International Game Technology (IGT) has confirmed the appointment of Mario Di Loreto to the new role of Executive Vice President of Human Resources, Organisation & Transformation. The executive appointment will see Di Loreto a report directly to IGT Plc Group CEO Marco Sala. The company detailed that it had hired Di Loreto to oversee group HR leadership and strategy as …

Tennessee has become the latest US state to regulate daily fantasy sports (DFS) services, passing its ‘Fantasy Sports Act 2016’ motion into law on 1 July. State lawmakers will begin processing licensing application schemes, allowing US-based operators such as DraftKings, FanDuel and Yahoo Sports to operate services for Tennessee consumers. The ‘Fantasy Sports Act 2016’ was passed despite the state …

Industry start-up Football INDEX has stated that the “world’s best footballers are a better bet than Britain’s 100 biggest listed companies”. This morning Football INDEX a footballer performance-based stock market stated that its data showed that the value of 200 of the world’s leading footballers’ has more than doubled since its index launch last October. The growth of its footballer …

The UK Advertising Standard Authority (ASA) has rapped Paddy Power for its Cheltenham 2016 ‘Complaints Line’ advert for using a misleading promotion. The TV advert created by London agency Lucky Generals featured comedian Kayvan Novak’s characters promoting Paddy Power’s ‘Money Back as a Free Bet’ on all second places at Cheltenham 2016 offer. The advert would see the bookmaker further …

bettingexpert, Europe’s biggest sports betting player portal has revealed that just 1 in 100 football fans had predicted Wales’ incredible Euro 2016 journey. Analysing data from almost 30,000 football fans who entered its ‘bettingexpert Euro 2016 Predictor’ game ahead of the tournament start date (10 June), bettingexpert revealed that just 366 (1.32%) believed Wales could make it to the semi-final …

Online bingo and games operator Tombola has committed £5 million towards building its new headquarters in the city of Sunderland (County Durham). Speaking to North East news sources, Phil Cronin founder of Tombola stated that he wanted to build the ‘best business campus’ for the city of Sunderland. At present Tombola, which runs the UK’s most popular online bingo room …

Despite increasing corporate revenues to £10 billion, UK bookmaker Betfred has posted an operating loss of £76.6 million (52-week period ending 27 September 2015). Filing its annual return with UK Companies House the Manchester-based operator reported that its financial performance had been impacted by increased gambling taxes which lowered operating margins. Furthermore, the bookmaker like its industry competitors was hit …

European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

Comedian Steve Coogan and former Isle of Man TT rider Guy Martin are 5/1 joint-favourites to replace Chris Evans as lead presenter of BBC’s Top Gear motoring show. This weekend Evans announced that he would not return for a second series of Top Gear, stating that he had tried ‘his best, but it just did not work out’. Publishing an …

Financial advisory group Davy has lowered sector-wide growth forecasts for UK-listed gambling operators as a result of BREXIT. The ‘Leave’ outcome has forced Davy to review the current positions of listed gambling operators as the UK economy faces months of fiscal and legal uncertainty.    Issuing a market note, Davy analysts detailed that UK legacy operators with both large retail …