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Blackstone continues Spanish affair acquiring Giga Games

Spanish Gambling firm Grupo CIRSA has confirmed that it has acquired slot machine distributor and gaming hall operator Giga Games, from Spanish private leisure and gambling fund Conei Corporacion. The transaction sees the Lao Hernandez family engage once more with US private equity group Blackstone, who last year acquired CIRSA from Spanish gambling tycoon Manuel Lao Hernandez for approximately €1.5 billion. …

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Brand focused Camelot appoints Keith Moor as new marketing lead

UK National Lottery operator Camelot Group has confirmed the inbound appointment of Keith Moor as new Chief Marketing Officer (CMO). Moor is the current CMO of Santander UK and is expected to join Camelot’s executive leadership team from September 2019. The executive will be tasked with leading marketing strategy and media planning for the National Lottery, including the responsibility of …

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Grosvenor improvements see Rank delivering on Transformation agenda

Publishing its Q3 2018/19 trading update (quarter period ending 31 March), the governance of London-listed gambling group Rank Group Plc details that its transformation programme is delivering on ‘expected cost savings’. Reflecting previous trading updates, Rank details that it has recorded improved digital revenues (+2%), whilst its venue like-for-like revenues remain flat. Nevertheless, the UK gambling group reports an improvement …

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AGCOM lays out stark reality of Italian advertising ban

Italy’s media and advertising regulatory body has published its long-awaited guidance on Italian gambling advertising, bringing transparency to the approved ‘Dignity Decree’ mandate installed by the Lega-5Star coalition government. Italian betting stakeholders have waited a year for AGCOM to publish its regulatory guidance on the Dignity Decree, which from 14 July 2019 will implement an outright blanket ban on gambling/betting …

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Mims Davies – New National Strategy reflects modern concerns of tackling problem gambling

Mims Davies MP, the UK Minister for Sports & Civil Society (DCMS), has stated that the UK government will fully support the UK Gambling Commission (UKGC) in implementing its new ‘National Strategy to Reduce Gambling Harms’. Appointed last November as UK Sports Minister, following the well-publicised resignation of Tracey Crouch in protest of ‘FOBTs delays’, Davies details the UKGC’s national …

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UKGC forms its widest collaboration on reducing problem gambling harms

Publishing its ‘National Strategy’ on gambling harm reductions, the UK Gambling Commission (UKGC) has called on its widest network of stakeholders to combat gambling harms. Presenting its ‘three-year strategy’, the UKGC details that it will coordinate with UK health bodies, charities, communities, regulators and wider businesses on tackling problem gambling. The Commission’s new strategy has established two strategic priorities in …

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GVC pushes for complete ban on TV Advertising

shareholders

Issuing a corporate statement, the governance of FTSE100 gambling group GVC Holdings has this morning called for an end to all ‘UK sports-betting broadcast advertising, at any time of the day’. In its statement, GVC declares that it believes that the inbound ‘TV whistle-to-whistle’ advertising ban, set to be implemented from 1 July will not serve the industry for its …

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Tech eyes monitor Douyu IPO ambitions

Tech analysts are monitoring the movements of Chinese live streaming platform ‘Douyu’ closely, as the company files for a listing on the New York Stock Exchange this April. Branded as ‘China’s answer to Twitch.Tv’, the popular live streaming platform owned by Amazon, in its SEC submitted prospectus Douyu’s executive team seeks to raise $500 million from its New York IPO. …

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Home market costs sit heavy on Kindred Group’s 2019 opening

Stockholm-listed Kindred Group Plc reports a tough opening to its 2019 trading, as the online gambling group undertakes a series of adjustments related to its home market of Sweden. Publishing its unaudited Q1 2019 trading update , Kindred maintains its strong group revenue momentum recording ‘Gross winnings’ of £224 million (Q1 2018: £208m), However  Swedish market costs have impacted metric …

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US lotto disruptor Jackpocket secures Gavin Issacs as corporate advisor

SBTech Isaacs

SBTech Chairman Gavin Issacs, one of global gambling’s leading figureheads has backed New York start-up Jackpocket, an enterprise seeking to revolutionise consumer lottery engagements across all US states. Issacs the former Group Chief Executive & President of Scientific Games (2014-17), will act as a senior advisor to Jackpocket’s board, leadership and investment partners. Founded by tech entrepreneur Peter Sullivan, Jackpocket …

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