Retail

Scientific Games rebrands to ‘Light & Wonder’ following 2021 transformation

SBC News Scientific Games rebrands to ‘Light & Wonder’ following 2021 transformation

Scientific Games Corporation (SGC) has confirmed that it will rebrand its business identity to ‘Light & Wonder’ – to reflect its transformation into a ‘cross-platform’ games supplier for the global gambling sector.  The rebrand was announced as the headline of Scientific Games declaring its full-year 2021 results, in which the Nasdaq gambling technology group achieved a 27% increase in consolidated …

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IGT nets $950m profits as unit transformations bear fruit

IGT

IGT Plc has underlined the group-wide strategic progress achieved by its corporate transformation programme, as all business units surpass trading expectations.  Posting its full-year 2021 results, the NYSE gambling technology group registered corporate revenues of $4.1 billion, up 31% on corresponding FY2020 results of $3.1 billion. The firm’s Global Lottery unit achieved a 29% increase in revenues to $2.8 billion …

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Brent Dolan joins RAS Pty to oversee Northern Hemisphere expansion

Flutter finding its ‘edge’ across global markets amid regulatory and business changes

Australia-based betting data provider RAS Pty has appointed Brent Dolan as its Managing Director, tasking the new hire with coordinating its expansion in the Northern Hemisphere.  In pursuit of strengthening RAS’ foothold outside the Asia-Pacific region, Dolan will oversee development of the brand in Europe, including the launch of its Racing and Sports UK digital assets this spring.  The company …

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Bacta updates bactaPortal to boost functionality and value

SBC News Bacta updates bactaPortal to boost functionality and value

Bacta has made updates to its bactaPortal, launching version two of the safer gambling platform, as it aims to strengthen the functionality and value of its offering.  The new version of the portal has been developed to include a customer interaction recording solution, self-exclusion options, a compliance handbook and ‘seamless compatibility’ across mobile, desktop and tablet verticals. Additionally, the amusement …

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Flutter bears £288m loss as FY2021 stumbles on Stars M&A impairment

flutter

Flutter Entertainment Plc maintains confidence in expanding its leadership position across  all global markets, despite declaring full-year operating losses of £288 million.   The FTSE100 betting group detailed that its full year group revenue increased by 37% to £6.04 billion (2020: £4.4bn), although group EBITDA declined by 6% to £723 million from the previous year’s figure of £772 million.  In particular, …

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PostePay to purchase IGT’s Italian commercial payment business for €700m

SBC News PostePay to purchase IGT’s Italian commercial payment business for €700m

IGT has announced the sale of its Italian proximity payment business from its IGT Lottery subsidiary to PostePay for a total consideration of €700 million.  NYSE-registered IGT will directly sell LIS Holding and indirectly sell LISPAY, the two wholly-owned subsidiaries that constitute and provide its payments operations, which has established a prominent place in Italy. The sale price consists of …

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Former Health and DCMS Minister backs racing industry ahead of gambling review

SBC News Former Health and DCMS Minister backs racing industry ahead of gambling review

Matt Hancock, the former Secretary of State for Health, has outlined his support for the horse racing sector ahead of the Gambling Act review judgement, as reported by the Racing Post.  Expected sometime this spring, the government’s overhaul of the 2005 Gambling Act aims to address major changes in the British betting and gaming industry, notably the rise of online …

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Svenska Spel honoured for ‘most complete work’ in Employer Branding

Svenska Spel

Svenska Spel has been named one of Sweden’s top employers at the Magnet Awards, securing Gold in the Grand Prix category for Employer Branding. In particular, the state-backed sports betting and casino gaming operator was praised for having conducted ‘the most complete work’ on employer branding. The firm has attributed its success in the category to how it ‘highlights its …

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Danish regulator blocks record number of websites in 2021

SBC News Danish regulator blocks record number of websites in 2021

The Danish Gambling Authority (DGA), Spillemyndigheden, has revealed that it blocked 55 websites for illegal/unlicensed gambling during 2021, the highest figure registered in a single year. As detailed in its ‘Report on illegal gambling 2021’, the DGA – in cooperation with the Danish Tax Agency – completed six searches for potentially illegal websites in 2021.  The Authority had to take …

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Spanish monopolies ordered to cut sports sponsorship budgets 

SBC News Spanish monopolies ordered to cut sports sponsorship budgets 

The Spanish government has ordered state-owned companies to comply with a 2022 Budget Law order that will demand incumbents to drastically reduce their sports marketing and sponsorship budgets.  Enterprises such as SELAE, Spain’s state-run lotteries society and monopoly counterparts RENFE (rail networks) and Correos (the post office) can no longer spend more than 2% of their accumulated net profits on …

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