Retail

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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En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

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Cooperative agenda sees Malta MGA launch new ‘Sports Integrity Unit’

The Malta Gaming Authority (MGA) has established a new ‘Sports Integrity Unit’ helping strengthen its capacity and resources towards fighting sports corruption and match-fixing. The Integrity Unit will focus on gathering intelligence and data related to suspicious betting, serving as the MGS’ liaison foreign regulatory authorities, law enforcement agencies, wagering monitoring systems and sports governing bodies combatting the manipulation of …

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No-Deal Brexit trading hits lowest trading price on Betfair Exchange

Following Boris Johnson’s controversial decision to prorogue parliament next month, the Betfair Exchange reports that the odds of a ‘no-deal Brexit’ are being traded at their lowest prices this year.  Odds of a no-deal scenario have now been priced at 5/4 according to Betfair, marking a drop from the 5/2 earlier this month, and 9/1 earlier this year. Updating the …

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Ascot in talks over three-year extension to ITV partnership

The current agreement between ITV and Ascot Racecourse has been brought into the spotlight after it has been reported that the broadcaster has asked Ascot to come to a decision over whether it will agree to a three-year partnership extension.  Reported by the Racing Post, the partnership between the two has been highlighted by bookmakers, punters and sponsors, who have …

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