Retail

Publishing its private accounts, Spanish gambling firm Grupo CIRSA has detailed solid corporate progress and growth, completing its first year under the ownership of US multi-national private equity firm Blackstone. The Spanish legacy gambling group records 2018 group revenues of €1.4 billion, combined with operating profits of €368 million, up 5% on its 2017 performance. Issuing a corporate statement, Joaquim …

The governance of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC) has confirmed that it has completed its $1.1 billion private note offering, first announced on 6 March 2019. The transaction is aggregate to 8.25% of SGC senior unsecured debt-notes, due for repayment in 2026 at an issue price of 100%. SGC governance intends to use the debt proceeds to …

Spillemyndigheden, the Danish Gambling Authority ,has announced that national stakeholders have agreed on new responsibility provisions, measures and adjustments to be attached to the Danish Gambling Act. A political agreement has been approved which will see Spillemyndigheden enforce a new ‘Code of Conduct’ for all licensed gambling incumbents to adhere to, beginning 1 July 2019. Denmark’s new code seeks to …

Greek gambling technology and lottery systems provider Intralot SPA has denied rumours that it will be absorbed by Athens-listed IT solutions provider Intracom Holdings. Last week, Greek business news sources reported that Sokratis Kokkalis, founder and majority shareholder of Intracom, was evaluating forming a new Athens conglomerate merging the Intracom assets of Intrakat (construction), Intralot (lottery/gambling) and Intrasoft (logistics technologies). …

Irish betting/gambling stakeholders have agreed to establish the ‘Gambling Awareness Trust’, aiming to improve Ireland’s problem-gambling harm networks, counselling, research and treatment. The Trust has been established as an independent charity and has received a commitment of €1 million in initial funding from the Irish Bookmakers Association (IBA). In its mandate, the Gambling Awareness Trust seeks to fund research of …

Betfred’s appeal to help fund the Royal Manchester Hospital £4 million appeal for vital equipment has reached its halfway point, with Fred Done donating all profits made from all over-the-counter bets during the Cheltenham Festival to the iMRI appeal. On the first day of the festival, which is said to traditionally be one of the busiest days in the racing …