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The governance of Tabcorp Holdings remains positive that it will conclude its planned AUS $11 billion merger with Tatts Group despite this week’s set-back following the Australian Federal Court’s ruling to ‘refer back’ the deal’s review by the Australian Competition Tribunal (ACT). The Tabcorp-Tatts merger hit a further hurdle on Wednesday, as the Federal Court sided with former deal supervising …

Independent bookmaker Betfred is ready to scrap its entire commercial relationship with UK racing, detailing that it will no longer sponsor events and cull its entire on-course betting portfolio. A frustrated Fred Done founder of Betfred has stated to the Racing Post that his company ‘can live without the sport’ and that the bookmaker’s ‘association with racing is now broken’. …

Double C Foundation a new industry body focusing on the development of crypto facilities and dynamics for the gambling sector has announced that it will relaunch CasinoCoin (CSC). CasinoCoin is an open source, peer-to-peer cryptocurrency designed specifically for the regulated online gambling industry, Double C Foundation aims to relaunch the coin with the aim of bringing crypto functions to a …

The Federal Court of Australia has dealt a major blow for the planned merger of Tabcorp Holdings and Tatts Group, ruling against the Australian Competition Tribunal’s (ACT) right to approve the AUS $11 billion combination. Former merger review body the Australian Competition & Consumer Commission (ACCC) had filed for a Federal Court review in July 2017, having been dropped by Tabcorp …

Nasdaq gambling technology supplier Scientific Games Corporation (SGC) has moved to significantly bolster its digital gambling operations by detailing that it has entered ‘a definitive agreement’ to acquire Toronto TSX-listed NYX Gaming Group, owner of leading sports betting supplier Openbet. Updating the market this afternoon, SGC governance has detailed that it will propose a CAD $2.40 per share offer to …

In an interview in the Racing Post, Ladbrokes Coral CEO Jim Mullen has again addressed concerns regarding this October’s industry review by the UK government of FOBTs wagering levels and advertising standards. As leader of the UK’s biggest retail bookmaker, Mullen admits to the Racing Post, that he has “probably invested far too much thinking time” on the outcome of …

Sportech Plc has this morning informed that Chief Executive Ian Penrose and Chief Finance Officer Mickey Kalifa have both notified the board of their ‘intentions to resign’ from company leadership. The London-listed betting and racing systems provider informs that Penrose will maintain leadership of the company until 31 December assisting Sportech governance in its leadership transition. Kalifa’s CFO resignation is …

Updating the market, Toronto TSX-listed The Stars Group (formerly Amaya Inc) has announced that it has raised its full-year 2017 corporate guidance. Based on its current year-to-date performance, The Stars Group governance has detailed to investors that it will now target group corporate revenues of $1.28-1.31 billion, upping its prior forecast of $1.20-1.26 billion. The revised guidance will now see …

FTSE100-listed online betting group Paddy Power Betfair (PPB) has streamlined its affiliate marketing terms of business, adding a new ‘1 Strike Policy’ to its Betfair and Paddy Power partnership programs. The company has informed its affiliate that it will immediately suspend any marketing partner found to have breached its promotional/messaging guidelines. PPB states that it has implemented the 1 Strike …