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Tabcorp Holdings will proceed with its intentions to demerge its Lotteries & Keno and Wagering & Gaming units with the objective of ‘creating two market leading companies’, following the completion of its ‘comprehensive strategic review’. Approved by company Chairman Steven Gregg and the company’s new board of directors, Tabcorp believes that the unit divestments will deliver Tabcorp investors their long-awaited …

Licensing expert David Clifton, Director at ‎Clifton Davies Consultancy, tries to read the runes (or the many strategy documents) to discern what the new Gambling Commission (UKGC) CEO has to deal with during his 18 month tenure. The last month has seen the arrival of a new, albeit ‘interim’, Chief Executive at the Gambling Commission. With an employment background of …

From London to Wall Street, the interim results of global gambling’s listed incumbents will be probed as the industry faces systemic changes inbound during the second-half year trading. Though the finely balanced outcome of the UEFA Euro 2020 Championships will impact incumbents bottom lines – city analysts will be focused on evaluating which companies are best equipped to thrive in …

The Betting and Gaming Council (BGC) has called on the government to strengthen the gambling sector’s customer complaints process by establishing an industry ombudsman. Although a system for dealing with customer complaints already exists, the betting and gaming industry standards body has argued that the creation of an ombudsman would improve consistency of the process as well as its general …

Denis Egan, the CEO of the Irish Horse Racing Regulatory Board (IHRB), has announced his early retirement from the position, effective from 30 September 2021. Egan first joined the Turf Club in 1995 and became the CEO of the organisation in 2001, after which he transformed the regulatory arm of The Turf Club into the IHRB in 2018, taking on …

1account has initiated a consultation with leading gambling industry figures for views on how digital technology can assist gamblers with tracking their financial position across multiple accounts in real time. The firm has cited research from the UK Gambling Commission (UKGC), the average UK gambler has three betting accounts, whilst younger gamblers are likely to have five or more accounts. …

Online sportsbook operator VBET has penned a three-year deal for the title sponsorship of the Ukrainian Premier League (UPL). As part of the collaboration – which will focus on the development of the vision and the sport in the country ‘in general – the UPL will be referred to as the VBET League, with the competition adopting a new logo …

Kindred Group is set to strengthen its igaming operations via a full takeover of Relax Gaming, acquiring the remaining 66.6% of the firm’s shares. Conducted at an implied value of €320 million for 100% of the shares on a cash and debit basis, the purchase will see Kindred pay an initial consideration of around €80 million, settled in cash upon …

The acquisition of Gamesys Group by Bally’s Corporation is now closer to completion, after the board of the US betting and gaming conglomerate obtained the required votes for all shareholder approvals. Under the terms of the initial takeover agreement signed in April, the merger will see Bally’s, in cooperation with Premier Entertainment, acquire the entire issued and to be issued ordinary …