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Bolsa Madrid gambling group Codere SA has informed investors that it has secured a further €20 million loan which will support its Mexican business unit.  Sanctioned on Friday 13 March, Codere governance secured access to an additional MXN 500-million-peso bond (€20 million) with debt terms set for maturity in 2025.   Updating investors, Codere stated that the loan has been sanctioned …

Following the decision to move greyhound racing behind closed doors, pool betting operator Colossus Bets has backed a number of kennel sweepstakes events at Central Park. Starting next week, heats will be staged on the Kent track’s SIS-covered Monday and Tuesday cards with the finals live on RPGTV on Sunday night. The operator was initially due to sponsor the longstanding …

Updating stakeholders, ITV Racing has confirmed that it has secured a last minute deal which will see it broadcast this Saturday’s Irish horse-racing event in Thurles. The announcement follows on from news that Horseracing Ireland (HRI) would continue its race fixtures behind closed doors for the foreseeable future amidst the coronavirus pandemic. The company will broadcast five races on ITV4 with the show being presented by Ed Chamberlin alongside …

In light of Chancellor Rishi Sunak’s package of new measures to support UK businesses during the COVID-19 pandemic, it has since been confirmed that betting shops and casinos will not qualify for relief in business rates. Backed by PM Boris Johnson, Sunak announced that the Treasury department had reserved £330 billion in business loans (equivalent to 15% of GDP) to …

Swedish gambling operator Svenska Spel has confirmed a further SEK5m will be committed in grants this year to fund a range of research projects targeting problem gambling. Those applying for grants can apply until 30 April to submit an application for funding from the 2020 round, which will be overseen by Svenska Spel’s Research Council and the Swedish Central Association …

Amid fast-changing COVID-19 developments, the UK Gambling Commission (UKGC) has detailed that it will maintain its fourth National Lottery competition timeline. International and domestic suitors had detailed concerns that the National Lottery tender would be delayed or postponed by the Commission in view of UK  COVID-19 disruptions. Issuing a statement to SBC, the Gambling Commission said: “We are carefully monitoring …

Internet Vikings a specialist provider of technology and software solutions for igaming and online betting incumbents has moved to strengthen its board appointing Stefan Backlund as a corporate advisor. An expert in B2B marketing, Backlund is the former VP of Marketing for leading e-merchant payment solutions provider Trustly, and the European marketing lead for fast-growth Scandinavian Fintech Klarna. Confirming Backlund’s …

The FA has confirmed that English football has collectively agreed to extend the postponement for all-levels of the professional play until Thursday 30 April.  The postponement has been agreed upon by The FA, Premier League, EFL and Women’s professional game, with the directive accepted by the PFA and LMA. English football has undertaken this decision facing ‘unprecedented times’ as UK …