sport’s (DCMS) latest tranche of funding. As a result of the DCMS’ latest round of sports funding, horse racing will receive £21 million in loans, committed to the Horse Betting Levy Board (HBLB). This funding ‘will ensure essential race day integrity …

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Tabcorp calls off CEO search as board reviews all future options

Tabcorp Holdings has postponed its search for a new Chief Executive to replace David Attenborough, as its board undertakes a strategic review related to the firm’s future options.  Updating stakeholders, Tabcorp’s board confirmed that the company had reviewed a number of ‘unsolicited approaches’ to acquire the ASX firm’s TAB wagering unit. Tabcorp’s board has deemed the proposed valuation of TAB …

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Betting industry’s sports contribution highlighted in BGC report

A recent report commissioned by the Betting and Gaming Council (BGC) has focused on the financial contribution made by the industry to the UK’s sports sector and the wider economy. The study, conducted by Ernst & Young, highlighted the £40 million received by the English Football League (EFL) and its clubs from the industry, in addition to over £10 million …

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APPG demands Camelot explain its parliamentary advertisements

Camelot UK has been urged to explain why it has taken out advertisements in Parliamentary magazine The House, promoting its business as the operating company of the National Lottery. Concerns were raised to the UK Gambling Commission (UKGC) by MPs Richard Holden and Carolyn Harris of the All Party Parliamentary Group on Gambling Related Harm (APPG).  The MPs cited that …

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RMG passes the winning post with Cheltenham streaming record

RMG passes the winning post with Cheltenham streaming record

Last week’s Cheltenham Festival recorded a huge uptake in the number of viewers streaming the event, with the Racecourse Media Group (RMG) reporting the highest figure in British and Irish horse racing history. Utilising the services of real-time streaming technology platform Phenix, RMG secured up to 500,000 streams on individual races, representing a year-on-year growth rate of 60% across the …

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GBGB’s Mark Bird reiterates commitment to greyhound welfare

Mark Bird, Managing Director of the Greyhound Board of Great Britain (GBGB), has confirmed the standards body’s commitment to greyhound welfare, welcoming the launch of a new Betting and Gaming Council (BGC) initiative. The MD praised the recent announcement that all BGC members taking bets on greyhound racing will pay into the British Greyhound Racing Fund (BGRF), generating an additional …

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HRI to commence CEO recruitment drive as Kavanagh steps down

Horse Racing Ireland (HRI) is looking for a new CEO as current incumbent Brian Kavanagh has announced he will be vacating the position in September this year. As CEO of the governing body responsible for horse racing in Ireland, Kavanagh oversaw several major milestones and challenges during his tenure, including the implementation of the country’s updated betting tax framework, closely …

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The Tote enhances player protection with TruNarrative partnership

The Tote has struck a partnership with TruNarrative to strengthen its player protection and customer onboarding capabilities, as part of a commitment to safeguarding bettors in line with UK regulations. Due to the Tote’s general objective of providing a safe environment for bettors to place wagers – the purpose for which it was established over nine decades ago – the …

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Svenska Spel revamps agent commission models

Svenska Spel trials ‘coupon free’ paperless purchase as next retail innovation 

Svenska Spel has introduced a new sales commission model for its Swedish lottery and gaming agents, as it aims to keep its ‘retail products competitive’ amid changes to the country’s wider gambling marketplace. The new model marks the first commission change for Svenska Spel retail agents in the state-owned operator’s 30-year history serving as Sweden’s monopoly for gambling services.   2019 …

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Entain requests rent cuts to assist retail bookmakers

Entain has written to landlords requesting rent cuts ahead of the reopening of the UK’s retail betting sector, which has faced significant financial constraints over the past year. The group currently operates over 3,000 licenced betting shops in over 30 different countries, but the request has only been extended to landlords with leases due to expire within the next two …

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