Australian business news sources are reporting that market leading gambling operators’ Tabcorp Plc and Tatts Group have entered advanced talks to create an AUS $9 billion enterprise. The operators have previously engaged in merger discussions. In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms. Today both …
Read More »Ted Menmuir
Ladbrokes confident of 2016 targets as ‘recreational strategy delivers’
The governance of FTSE-listed Ladbrokes Plc is confident of delivering on its full-year 2016 expectations following the operator posting a fourth successive quarter of group revenue growth. Presenting its Q3 2016 trading update (period ending 30 September) Ladbrokes governance expects to post a 12% group revenue uplift delivering a strong KPI metrics across its divisions. Of particular note, the operator …
Read More »No Go…William Hill & Amaya end merger talks
The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …
Read More »BoyleSports queries CMA regarding the sale of Ladbrokes-Coral shops
Irish independent bookmaker BoyleSports has publicly ‘communicated its concerns’ to the UK Competitions & Markets Authority (CMA) regarding the sale of 359 retail betting shops as part of the pending Ladbrokes-Coral merger. The bookmaker was disappointed to have had its larger bid turned down by Ladbrokes and Coral governance in favour of a lower combined £55.5 million cash bid by …
Read More »Fibetco gains ‘Danish Gambling Heavyweight’ with H.C. Madsen joining its board
Fibetco the operating company of BetOnFinance.com, has announced the appointment of Danske Spil Chief Executive Hans Christian Madsen (H.C. Madsen) to its board of directors. Madsen, who has announced his upcoming departure as leader of Danske Spil in March of this year, joins Fibetco as a governance advisor with the operator preparing for European expansion of its unique financial betting services. Having …
Read More »European expansion sees Betsson open second Malta office
Stockholm-listed European sports betting operator Betsson AB (Betsson) has confirmed that it will open a second office in Malta, situated in the town of St Julian’s (Maltese: San Ġiljan). The new office named the ‘Betsson E2 Hub’ will house approximately 300 employees acting as a support department for the operators growing European footprint. Confirming the office opening to SBC, Betsson …
Read More »Texas Lottery extends lottery supplier services contract with IGT Group
Updating the market, IGT Group (IGT) has informed that it has signed a six-year supplier services extension with the Texas Lottery Commission (Texas Lottery). The extension sees IGT continue to serve as the Texas Lottery’s principal solutions provider through to August 2026. The Texas Lottery has been a customer of IGT since its initial foundation in 1992. The partnership will …
Read More »Frankie Dettori & Victoria Pendleton get racing seats with ITV
Presenting its full broadcast schedule for UK racing in 2017, ITV Sports has revealed Frankie Dettori and Victoria Pendleton as new members of its ‘ITV Racing team’. ITV who takes over UK racing terrestrial broadcast from Channel 4 in January 2017, announced that legendary champion jockey Dettori would take on the role of ‘racing expert’. Pendleton a two-time Great British …
Read More »UK Sports minister wants outright 10% bookmaker charge for UK racing levy
The UK Racing Levy Scheme has again hit national headlines, as UK Sports Minister Tracey Crouch detailed to industry stakeholders that her department intends to place a 10% gross profit charge on all racing wagers whether placed via a retail bookmaker or online. Crouch and the Department of Culture, Media and Sports will seek to implement the industry charge which …
Read More »EIG 2016: Amitabh Ghatak – Reality Bites…embracing new technology
The industry’s relationship with new technology and its impact on consumer trends and behaviour will be a key point of discussion at this week’s EIG 2016 Conference (Arena Berlin 18-20 October). Amitabh Ghatak former William Hill Head of Product Development details to SBC how operators and industry stakeholders should assess and value new technologies entering the industry’s value chain. __________________________ …
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