Retail

All the news form the retail betting sector

ARC confirms Belle Vue closure

Following a consultation, Arena Racing Company (ARC) has confirmed that Belle Vue Greyhound Stadium will close down with employees of the track due to be made redundant. The closure of the Manchester track has been on the cards for some time after a Manchester Planning and Highways committee approved proposals to close Belle Vue Greyhound Stadium in December 2019, with …

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BGC slams decision to delay reopening of casinos

The Betting and Gaming Council (BGC) has lambasted the government for reversing it’s plans to allow casino operators to reopen on 1 August, claiming that the decision will result in the permanent loss of ‘up to 6,000 jobs’. The industry standards body claimed that the ‘wrecking ball’ decision could cause permanent damage to the sector, which the BGC emphasised should …

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Boris Johnson delays reopening of casinos in England

Casinos in England are facing further delays in reopening their doors after Prime Minister Boris Johnson revealed that the government will ‘squeeze that brake pedal’ in slowing down the spread of COVID-19. A number of venues, including casinos, were due to reopen on 1 August as the country began to ease restrictions. However, following a spike in cases across Greater …

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BGC welcomes decision to reopen Scottish casinos

The Betting and Gaming Council (BGC) has welcomed the decision made by the Scottish Government to reopen casinos and bingo halls from 24 August. First Minister Nicola Sturgeon announced the latest easing of the country’s coronavirus lockdown in a statement to the Scottish Parliament, confirming that betting shops will be permitted to switch their gaming machines back on from the …

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HBLB ups prize money commitment by 50%

The Horserace Betting Levy Board (HBLB) has confirmed that it will make a ‘substantial increase’ in its prize money for the remainder of the year, with allocations due to rise by 50%. HBLB has been spending around 25% more than usual on prize money since 1st June but from 1st September, for the following four months, this will increase even …

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Top 50 clubs suffer €751m decline in brand value

The impact of COVID-19 has seen the top 50 most valued football clubs lose around €751m in brand value, according to the latest ‘Brand Finance Football Annual’ report. As a result of the global pandemic, this is the first time in six years brand value by the top 50 clubs has declined. The report suggests that the reasoning for this …

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New Zealand’s RITA finalises TAB NZ transition

In line with the country’s new 2020 Racing Industry Act, New Zealand’s Racing Industry Transition Agency (RITA) will complete its transition to become TAB New Zealand (TAB NZ) this weekend. It marks the end of a 13-month transition period, with TAB NZ due to have a sole focus on its customers, maximising profits for the racing industry and returns for …

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UKGC outlines changes to society lotteries and LCCP conditions

The UK Gambling Commission (UKGC) has confirmed that changes relating to licence conditions and codes of practice (LCCP) will come into force from October 31. Following a 12-week consultation, in which the UKGC received 70 responses, the regulator has outlined 22 changes to LCCP conditions, regulatory returns and official statistics. According to the UKGC, the proposed changes will ‘make data …

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FDJ focuses on delivering ‘2020 savings plan’ as covid drains momentum

Française des Jeux (FDJ) has stated that ‘many uncertainties remain’ as the French national lottery operator seeks to return to ‘a comparable level of activity’ with 2019 trading.  Publishing its first interim results as a Paris Euronext enterprise, FDJ said that COVID-19 impacts have wiped out the firm’s ‘early momentum’ as total group wagers declined by 18% to €6.8 billion …

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Spain launches new action plan on sports integrity

Spiffbet

CONFAD, Spain’s ‘national commission’ for combatting sports manipulation and fraud has published its action plan for 2020/2021, outlining 21 directives to safeguard the integrity of Spanish sports. The action plan overseen by Spain’s Consumer Affairs Ministry, as the government department of Spain’s betting industry seeks to bolster four core areas protecting all levels of Spanish sports; ‘analysis and diagnostics’, ‘awareness …

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