Retail

German media association lambasts gambling advertising blackout

VAUNET, Germany’s media owners’ association, has become the latest market stakeholder to demand a redraft of the nation’s inbound ‘Fourth State Treaty on Gambling’. Representing 150 German media firms operating across all broadcast formats, VAUNET governance has stated that Treaty provisions on gambling advertising will undermine ‘regulated market channelling efforts’ serving as counterproductive measures to consumer safeguards. In January, Germany’s …

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New look Newgioco establishes LatAm subsidiary

Fresh from listing its business as a US Nasdaq enterprise, the governance of betting systems supplier Newgioco Group confirms that it has established ‘Newgioco Colombia SAS’ as a new subsidiary servicing LatAm market opportunities. Based out of Bogota, Newgioco Colombia will lead new distribution agreements within South American markets, supporting Newgioco Group’s newly established global growth strategy. In its update, …

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Tabcorp enlargement struggles test investor patience

Australia ASX-listed gambling group Tabcorp Holdings Plc has posted an underwhelming corporate performance, publishing its half-year 2019 trading results (six-month period ending 31 December 2019). Despite recording a 4% increase in corporate revenues to AUS 2.9 billion, Tabcorp results detailed a number of concerns for investors as it delivered a further quarter trading performance below market expectations. Tabcorp’s group performance …

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Scientific Games maintains improved results despite costly 2019 closing

Publishing its Q4 2019 results, Nasdaq-listed gambling and lottery technology group Scientific Games Corporation (SGC) has recorded period net losses of $37 million (Q42018: $207m). In its trading statement, SGC noted that during the period company accounts recorded a $40 million loss on debt transactions related to corporate bonds and a ‘$12 million remeasurement’ of its Euro-denominated debt. SGC Q4 2019 …

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Garzón confirms Royal Decree sign-off on 28 February

Alberto Garzón, Spain’s newly appointed Minister of Consumer Affairs, has revealed that Royal Decree reforms will be formally announced on Friday 28 February. Garzón made his statement addressing civil servants of Spain’s DGOJ gambling regulatory authority at a meeting hosted by the Consumer Affairs Ministry. The long-awaited reforms for Spain’s advertising code on gambling products are to be presented to …

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New look ARC revamps executive leadership team

UK racetrack operator Arena Racing Company (ARC) has moved to expand its corporate leadership team by confirming the appointments of Bradley Hunt as Chief Finance Officer (CFO) and Alex Slade as General Counsel. Both executives will serve in new roles within a restructured company, forming part of the new ARC senior management team A seasoned financial lead within the Entertainment …

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Conajzar Paraguay sanctions national lottery tender

José Antonio Ortiz Báez, President of Conajzar Paraguay’s ‘National Gambling Commission’, has disclosed that four companies are vying to become the new operating company of the ‘Paraguay Quiniela’ (National Lottery). Ortiz Báez disclosed that tender competition documents had been accepted by national competitors Paraguay TDP, Consorcio B Gaming and Daruma SA, joined by ‘IGT Foreign Holdings’ as the only international …

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William Hill appoints Adrian Marsh as new Group CFO

FTSE250 bookmaker William Hill has this morning confirmed the appointment of Adrian Marsh as new Group Chief Financial Officer (CFO) replacing incumbent Ruth Prior. Marsh joins William Hill’s executive leadership team from international packaging group DS Smith Plc, where he served as Group CFO during a seven-year tenure in which the company rose up the FTSE ranks, indexing as a …

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Spanish joint-proposal seeks to revamp Quiniela coupons with a female touch

Spain’s Professional Footballers Association (AFE) is working with centre-right political party ‘Ciudadanos’ (Citizens) to revamp Spanish football’s  ‘Quiniela’ (pools) by enhancing coupons featuring women’s football matches. The collaboration aims to present Congress with a draft proposal which will introduce Liga Futbol Femenino (LFF) ‘Primera Iberdrola’ matches, Spain’s top tier of women’s’ professional football, to Quiniela matchday coupons. The joint proposal …

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NSW issues Ladbrokes and Neds with its largest ever gambling fine

The New South Wales (NSW) Independent Liquor and Gaming Authority has fined Ladbrokes Australia and Neds a record $207,500 penalty for presenting wagering inducements to New South Wales residents. The fee is New South Wales’ largest gambling fine and follows the authorities recent crackdown on gambling regulations having also fined gaming machine technician Riad Allam and machine seller Justin Layden $100,000 …

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