The Greyhound Board of Great Britain (GBGB) has responded to concerns raised by Peterborough Greyhound Track regarding the resumption of the sport. Following confirmation that the sport would be targeting a 1 June restart date, Richard and Rob Perkins published an open letter to GBGB explaining that the track at Peterborough would be unable to commence trials until it receives …
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New York-listed International Game Technology Plc (IGT) has moved to amend its revolving credit facilities agreement and further terms on its loan facility arrangement, helping the firm navigate ongoing COVID-19 headwinds. The amendments modify the agreements in a number of ways. Firstly, the requirement to maintain a maximum ratio of total net debt to EBITDA and a minimum ratio of EBITDA …
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The Betting and Gaming Council (BGC) has backed the government continuing its UK furlough scheme until October, branding it a much needed measure to help support around 64,000 of the industry’s workforce. Yesterday, Chancellor Rishi Sunak pledged that the government would continue its business relief measures, in which a furlough scheme has been established to pay ‘80% of wages up …
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The Greyhound Board of Great Britain (GBGB) will work towards a 1 June resumption date after the publication of the UK government’s roadmap out of COVID-19 lockdown. Responding to the latest government guidance, GBGB Managing Director Mark Bird confirmed that the sport is already working towards a timetable to restart racing, beginning with a two-week trial period already mooted to …
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Scientific Games (SGC) has booked a net loss of $155 million as part of its Q1 2020 trading update, citing that COVID-19 disruptions have impacted all business channels. Operating in unprecedented times, SGC has witnessed its land-based casino customers temporarily close their venues across all jurisdictions. Meanwhile, further COVID-19 disruptions have impacted the Nasdaq technology group’s commercial pipeline for SGC …
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Senior executives from British horseracing have “committed to plan for resumption” after the government gave the green light for the sport to return behind closed doors from 1 June at the earliest. In its document, Our Plan to Rebuild, the government said it planned for sporting and cultural events to resume behind closed doors as part of the second step …
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Bolsa Madrid observers are monitoring Codere SA movements closely after Spanish business news sources reported that the gambling group is on the ‘precipice of bankruptcy’. Burning a reported €25 million a month on working capital (excluding debt repayments), Codere has been looking for urgent funds to keep its business units afloat. Global Coronavirus disruptions have forced Codere to shut down …
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The Betting and Gaming Council (BGC) has written to the Welsh government, urging for a rethink on the terms attached to its business relief programme, which have excluded bookmakers and gambling enterprises from retail reprieves. BGC CEO Michael Dugher has written to Welsh First Minister Rebecca Evans warning the government that more than 2,000 jobs will be placed at risk …
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Leading CIS markets bookmaker Fortuna Entertainment has completed the full migration of its Polish sportsbook property onto the Playtech ‘IMS platform’. Optimising its group omni-channel capacities, Fortuna has sanctioned Playtech to deploy new systems integrations across its active market portfolio, which sees Poland join Fortuna’s home markets Slovakia and the Czech Republic in upgrading to IMS. Completing its Polish deployment, …
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New Zealand’s Racing Industry Transition Agency (RITA) has confirmed that it will be launching a consultation focusing on changes to the TAB as a result of COVID-19. Changes include a 30% reduction on staff numbers, as well as other cost saving measures aimed at reducing total expenditure. RITA Executive Chair, Dean McKenzie, emphasised that the changes are required to ensure …
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