Retail

HWB appoints new members to complete equine welfare strategy

SBC News HWB appoints new members to complete equine welfare strategy

Three new members have been appointed to the Horse Welfare Board (HWB) to continue British horseracing’s commitment to the highest standards of animal welfare, safety, and aftercare. The HWB serves as the independent body on equine care and welfare standards reporting to the British Horseracing Authority (BHA). The board continues to prioritise the principal objectives of its “A Life Well …

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FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

SBC News FDJ clears Swedish financial audit to proceed with Kindred €2.6bn buyout

Groupe Française des Jeux (Groupe FDJ) has announced that it has received regulatory approval by Finansinspektionen, Sweden’s Financial Supervisory Authority, to proceed with its offer to acquire Kindred Group Plc. The Paris Euronext gambling group secures its Swedish market’s financial authorisation to formally launch its SEK 130 (€11.40) per share offer to acquire Stockholm-listed Kindred Group, a deal announced on …

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BHA expands High Value Developmental Races for 2024

SBC News BHA expands High Value Developmental Races for 2024

The British Horseracing Authority (BHA) has revealed programming of over 80 High Value Developmental Races for the 2024 Flat season worth more than £3m in total prize money. This initiative was in collaboration with British Stallions Studs (EBF), Juddmonte, Darley and Tattersalls combining to provide financial support for an essential part of the race programme, with the races involved also …

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Bacta welcomes ‘progressive’ DCMS talks for 3-to-1 ratio on AGC machine allowances

SBC News Bacta welcomes ‘progressive’ DCMS talks for 3-to-1 ratio on AGC machine allowances

Bacta’s National President to the UK John Bollom has issued a statement regarding DCMS consultations on machine allowances for arcades and bingo halls. According to the President, the Supplementary Consultation by the government is more than enough to provide an “optimum mix” of products to keep the adult gaming centres’ industry (AGC) going strong and lock its competitiveness at a …

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Svenska Spel to close Cosmopol Gothenburg & Malmö venues on 24 Feb  

SBC News Svenska Spel to close Cosmopol Gothenburg & Malmö venues on 24 Feb  

Svenska Spel has confirmed that it will close its Casino Cosmopol venues in the cities of Gothenburg and Malmö on Saturday, 24 February. The decision follows Svenska Spel’s conclusion of negotiations with the respective trade unions on the closure of venues deemed ‘no longer profitable’ for Sweden’s state-owned gambling group. The closure of Cosmopol’s Gothenburg and Malmö venues follows Svenska …

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FDJ maintains growth as lotto loses shine in 2023

SBC News FDJ maintains growth as lotto loses shine in 2023

Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering. This morning, the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn, up 6% on FY2022 comparative income of €2.46bn. Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA …

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BoyleSports: A refined horse racing relationship and navigating Irish regulatory change

SBC News BoyleSports: A refined horse racing relationship and navigating Irish regulatory change

Vlad Kaltenieks, CEO of BoyleSports, outlines the operator’s strategic vision to enhance fan engagement in horse racing, potential challenges or opportunities arising from the new Irish regulatory Bill and the overall importance of the sport in the country. SBC: Is horse racing BoyleSports’ primary sports sponsorship focus in Ireland or does it form part of a multi-dynamic marketing strategy?   VK: …

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PMU takes on Flutter’s full sportsbook solution 

SBC News PMU takes on Flutter’s full sportsbook solution 

Flutter Entertainment has announced that it will continue its long-standing B2B partnership with PARI MUTUEL URBAIN (PMU), providing a multi-channel sportsbook platform for the French horseracing’s principal betting operator. The B2B unit of Flutter Entertainment has serviced PMU’s sportsbook platform since 2010, a partnership that began under Paddy Power and has been maintained throughout the group’s multiple transitions. Upcoming developments …

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Kindred confident in success of joint ATG and Svenska Spel RG initiative

Kindred Group - Nils Andén, Tom Banks

Kindred’s responsible gambling initiative has picked up pace once more thanks to its collaboration with Sweden’s ATG and Svenska Spel.  The three operators, with the latter two being state-backed companies, started working together back in 2022 with the common goal of addressing the issue of problematic gambling behaviours in the Swedish market. Since then, the trio have been releasing joint …

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Allwyn to acquire majority stake in IWG

SBC News Allwyn to acquire majority stake in IWG

Swiss-based lottery operator Allwyn has become a majority investor in Instant Win Gaming Limited (IWG). Upon closing, the investment will give Allwyn a 70% stake in IWG’s operations. Stakeholders were informed that Allwyn will use existing capital to finance the investment. Stepan Dlouhy, Allwyn Chief Investment Officer, said: “Allwyn’s agreement with IWG will enable us to create and leverage high-quality …

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