Retail

En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

Read More »

William Hill confirms 700 shops to close following FOBT losses

UK bookmaker William Hill has confirmed that it will be closing approximately 700 betting shops, impacting 4,500 members of staff, following the introduction of the controversial FOBT legislation on 1 April. As detailed in a media statement, William Hill had entered into a consultation process with its retail colleagues. The statement explained: “This follows the Government’s decision to reduce the …

Read More »

ROA’s Nicholas Cooper calls for a turnover-based levy

Nicholas Cooper has called upon the industry to consider shifting the horse racing levy from the current gross profits system towards a betting turnover-focused system.  As part of his speech at the Racehorse Owners Association’s (ROA) annual meeting in London, the ROA president said that a turnover-based levy would “provide a much truer reflection of racing’s continuing worth to the betting …

Read More »

New ‘Betting and Gaming Council’ to launch this autumn

Seeking to act as a unified voice for all UK gambling stakeholders, new industry trade body the ‘Betting and Gaming Council’ will launch this autumn. The new body will replace the functions and duties of the Remote Gambling Association (RGA) and the Association of British Bookmakers (ABB), which will be wound-up when the council secures its full operations. Announcing its …

Read More »

Philip Bowcock: William Hill – Nominal response on responsibility has hurt industry’s profile 

Operators who have only donated nominal amounts to GambleAware for research, education and treatment would have been better not bothering, according to William Hill Group CEO Philp Bowcock.  Speaking at World GES in Barcelona, Bowcock touched on this week’s announcement from the UK’s biggest operators to increase the amount of money they provide to GambleAware by a factor of ten, …

Read More »

Jeremy Wright – ‘This is not the end of the conversation on problem gambling’

Addressing the House of Commons this afternoon, Jeremy Wright – UK Secretary of State for Culture, Media and Sport – said that the government is still reviewing the option of introducing a ‘mandatory levy’ to help national health stakeholders raise funds and resources for tackling problem gambling harms. Wright has acknowledged the ‘commitment of increased funding’ pledged this morning by leading …

Read More »

Transforming Sportech appoints Richard McGuire as Group CEO

Sportech Plc continues its governance and leadership restructure, confirming that Interim Group Executive Chairman Richard McGuire has accepted the position of Group Chief Executive on a permanent basis. McGuire has led the London-listed wagering and racing systems supplier since November 2018, following the departure of former incumbent Andrew Gaughan as Group CEO. This May, McGuire presented Sportech’s AGM update, detailing …

Read More »

Colossus Bets signs landmark cash-out agreement with AmWager

Colossus Bets, a supplier of next-generation pool betting markets, has announced a further major US coup, after confirming that simulcast racing services provider AmWest Entertainment (AmWager) will become the first US-licensed racing incumbent to offer cash-out capabilities. Maintaining multiple US racetrack partnerships, AmWest offers an extensive range of ‘Advanced Deposit Wagering ADW’ provisions for US racing customers. Beginning with UK and …

Read More »

IGT ups sports integrity dynamics by joining GLMS

New York-listed gambling technology and lottery systems supplier IGT Group has joined the Global Lottery Monitoring System (GLMS) as an Associate Member. IGT will form part of the global association of lotteries, which was established with the objective to ‘safeguard the integrity and values of sports worldwide’. Becoming an Associate Member, IGT will be linked to the GLMS visual identity. It will receive …

Read More »

US ‘gambling modernisation’ sees AGA restructure leadership team

Leading US gambling trade body The American Gaming Association (AGA) has confirmed the promotion of three members of its senior staff, as AGA governance seeks to reflect an ‘enhanced focus on industry modernization, communications and advocacy’. The AGA confirms the promotion of Dan Bretl as Senior Vice President of Strategy & Operations, leading AGA’s strategic partnerships and business development disciplines. …

Read More »