Horse racing across Ireland came to a halt last night following new restrictions imposed by the Taoiseach Leo Varadkar, which has seen all sporting events cancelled until 19 April at the earliest due to COVID-19. Irish racing has been taking place without spectators since 13 March, and was subject to strict controls. The restrictions meant that race meetings were closed …
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The Malta Labour Party has sanctioned wholesale upgrades to its economic rescue package to support vital industries disrupted by the ongoing global Covid-19 crisis. Yesterday, Prime Minister Robert Abela unveiled a raft of new economic measures to protect Malta’s business community and workforce. Malta’s Treasury has pledged to commit €61 million per month to support the employer payroll for its …
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New York-listed gambling technology and lottery systems supplier IGT Plc has moved to strengthen its corporate governance and general counsel by confirming the appointment of Beatrice H. Bassey as an independent advisor. The strategic appointment of Bassey will see the executive counsel IGT governance on group legal oversight and support the firm’s executive leadership team on ongoing compliance directives related to …
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Greyhound racing has become the latest sport in the UK to be suspended due to the ongoing COVID-19 pandemic, with the decision coming into effect as of today. The suspension, confirmed by the Greyhound Board of Great Britain (GBGB), follows on from Boris Johnson’s package of new restrictions on travel and social engagements which will be reviewed in the next …
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IGT has concluded its four-month executive search after confirming the appointment of Massimiliano ‘Max’ Chiara as its new Group Chief Financial Officer (CFO), effective from 6 April 2020. Max Chiara will replace long-term CFO Alberto Fornaro, who ended his nine-year tenure leading IGT’s financial units last December, joining South Korean e-commerce retailer Coupang Group. Updating investors, IGT has stated that …
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The All Party Parliamentary Group for the Racing and Bloodstock Industries has urged the government to play a role in ‘securing the future and sustainability’ of the sport after the COVID-19 outbreak brought about widespread disruption. In a letter signed by Conor McGinn MP and Laurence Robertson MP, the APPG has emphasised its support for the ‘difficult but correct decision …
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International racing and wagering systems provider Sportech Plc has expanded its leadership after confirming the appointment of Ben Warn as a Non-Executive Director. With 20 years experience as an industry executive, Warn has led product and consumer strategies for a number of tier-1 betting companies such as Sky Bet, Rank Group and UKbetting Plc. Prior to joining Sportech, Warn also served …
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Following the latest set of unprecedented guidelines issued by the UK government to combat the spread of the Coronavirus, betting shops and casinos will be forced to close their doors with immediate effect for a period of two weeks, pending further review. The news comes as the Prime Minister confirmed the UK was elevating attempts to flatten the impending Covid-19 …
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British Horseracing Authority (BHA) CEO Nick Rust has emphasised that ‘racing will not be beaten’ by the COVID-19 pandemic which has resulted in the widespread cancellation of race meetings across the UK. Issuing a statement on the outbreak, senior executives from the BHA, Racecourse Association (RCA), National Trainers Federation (NTF) and the Racehorse Owners Association (ROA) have published the details …
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Bolsa Madrid gambling group Codere SA has informed investors that it has secured a further €20 million loan which will support its Mexican business unit. Sanctioned on Friday 13 March, Codere governance secured access to an additional MXN 500-million-peso bond (€20 million) with debt terms set for maturity in 2025. Updating investors, Codere stated that the loan has been sanctioned …
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