Tag Archives: Sky News

Tote secures £20m for new product roadmap beyond racing

A reformed UK Tote Group has raised a reported £20 million from existing shareholders to diversify its products and technologies beyond the firm’s legacy dependence on racing fixtures. Sky News ‘City Edition’ reported that Tote shareholders had agreed to back the firm’s new product roadmap, as the Tote eyes ‘an expansion into football betting to strengthen the company’s balance sheet’. …

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Rank responds to press speculation on controversial share placement 

Rank Group Plc has quelled press speculation that it will undertake a new share placement to raise working capital to help its venues and properties mitigate autumn lockdown proceedings and further COVID-19 impacts. The LSE gambling group issued its response to a Sky News report, which detailed that Rank would pursue a £70 million emergency funding round, undertaken through a …

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GVC Holdings confirms Barry Gibson as new Chairman

GVC Holdings has confirmed the appointment of Barry Gibson as the operator group’s Non-Executive Chairman, with the appointment taking effect from today. Over the weekend, Sky News, The Times and The Daily Telegraph reported that Gibson would assume the new position, due to succeed Lee Feldman who will step down on 27 February 2020.  Stephen Morana, GVC’s Senior Independent Non-Executive …

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RGA hosts critical leaders meeting on ‘voluntary advertising code’

The leaders of Britain’s biggest betting operators are reported to be holding discussions this week, seeking to develop a rigorous new voluntary mandate on betting/gambling advertising. Mark Kleinman City Editor for Sky News, reports that the Remote Gambling Association (RGA) will host a leaders meeting on Tuesday to discuss the development of a new ‘advertising standards code’, which RGA members …

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Secret consortium in talks with Fred Done to revive & reposition The Tote

Sky News has reported that Betfred founder Fred Done is in ‘advanced talks’ to sell a significant stake of The Tote, as Betfred prepares to readjust its UK racing proposition. In 2017, Fred Done publicly stated that Betfred ‘was finished with UK racing’, and that his enterprise could ‘live without the sport’, following Jockey Club and Arena Racing Company (ARC) …

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Power Play… Murdoch’s $60 billion Fox divestment shakes up global sports

Global media has been shaken up by the news that Rupert Murdoch is preparing to sell 21st Century Fox and Fox Entertainment’s 39% stake in Sky UK to rival Walt Disney Co for a reported $60 billion deal (£45 billion). All eyes will be placed on today’s New York Stock Exchange opening, when Disney leaders are expected to present the …

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