Retail

The board of Codere SA has been granted approval by shareholders to proceed with the ‘liquidation arrangement’ agreed last month with existing creditors.  Shareholders of the Bolsa Madrid gambling group have approved the terms of the liquidation agreement, allowing for creditors to take control of the embattled firm – the liabilities of which are reported to stand at €700 million. …

British horse racing’s leading authorities have made a commitment to improving diversity and inclusion within the sport in order to ensure it continues to ‘grow and thrive in the future’. The new commitment will build on existing initiatives employed by the sector to promote diversity, including community engagement, education activity and charitable work. Stating that British horse racing is ‘proud …

England’s racecourses are preparing to reopen their doors to spectators next week, an event described as a ‘huge milestone’ by the Racecourse Association (RCA). Up to 4,000 racing fans will be able to reenter the racecourses as of 17 May,  under the government’s official roadmap for the easing of the UK’s national lockdown. Further lifting of restrictions will take place …

A new era for Italian gambling has started after Gamenet Group completed its €1.1 billion buyout of IGT Plc’s Lottomatica B2C subsidiaries.  This morning, Gamenet and IGT disclosed that all final arrangements had been concluded in the sale of Lottomatica’s Scommesse (sports betting) and Videolot Rete gaming machine units. Finalising its acquisition, Gamenet has confirmed that it will now operate …

An extended video deal between Spotlight Sports Group and bet365 will see the Stoke-based betting and gaming operator retain exclusive sponsorship of the Cheltenham Festival series, ‘Upping the Ante’, hosted by Racing Post’s David Jennings and Gavin Lynch. In addition to the successful Cheltenham series, bet365 will also continue as exclusive sponsor of ‘What A Shout’ – a weekly Friday …

Live racing data support Total Performance Data (TPD) has strengthened its position in the Latin American (LatAm) horse racing market via a partnership with ElTurf.com. In an extension of its global market status, the addition of Latin America has enabled TPD to expand its operations to three continents, having already maintained its presence in Europe and North America. TPD will …

The Racecourse Association (RCA) remains in talks with the UK government’s Events Research Programme (ERP) regarding the return of spectators for the Royal Ascot meeting between 15 and 19 June. As reported by the Racing Post, David Armstrong, Chief Executive of the RCA, confirmed that the organisation is still in discussions with the government ahead of the easing of national …

US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit.  A secondary offer of AUS 3.5 …

Athens-listed Intralot SA has published its financial results for the 2020 fiscal year, prepared in accordance with IFRS, noting an almost 17% decline in revenue after its lottery and sports betting industries were significantly impacted by the COVID-19 pandemic. For the 12 month period which ended on December 31, 2020, Intralot declared a group revenue of €364.8m, a 16.6% decrease …