Retail

Regulatory complexities the main focus for Lords committee

The Select Committee reviewing the ‘Social and Economic Impact of the Gambling Industry’ has adjourned to asses the complexities facing the sector’s diverse stakeholders, as well as carry out an assessment of the 2005 Gambling Act.  The discussion, led by chairman of the Gambling Review Body Sir Alan Budd and Dan Waugh, Partner at Regulus Partners, has focused largely on …

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Colin Hord named new chairman of Horserace Bettors Forum

The Horserace Bettors Forum (HBF) has confirmed that it has appointed Colin Hord as its new Chairman, who will takeover from the outgoing Chairman Matt Bisogno. Hord is due to bring with him a wealth of experience from a high-level regulatory background, which will help him work on behalf of punters from a range of different backgrounds.  The HBF has …

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Brazil redrafts LOTEX sale lowering tender expectations

Having failed five times to sanction the sale of state-owned instant win (scratch card) operator LOTEX, the Brazilian government has drafted new tender documents and concession criteria as it re-establishes efforts to sell the state asset. Announced last week, Brazil’s Ministry of Finance has launched a new tender submission deadline, open until 17 October, with LOTEX’s official auction scheduled for …

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PMU appoints Malecaze-Doublet to lead critical marketing drive

Seeking to revive French racing prospects, Pari-Mutuel Urbain (PMU) has confirmed the appointment of Emmanuelle Malecaze-Doublet as Group Marketing Director. A key member of PMU’s new executive team formed under the leadership of CEO Cyril Linette, Malecaze-Doublet had formerly served as PMU CFO having joined the French legacy operator from US management consultancy firm McKinsey-&-Company last September. Malecaze-Doublet takes charge …

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Friday evidence deadline for gambling’s social and economic Select Committee

Industry stakeholders are reminded that they have only one week to return submissions of evidence (deadline Friday 6 September) to the Select Committee researching the ‘social and economic impacts of the gambling industry’ on UK society. Announced this July, the House of Lords established a Select Committee seeking to gain ‘research insights and valuable facts’ on the UK gambling sector …

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GVC restructures debt facilities to handle diverse ‘global currency mix’

FTSE gambling group GVC Holdings has this morning issued a market filing, confirming that it has gained access to a €200 million ‘class b’ first-lien term loan. The € debt transaction has been processed through GVC’s operational subsidiary – ‘GVC Holdings Gibraltar Limited’. In its market filing, GVC governance details that the loan has been structured under ‘net leverage neutral …

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Dire H1 2019 sees Intralot suffer declines across all business verticals

Publishing its 2019 interim results (period ending 30 June), Athens-listed gambling technology group Intralot SPA reports continued operating declines across its three core business verticals of ‘Licensed Operations’, ‘Management Contracts’ and ‘Technology Provisions’. A tough H1 2019 trading period sees Intralot governance outline multiple factors impacting the company’s performance, including negative currency fluctuations, macro impacts, decreasing management contracts combined with further …

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Veikkaus Finland confirms Regina Sippel as inbound CFO

Continuing its executive team restructure, Finnish gambling monopoly Veikkaus has confirmed the inbound appointment of Regina Sippel as new Chief Financial Officer (CFO). A fresh industry executive, Sippel joins Veikkaus leadership team from LSE listed UK travel group Thomas Cook, where she served as CFO of the travel operator’s Northern Europe division. Sippel will be tasked with leading the financial …

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Betfred extends Rugby League’s Championship and League 1 sponsorship

Betfred has strengthened its commitment to the Rugby League’s Championship and League 1 competitions after extending its sponsorship with the tournaments for a further two years.  As part of the sponsorship extension, the bookmaker has pledged to ‘more than double’ its financial contribution to the game outside of the Super League, confirming that it will sponsor all three professional tiers …

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Ladbrokes named as new sponsor for King George VI Chase

Ladbrokes

Ladbrokes has confirmed that it has been named as the new sponsor for Kempton Park’s flagship meeting, The King George VI Christmas Festival, after inking a new five-year partnership.  The King George VI Chase – the most prestigious Grade 1 chase after the Cheltenham Gold Cup – was previously sponsored by Kindred Group’s 32Red.  Simon Clare, Ladbrokes Coral PR Director, …

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