Retail

Scientific Games pursues new $1.2 billion debt note placement

SBC News Scientific Games pursues new $1.2 billion debt note placement

Nasdaq-listed industry technology group Scientific Games Corporation (SGC) has confirmed that subsidiary Scientific Games International intends to pursue a private bond placement targeting $1,200m in aggregate principal amount of senior unsecured notes due 2028 and senior unsecured notes due 2029 in a private offering. In the announcement, made today, the firm said it intends to use the net proceeds of the notes offering, together …

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Paddy Power’s Sandra Gilmartin wins ‘Betting Shop Manager of the Year’ award

SBC News Paddy Power's Sandra Gilmartin wins 'Betting Shop Manager of the Year' award

Sandra Gilmartin has been announced as the new Racing Post/SIS Betting Shop Manager of the Year, becoming the first Paddy Power store manager to take the title. Gilmartin, 49, operates Paddy Power’s Cross Cheaping branch in Coventry and was announced as the winner earlier this week when she received her award from TV personality Chris Hughes at the JW Marriott Grosvenor …

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Tabcorp eyes unifying Australian Tote systems in 2020

tabcorp

Continuing its corporate transformation programme, the governance of Tabcorp Holdings has confirmed that it plans to launch a ‘single tote pool’ product for Australia. Tabcorp confirmed to The Sydney Morning Herald (SMH) its 2020 ambitions to merge all three separate tote systems into a single totalizer pool, sharing punter liquidity across all Australian states. Marked as a major project for …

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Norway calls for a review of Rikstoto racing monopoly

SBC News Norway calls for a review of Rikstoto racing monopoly

The Norwegian government is reportedly assessing whether gambling state monopoly Norsk Tipping should absorb the horseracing services of Rikstoto, simplifying Norway’s gambling frameworks. Norway’s Ministry of Culture will undertake its review of Rikstoto in partnership with the Ministry of Agriculture – the department which to date has managed regulatory oversight of the racing monopoly. The review will evaluate whether to …

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Bruce Betting buyout sees BoyleSports expand home network

SBC News Bruce Betting buyout sees BoyleSports expand home network

BoyleSports, Ireland’s second-biggest bookmaker has moved to expand its home market retail capacity acquiring outright the betting shop properties of independent operator Bruce Betting. Operating since 1977, Bruce Betting maintains a retail portfolio of 18 betting shops located within the counties of Dublin, Wicklow, Kildare and Westmeath. During 2018, Thomas Byrne Managing Director of Bruce Betting, urged Irish Finance Minister …

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LatAm discrepancies add fuel to Codere’s governance dispute

SBC News LatAm discrepancies add fuel to Codere's governance dispute

Issuing a governance filing, Bolsa Madrid gambling group Codere SA has revealed that two executive directors have resigned in relation to the firm’s LatAm auditing discrepancies. Last week, Spanish business news sources reported that Fernando Sempere Rodríguez had withdrawn from Codere governance responsibilities citing ‘a professional incompatibility’. Sempere Rodriguez resignation follows the departure of board member Alberto Manzanares Secades on …

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Tabcorp seeks new CIO as Mandy Ross departs for academic fields

SBC News Tabcorp seeks new CIO as Mandy Ross departs for academic fields

Australia ASX gambling group Tabcorp Holdings has confirmed the departure of c-level executive Mandy Ross, who has chosen to pursue a new career in academia. Ross has served as Tabcorp’s Group Chief Information Officer (CIO) since 2017 and is set to leave the company in April of next year. In its update, Tabcorp informs that Ross has chosen to join Griffith …

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Orenes launches new ‘VERSUS’ identity targeting rapid global growth

SBC News Orenes launches new 'VERSUS' identity targeting rapid global growth

Seeking to expand its international appeal, Spanish gambling firm Grupo Orenes has rebranded its flagship commercial property ‘Viva La Suerte’ to ‘VERSUS’. This week the Murcia (Alicante) based gambling group held a press conference in which it retired its Viva La Suerte brand, announcing the launch of VERSUS (Versus.es) as its lead B2C entity, which Orenes will export internationally. Javier …

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Strong Q3 trading sees Scientific Games return to black

SBC News Strong Q3 trading sees Scientific Games return to black

Scientific Games Corporation (SGC) has reported that growth across all core business segments – including its sports betting vertical (SG digital division) but with the exception of gaming operations (sequential loss of $1m) – is growing on “both the top and bottom line”, which CEO Barry Cottle said puts the company on a “path to 5.5x net debt leverage by …

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SIS pens new agreement with Argyll Entertainment

SBC News SIS pens new agreement with Argyll Entertainment

Racing content and data services provider Sports Information Services (SIS) has secured a new two-year partnership with Argyll Entertainment, which will see SIS deliver its 24/7 Live Betting Channel.  The channel, which will feature live streams of international horse racing and British and Irish greyhound racing, will deliver content from across six continents via Argyll’s SportNation.bet site.  Philip Bell, Commercial …

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