Codere SA is reported to be fighting for its survival, seeking new investment options to refinance its long-standing €900 million corporate debt bonds. Spanish business news source El Confidencial has reported that the Spanish gambling group has sanctioned Bank of America to lead renegotiations with bondholders for a further two-year extension on debt maturity terms which are set to expire in 2021. …
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Française des Jeux (FDJ) has secured access to a €380 million syndicated loan, in which funds will be utilised to repay the French state’s agreed 25-year national lottery operating concession. Prior to becoming a publicly listed enterprise by floating on the Paris Euronext Exchange last November, the French government had granted FDJ a 25-year extension on its existing national lottery …
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UK gambling standards association The Senet Group has this afternoon confirmed that it will transfer its responsibilities outright to the newly formed Betting and Gaming Council (BGC). Established in 2014, the Senet Group was initially formed by the UK’s legacy ‘Big 4’ high-street bookmakers’ Ladbrokes, Coral, William Hill and Betfred in a move to streamline industry responsibility standards. Significant achievements …
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The Malta Gaming Authority (MGA) has confirmed that it will be ‘increasing industry outreach’ to ensure that all licensees are compliant with regulatory expectations during the ongoing COVID-19 pandemic. The regulator has suggested that the widespread cancellation of sporting events across the globe will encourage operators to bet on products offering ‘different risk profiles to those traditionally offered’. The MGA …
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Keeping audiences entertained during lockdown, Paddy Power has become the first bookmaker to launch a comedy mini-sitcom series titled ‘The Mascot’, which will be broadcast across its social media profile. The four-part sitcom scripted by Noel Slevin and Steven Quick of Paddy Power’s Social Media team follows ‘Frank the Dinosaur’, the former disgraced mascot of Basildon Athletic FC. The Mascot …
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GambleAware has called for ‘continued collaboration’ between the industry, treatment providers, healthcare agencies and local authorities to ensure ‘the success and expansion of the National Gambling Treatment Service’. In an open letter in response to the House of Lords Social and Economic Impact of the Gambling Industry Committee, the charity clarified the overall structure of the organisation and addressed any …
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Norway’s government has confirmed that state-owned racing operator Rikstoto will continue to function as an independent entity. Last November, the Norwegian government ordered the Ministry of Culture to undertake a review of state-owned gambling assets, assessing whether its larger Norsk Tipping lottery and wagering franchise should absorb Rikstoto services. The Ministry’s review further evaluated whether Rikstoto’s state racing monopoly and …
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London-based video virtual sports specialist Highlight Games has secured a new agreement with Wanda Sports Group subsidiary, Infront. Under the terms of the deal Infront, the exclusive media and marketing partner of the International Ice Hockey Federation (IIHF), will provide archive footage from the IIHF Ice Hockey World Championship. Highlight Games will then create betting experiences using past competition footage. …
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Last week, Sportradar announced the launch of ‘Simulated Reality’, which offers clients a new sports betting category matching real-life sports engagements. Speaking exclusively to SBC, Werner Becher, Sportradar Managing Director for US Betting, outlined the journey to launch and tech capacity for Simulated Reality – a product arriving at the most critical time for the industry. ______________ SBC: Can you explain …
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As COVID-19 continues to dominate global headlines, Regulus Partners kicks off the week by looking at how the gambling industry has stepped up to the plate in supporting its staff and global efforts in tackling the spread of the virus. Global: When the going gets tough – many gambling businesses step up to the plate It is said that a …
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