Featured News

News that the SBC Team choose to highlight

CIRSA demands that Ladbrokes offload stake in Sportium joint-venture

May 2, 2019

SBC News CIRSA demands that Ladbrokes offload stake in Sportium joint-venture

Spanish business news source Economia Digital reports that Grupo CIRSA has sued joint-venture partner Ladbrokes (GVC Holdings) in relation to the ownership structure of its ‘Sportium’ subsidiary. Economia Digital reports that, in July 2018, CIRSA governance filed a Madrid Court challenge against Ladbrokes stating that Sportium joint-venture terms and agreements had been completely altered by GVC Holdings £4 billion takeover of …

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LeoVegas positive over 2019 outlook despite UK & Sweden adjustments

May 2, 2019

LeoVegas

Stockholm-listed online gambling group LeoVegas AB has detailed a positive opening to 2019 trading, as the company adjusts to new regulatory conditions within the UK and Sweden. Publishing its Q1 2019 trading update (period ending 31 March), LeoVegas reports a 12% increase in corporate revenues to €86 million (Q12018: €77m), as the company records double-digit growth in customer metrics related …

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Global profile helps Paddy Power Betfair post strong 2019 opening

May 2, 2019

SBC News Global profile helps Paddy Power Betfair post strong 2019 opening

FTSE100 gambling group Paddy Power Betfair (PPB) has reported a strong start to 2019 trading, despite recording unfavourable sporting results in the UK and Ireland. Publishing its Q1 2019 trading statement (for the period ending 31 March), PPB reports a ‘good underlying momentum’, as group revenues grow 17% year-on-year to £478 million (Q12018: £408m) driven by ‘excellent growth in both …

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Blackstone continues Spanish affair acquiring Giga Games

May 2, 2019

SBC News 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

May 1, 2019

SBC News 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

May 1, 2019

SBC News 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

April 30, 2019

SBC News 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

April 29, 2019

SBC News 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

April 25, 2019

SBC News 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

April 25, 2019

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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