Retail

Martinez Sampedro family seeks highest fee for Codere exit

The boardroom dispute impacting the future of Bolsa Madrid gambling group Codere SA has intensified as the enterprise founding  Martinez Sampedro family places a Spanish Capital Markets Commission (CNMV) claim against US investor Silver Point Capital. The two-year dispute takes a further turn, on a matter which an embattled Codere governance outlined would be resolved at the firm’s ‘critical AGM’ scheduled …

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Fair Play… GVC Holdings outlines year of wholesale CSR change

FTSE100 gambling group GVC Holdings has this morning published its 2019 ‘Fair Play – Corporate Social Responsibility Report’ outlining the multiple changes governing the company’s long-term corporate sustainability objectives. In the report’s forward statement, GVC Independent Non-Executive Director Virginia McDowell acknowledges the new responsibilities demands placed on the company which now operates global gaming’s largest online gambling portfolio, employing 25,000 …

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Simon Stevens – Betting should pay ‘NHS tab’ on problem gambling

NHS England Chief Executive Simon Stevens has stated that UK licensed betting operators should compulsory fund the treatment of problem gambling networks across the UK. Stevens is the latest UK public health figurehead to call for the government to implement a ‘mandatory levy’ on UK betting incumbents, stating that it would be unfair for taxpayers to ‘pick-up the huge tab for …

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Slovak Hockey praises Tipsport’s vital support

Hosting a press conference in Bratislava, Richard Lintner, Director General of Hockey Slovakia, has personally thanked bookmaker Tipsport for its support of the ‘pro-league’ during a crucial transitional period for the sport in Slovakia. Leading Slovak pro-hockey, Lintner announced that Hockey Slovakia had secured its most important commercial partnerships to date. Tipsport would remain as title sponsor of its ‘Slovenská …

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Bookies survive Dettori’s Ascot heroics

Frankie Dettori enjoyed yet another successful day at the Royal Ascot festival yesterday, guiding Stradivarius to a second successive Gold Cup victory, while also winning the first four races on Ladies’ Day, leaving bookmakers to breathe a slight sigh of relief. Following the four successive wins yesterday, it has been reported that the jockey was close to costing betting operators …

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Bacta launches campaign to ‘re-energise British seaside communities’

Bacta, the trade association for the UK amusement/arcade sector, has launched its ‘Siding with the Seaside’ campaign to ‘re-energise Britain’s coastal communities, who in recent years have faced increasingly challenging economic conditions’. The campaign sees Bacta champion coastal communities, by driving greater awareness of the unique business and economic challenges faced by British coastal towns. Bacta governance highlights that at …

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Lord Goldsmith QC to head up new commission on ‘crime and problem gambling’

UK prison reform charity, the ‘Howard League for Penal Reform’ has launched a new commission investigating links between problem gambling and criminal behaviours. The Howard League has disclosed that the first meeting of its ‘Commission on Crime & Problem Gambling’ took place in London on 20 June, kick-starting a three-year research project led by Attorney General Lord Peter Goldsmith QC …

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Svenska Spel appoints trusted hand Mikael Franzén as Group IT lead

Swedish state-owned gambling operator Svenska Spel has confirmed the promotion of Mikael Franzén to the position of Group IT Director. Franzén currently serves as Vice President of Svenska Spel’s B2B sports & casino division and will assume his new role on 1 September 2019, reporting directly to Svenska Spel Group CEO Patrik Hofbauer. An expert in the development of gambling systems …

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Paschal Donohoe backs 2% betting levy despite Irish job concerns

Irish Minister for Finance Paschal Donohoe has backed the country’s betting tax regime following a number of claims from Irish TD’s that the increased levy has put over 1,800 jobs at risk.   Speaking at the Dáil yesterday,  Sinn Féin’s finance spokesman Pearse Doherty emphasised to the committee that first quarter results for the industry have demonstrated that smaller, independent …

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Industry big guns issue response on levy commitment

Five of the industry’s big guns have shed light on recent revelations that there would be a collaborative effort in improving problem gambling initiatives by boosting levy contributions from 0.1 per cent up to 1 per cent over the next five years. It was reported by the BBC yesterday that CEOs from Bet365, Flutter Entertainment, GVC Holdings, Sky Betting & …

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