Retail

All the news form the retail betting sector

DCMS secures £300m fund for sports winter survival

The Department for Digital, Culture, Media & Sport (DCMS) has pledged £300 million to safeguard professional sports’ immediate future, as confirmed in its ‘Sport Winter Survival Package’.  Emergency funds will be made available to sports governing bodies to distribute to clubs and organisations that have been affected by the ongoing COVID pandemic. Sports England will oversee the allocation of funds, …

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UK business figureheads join SAZKA’s National Lottery bid team

SAZKA Group has announced four new executive hires bolstering its UK leadership team, as the Czech gambling conglomerate aims to win the Fourth National Lottery Competition. Having formally submitted its application to compete for the UK’s next 10-year National Lottery concession (starting 2023), this month SAZKA revealed that its bid team would be formally led by Sir Keith Mills, the …

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Sokratis Kokkalis retakes leadership of Intralot

Intralot SPA has informed its shareholders that company founder and executive chairman Sokratis Kokkalis has been reinstated as Group CEO effective immediately.  The gambling technology and lottery systems provider issued a statement on the Athens Stock Engage disclosing that majority shareholder Kokkalis had retaken leadership of the firm, replacing Christos K. Dimitriadis as CEO.  The filing stated that Intralot had …

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More than half of Scottish betting shops temporarily closed under Tier 4 measures

More than half of Scottish betting shops temporarily closed under Tier 4 measures

Approximately 500 betting shops are expected to close their doors in Scotland from Friday evening when a number of local authorities will enter ‘Level Four’ restrictions. Under the measures, all non-essential shops, pubs, restaurants and all other hospitality across 11 authorities will be forced to close until 11 December as the government aims to suppress rising coronavirus cases. Announcing the …

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MP Philip Davies defends GVC contract against media backlash 

Conservative minister Philip Davies (MP for Shipley) has hit back at ‘inaccurate reporting’ by The Guardian which disclosed his paid work for GVC Holdings.  On Wednesday 11 November, the Guardian published a report revealing that Davies and fellow Tory minister Laurence Robertson (MP for Tewkesbury) had taken on consultancy jobs advising betting and gaming organisations. Citing Parliamentary disclosures, the Guardian …

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UK racing launches first directory to track the progress of community directives 

UK racing has launched its first ‘community directory’ to highlight the work of key stakeholders that are leading projects and directives to improve the sport’s health, welfare, education, participation and community involvement. Backed by the British Horseracing Authority (BHA), the directory has been developed by sports charity Racing Together in collaboration with The Racing Foundation and thoroughbred news source Godolphin. …

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Danske Spil orders Sportech pari-mutuel upgrade

Danske Spil, Denmark’s state-owned sports betting and lottery operator, has upgraded its horse racing wagering capacity by integrating Sportech’s flagship Quantum solution within its retail point-of-sales network. The Quantum upgrade will see Danske Spil’s entire retail network able to process pari-mutuel bets on horse racing, whilst providing a greater depth of pooled racing markets for customers. Danske Spil confirmed that …

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UK gambling rebounded in September as Premier League returned

consultation

New data published by the UK Gambling Commission (UKGC) has shown an increase in real event betting activity during September, driven by the return of Premier League football. The statistics aim to show the ways in which the relaxation of COVID-19 lockdown measures had impacted gambling behaviour across the UK, reflecting the period between March and September. September data indicated …

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LATAM woes see Codere track year losses of €240m 

Embattled Spanish gambling group Codere SA has published its Q3 2020 earnings report, revealing that its year-to-date corporate net losses currently stand at €240 million.  The Bolsa Madrid gambling firm continues to absorb COVID-19 impacts following a staggered reopening to its South American gambling venues, combined with severe LATAM currency fluctuations against the US dollar. Despite reopening its European (Spain …

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Apollo ends interest in William Hill buyout but observes Caesars’ developments

New York private equity fund Apollo Global Management has terminated its pursuit of a William Hill Plc buyout.   This morning, Apollo stated that it would not disclose any formal bid for William Hill to rival the £2.9 billion cash offer made by Caesars Entertainment – a deal which has been accepted and recommended to shareholders by William Hill’s board of …

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