Ted Menmuir

Entain assumes BetCity.nl to be €68m-to-€156m below deal value

SBC News Entain assumes BetCity.nl to be €68m-to-€156m below deal value

Entain Plc has disclosed additional information related to its legal challenge against Sports Entertainment Media BV and related parties involved in the valuation of its Netherlands subsidiary, BetCity.nl. Documents published by the High Court of England and Wales detail that the board of the FTSE100 gambling group deems the value of BetCity.nl as being €68m-to-€156m less than its agreed deal …

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BHA notes concerns on Irish dominance of Grade-1 racing

SBC News BHA notes concerns on Irish dominance of Grade-1 racing

Julie Harrington, CEO of the British Horseracing Authority (BHA), has issued a statement regarding British Jump racing following the 2024 Cheltenham Festival. The BHA has voiced concerns over British Jump racing after Ireland dominated the Grade 1 racing at the 2024 Cheltenham Festival, where Irish trainer Wille Mullins surpassed 100 total Festival wins, emphasising the lack of competition that British trainers pose. …

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NHS: Sheffield clinic sees NGSN hit operating milestone

SBC News NHS: Sheffield clinic sees NGSN hit operating milestone

The NHS has reached an operating milestone in the support and development of the National Gambling Support Network (NGSN) by opening its fifteenth clinic in Sheffield. The clinic opened this weekend, expanding dedicated NHS treatment support and recovery services for problem gambling in Yorkshire and the North of England. Amid growing demand for services, the opening of the new clinic …

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LAHC orders Mayor Khan to implement TfL gambling ad ban

SBC News LAHC orders Mayor Khan to implement TfL gambling ad ban

London Mayor, Sadiq Khan, has been urged to fulfill his 2021 manifesto commitment and introduce a ban on all forms of gambling advertisements across the Transport for London (TfL) network. The demand has been made by the London Assembly Health Committee (LAHC), which has highlighted the need for Londoners to understand the severity of the problem gambling issue in the …

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City View: Entain needs DNA change to meet 2024 recovery 

SBC News City View: Entain needs DNA change to meet 2024 recovery 

Last Thursday, Entain Plc published its full-year accounts revealing the scars of a problematic 2023. The long-awaited results of the FTSE100 gambling group left no place for hiding as leadership declared corporate losses of £900m. Though leadership maintains that dire 2023 results were down to legacy failings, under the bonnet, the year-end accounts detailed growing concerns across all markets including …

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Haddad pressed to name President of Brazil Bets Secretariat

SBC News Haddad pressed to name President of Brazil Bets Secretariat

Pressure mounts on Fernando Haddad, Brazil’s Minister of Finance, to name a President of the Secretariat of Bets and Prizes, an appointment needed to finalise the launch of Brazil’s federal sports betting marketplace. In Congress, frustration mounts as the Ministry of Finance has yet to publish the final schedule to launch the ‘Bets’ regime as authorised on 2 January by …

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News International eyes Racing Post takeover

SBC News News International eyes Racing Post takeover

News International, the publisher of The Sun and The Times, is in negotiations with the owners of the Racing Post over a potential acquisition of the UK’s ‘horse racing bible’, SBC and Gaming&Co can reveal. The Racing Post is part of betting media, content and data provider Spotlight Sports Group, which is owned by private equity fund Exponent. Taking over …

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OPAP sets €2bn revenue record but tax burden dims profit results 

SBC News OPAP sets €2bn revenue record but tax burden dims profit results 

OPAP SA states that it has established a new benchmark for its business, generating more than €2bn in corporate revenues. The Athens-listed gambling group published its full-year 2023 accounts, in which revenue results amounted to €2.08bn, up 7% on FY2022 comparatives of €1.93bn. The record-breaking figure was achieved off the back of stellar Q4 trading, as OPAP’s “Q4 2023 GGR …

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Lottoland upgrades customer compliance duties with DoTrust

SBC News Lottoland upgrades customer compliance duties with DoTrust

Compliance specialist, The Department of Trust (DoTrust), has partnered with lotto betting and igaming operator, Lottoland. Through the agreement, the operator aims to improve compliance and enhance customer service with advanced automation in identifying vulnerable customers, with DoTrust selected following a thorough period of due diligence and evaluation. Michael Byrne, COO at DoTrust, said: “Lottoland is a much admired and significant player …

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Tabcorp CEO Adam Rytenskild resigns over ‘offensive workplace language’

SBC News Tabcorp CEO Adam Rytenskild resigns over 'offensive workplace language'

Tabcorp Holdings has informed markets that Adam Rytenskild has resigned with immediate effect as CEO of the ASX-listed wagering and racing media group. Investors were informed this morning of the immediate departure of Rytenskild who faces “allegations of using ‘inappropriate and offensive’ language in the workplace.” Tabcorp said its board considered the language used by the CEO to be inconsistent …

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