Retail

IGT seeks new financial lead as Alberto Fornaro ends CFO tenure

SBC News IGT seeks new financial lead as Alberto Fornaro ends CFO tenure

New York-listed gambling technology group International Game Technology Plc (IGT) has confirmed that senior executive Alberto Fornaro has chosen to end his tenure as Chief Financial Officer (CFO). Fornaro will leave the management team on 31 January 2020 to ensure a smooth corporate transition. IGT’s board of directors has unanimously approved the appointment of Timothy Rishton, current Senior VP and Chief …

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Intralot focuses on group transitions as dire results continue

SBC News Intralot focuses on group transitions as dire results continue

Athens-listed gambling technology group Intralot SPA has posted a further quarter of negative declines across its core business metrics and KPIs as it continues to focus on a business transformation programme to counter corporate headwinds for its operating markets. Publishing its latest Q3 2019 trading statement (period ending 30 September), Intralot reports a 6% decrease in year-to-date revenues of €555 million …

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ECA praises positive impact of ‘Did You Know?’ campaign

SBC News ECA praises positive impact of 'Did You Know?' campaign

Land-based gambling trade body, the European Casino Association (ECA), has branded the results of its first public communications campaign as “a positive outcome”. Launching the “Did You Know?” campaign last May, the ECA aimed to shed a positive light on the image of the licensed land-based casino incumbents operating across regulated European markets. During the course of the past months, the ECA …

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Playtech BGT Sports strengthens Jenningsbet partnership

SBC News Playtech BGT Sports strengthens Jenningsbet partnership

Omni-channel sports betting solutions provider Playtech BGT Sports (PBS) has strengthened its long-term partnership with Jenningsbet by agreeing to continue supplying its self-service betting terminals (SSBTs). The multi-year extension will see PBS roll out its SSBTs across the operator’s retail estate throughout the United Kingdom.  Lee Drabwell, Senior Commercial Director at Playtech BGT Sports, commented: “We’re delighted to have extended …

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OEG revises Lithuania profile to counter ‘aggressive taxes’

SBC News OEG revises Lithuania profile to counter 'aggressive taxes'

The governance of Olympic Entertainment Group (OEG), Eastern Europe’s largest omni-channel gambling operator, has confirmed that it will reduce its active Lithuanian portfolio by closing down nine betting shops and two casino arcades. The decision follows on from the OEG performance review of its ‘Baltija’ (Baltic) subsidiary, in which governance underlined that inbound tax hikes on Lithuanian retail verticals had …

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The Tote and Britbet to sponsor Racehorse Owners’ Sponsorship Scheme

SBC News The Tote and Britbet to sponsor Racehorse Owners’ Sponsorship Scheme

The Tote and Britbet have been confirmed as the new sponsors of the Racehorse Owners’ Sponsorship Scheme, with the partnership due to take effect on 1 January 2020.  As confirmed by the Racehorse Owners Association (ROA), the sponsorship will see all owners included on the Scheme carrying the new Tote logo on their silks.  Charlie Liverton, Chief Executive of the …

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Imi ‘pleased’ as Sky Racing approaches broadcasting anniversary

SBC News Imi 'pleased' as Sky Racing approaches broadcasting anniversary

In an interview with SBC’s Insider Sport, At The Races Chief Executive Matthew Imi has stated he is ‘very pleased’ with Sky Racing’s level of coverage as it approaches the completion of its first full broadcasting year Having launched on 1 January of this year, Sky Racing took Sky’s dedicated sports channel tally up to 11 and has since been broadcasting …

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TIPOS Slovakia chairman arrested on money laundering charges

SBC News TIPOS Slovakia chairman arrested on money laundering charges

Slovakia’s gambling sector has been brought into disrepute, as executives of state-owned lottery operator ‘TIPOS SK’ are investigated on charges of money laundering. On the morning of Tuesday 26 November, officers of Slovak national crime agency NAKA raided the Bratislava headquarters of TIPOS Slovakia, detaining company Chairman Ján Barczi and IT Director Miloš Prelec. Breaking the arrests, Slovak news source …

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Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

SBC News Smooth VLT upgrade sees OPAP confident of delivering on all 2019 targets

Athens-listed gambling group OPAP SA is confident it will deliver on its full-year corporate expectations after recording a strong Q3 2019 performance including growth across all core metrics. Continuing to reap the benefits of its VLT and systems upgrade, OPAP maintains year-to-date revenues of €1.173 billion – up 6% on year-to-date (YTD) 2018 comparatives of €1.106 billion. Publishing its latest …

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