Retail

The Chairs of Czech international lottery operator Allwyn and its parent company, investment firm KKCG, have joined wider industry and global condemnation of the Russian invasion of Ukraine.  Penning an open letter this morning, the two firms described Vladimir Putin’s military action against his western neighbour as a ‘senseless act of aggression’, whilst also decrying the ‘barbarism’ of the President’s …

Total Performance Data (TPD) has signed an agreement with the Jockey Club of Saudi Arabia (JCSA), to track data from the Saudi Cup race meeting.  The multi-year deal was launched at this year’s Saudi Cup, held last weekend, with the live horse race data provider leveraging its tracking system at the event in cooperation with the JCSA. Moving forward, TPD …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …