Retail

French casino trade union demands ‘hard games protections’ on FDJ sale

French casino trade union ‘Casinos de France’ has written to the En Marche government demanding that its planned sale of state-owned gambling/lottery operator Francaise des Jeux (FDJ) be undertaken on specific terms which do not hinder national casino incumbents. The trade union, which represents staff working across forty French private/independent casino operators including Groupe Barrière, Partouche and Tranchant, states that FDJ’s …

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Government reshuffle sees Helen Whately appointed UK Gambling Minister

The Department for Digital, Culture, Media & Sports (DCMS) has confirmed the appointment of Helen Whately MP for Faversham and Mid Kent as its minister overseeing UK gambling. The Conservative government undertakes a reshuffle of departments and personnel, following the expulsion of twenty-one of its MPs and further senior cabinet resignations, having opposed the party’s stance over PM Boris Johnson‘s Brexit …

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UKGC fines Park Lane Club operator £1.8m for multiple AML & SR failings

The UK Gambling Commission (UKGC) has sanctioned of £1.8 million fine and licence warning to London casino operator Silverbond Enterprises Ltd in relation to social responsibility failures and money laundering violations. Silverbond is the operating company of the ‘Park Lane Club’ casino in Mayfair a property which the UKGC has placed under review since February 2016, under section 116 of …

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Ladbrokes named as sponsor for Down Royal’s Grade 1 Jumps

Down Royal racecourse has named Ladbrokes as the new sponsor for its first Grade 1 of this year’s jumps season, with the deal estimated to be the largest in Down Royal’s history. The race, which will now be called the Ladbrokes Champion Chase, comes as part of a six-figure deal between the racecourse and operator, with prize-money tipped at €140,000. …

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FA fines two in fresh crackdown on betting rules

The Football Association (FA) has issued a fresh crackdown on breaches of its betting rules after issuing both Yerry Mina and Jordan Stevens with fines and subsequent warnings. Mina has been handed a £10,000 fine and a warning over his future conduct, while Stevens was also fined £1,200 and a six-week ban from the sport.  An FA regulatory commission found …

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Western Australian Government gives the green light to sell TAB

The Western Australian Government has passed a new law which will develop a new framework to negotiate the sale of the TAB which will help support the Western Australian racing industry. The TAB Bill 2019, which will be subject to Royal Assent, will allow the Government to initiate a competitive sale process, with an aim of selling the business in …

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Jockey Club brings back £1m Chase Triple Crown prize money

The Jockey Club has outlined plans to award £1m in prize money to horses which can win the three most prestigious Grade One staying chases in the new 2019-20 season, in a bid to increase engagement with racing in the UK. The prize money, which will be the biggest bonus in jump racing, will be awarded to the owner, trainer, …

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US ruling allows Martinez Sampedro family full disclosure on Codere investors

Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds. Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to …

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PM tipped for further defeats says Paddy Power

As Parliament is due to be given another chance to vote for a general election on Monday, making it the second opportunity this week, Paddy Power has made it odds-on that MPs will choose to vote against an early election. Boris Johnson has faced a difficult week in Westminster, having faced a party rebellion, a number of resignations and a …

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Ulrik Bengtsson to take charge at William Hill as Bowcock bows out

In a surprise move, William Hill has announced a change in leadership in revealing that Ulrik Bengtsson is to replace Philip Bowcock as CEO at the end of the month. Bengtsson, previously William Hill’s Chief Digital Officer, has been appointed Chief Executive Officer Designate and a Director of the Company with immediate effect and will assume full CEO responsibilities from …

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