Retail

Spelinspektionen submits 2024 lottery reforms to EC 

SBC News Spelinspektionen submits 2024 lottery reforms to EC 

Spelinspektionen, Sweden’s Gambling Inspectorate, has submitted its proposed commercial and technical rule changes on state lotteries and lotteries for charitable purposes to the European Commission (EC).  The changes, filed as “The Lottery Inspectorate’s general advice on state lotteries and lotteries for charitable purposes,” will necessitate updates to Sweden’s Gambling Act and a subsequent review by the EC’s Chamber of Commerce.  …

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ADM to fix Italian conflicts on Palpable Errors and Bonus Management

SBC News ADM to fix Italian conflicts on Palpable Errors and Bonus Management

ADM, Italy’s Customs and Monopolies Agency, has announced that it has begun work on ‘two new decrees’ to settle long running sports betting related disputes.    The agency which oversees the licensing and governance of the Italian gambling sector announced that it will update industry rules on ‘Palpable Errors’ and ‘Bonus Management’ – two areas that have conflicted Italy’s online bookmakers …

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Tabcorp resolves Australian Tax Office dispute for AUD$83m refund

Tabcorp resolves Australian Tax Office dispute for AUD$83m refund

Tabcorp Holdings has received an AUD$83m refund from the Australian Tax Office (ATO) after settling a dispute with the government body. The operator, one of the market leaders in Australian betting and gaming via its TAB sportsbook brand, had been at loggerheads with the ATO regarding income tax treatment of payments for ‘various licences and authorities’. The $83m refund represents …

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Allwyn finalises new leadership team to spearhead delivery of The National Lottery

SBC News Allwyn finalises new leadership team to spearhead delivery of The National Lottery

Allwyn Group has announced the new leadership team that will oversee the delivery of the Fourth National Lottery, beginning on 1 February 2024.  The lottery conglomerate’s leadership team will be led by CEO Andria Vidler and will oversee the transformation of the National Lottery and the delivery of funds for good causes for the next decade. A media figurehead, Vidler …

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Stuart Andrew: Government needs Racing’s input for a brighter future

SBC News Stuart Andrew: Government needs Racing’s input for a brighter future

DCMS Gambling Minister, Stuart Andrew, has stated that the government has heard UK racing’s call to improve funding of the heritage sport.  The statement was made at the ‘Parade Ring Reception’ hosted by the British Horseracing Authority (BHA) at the House of Commons on 5 September. The event showcased to MPs the importance of horseracing to the UK’s economy, safeguarding …

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Sportech signals end to AIM trading 

SBC News Sportech signals end to AIM trading 

The board of Sportech Plc has informed investors of its intentions to cancel the trading of ordinary shares on the London AIM Exchange. The recommendation follows a comprehensive review by the board considering “the pros and cons of the company being publicly traded on the London AIM”.   The review highlighted substantial costs (both monetary and other) tied to being a …

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DHSC deems gambling a new risk factor in suicide prevention strategy

SBC News DHSC deems gambling a new risk factor in suicide prevention strategy

Gambling has been recognised as a ‘related factor’ in the UK government’s new strategy to reduce suicide rates by improving prevention and early intervention through the NHS and wider local public services. This morning, the Department of Health and Social Care (DHSC) published details of its new “five-year strategy to reduce suicide rates”. DHSC Undersecretary for Mental Health, Maria Caulfield, …

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HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

SBC News HKJC clears 2022/23 hurdles but warns of ongoing macroeconomic challenges

The Hong Kong Jockey Club (HKJC) has detailed a positive end to a challenging 2022/23 financial year, reporting record turnover and a stronger contribution from football betting. Hong Kong’s government-backed betting operator reported total turnover for the 12-month period ending 30 June 2023 of HK$304.8bn (£31bn), despite local turnover from Hong Kong itself falling by 1.3%. Regarding products, racing turnover …

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Rhodes tells Dame Dinenage of ‘specific concerns’ on misuse of statistics

SBC News Rhodes tells Dame Dinenage of ‘specific concerns’ on misuse of statistics

The UK Gambling Commission (UKGC) has published further specific details on concerns related to the “misuse of statistics”  as relayed by CEO Andrew Rhodes to Dame Caroline Dinenage, the Chair, Culture, Media and Sport Select Committee on 29 August. Micheal Dugher (CEO, Betting and Gaming Council – BGC), Wes Himes (Executive Director for Standards and Innovation, BGC) and Will Prochaska …

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Bacta elects new National Council for better representation  

SBC News Bacta elects new National Council for better representation  

UK gaming and amusement trade body Bacta has completed its strategic reorganisation, announcing the members elected to its new National Council.  The National Council, revamped as part of a ‘head-to-toe restructure’ of Bacta, will be led by amusement and gaming machine veteran John Bollom as National President, and Scottish representative Joseph Cullis as Vice-President.  Representing gaming machine manufacturers and distributors, …

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