Retail

All the news form the retail betting sector

Svenska Spel urges government to ban lottery betting

Svenska Spel

Svenska Spel has called for the Swedish government to ban lottery betting, emphasising that ‘secondary lotteries’ are reducing the market share held by not-for-profit lottery operators. Svenska Spel CEO Patrik Hofbauer hit out at ‘shadow games’ operators for offering lotteries without a licence, which he argued poses a risk to the financial health of sports clubs and other nonprofits in …

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IGT sanctions capped $300m senior debt note sale

IGT Group has sanctioned a ‘tender offer’ to ‘purchase for cash’ an aggregate sum of $300 million, representing 6.25% of its corporate senior secured debt notes, due for repayment in 2022. The New York-listed gambling technology and lottery systems supplier has undertaken its debt sale subject to terms and conditions set forth in its ‘offer to purchase’ summary published on …

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Greek leisure approval sees OPAP return to full capacity

OPAP Q3 bounce back hurt by continued lottery declines

Athens-listed gambling group OPAP SA has returned to full operational capacity after reopening its ‘PLAY’ gaming hall venues across Greece. OPAP has reopened its gaming venues following last week’s approval by the Greek government to allow all leisure enterprises (hotels, restaurants, entertainment venues, etc) to return to business after it eased COVID-19 lockdown restrictions. The decision has allowed OPAP to …

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DCMS calls for further review into loot boxes

The Department for Digital, Culture, Media and Sport is due to launch a call for evidence into loot boxes, which could see the video games feature reclassified as a gambling product.  Loot boxes have been a topic of controversy in recent years, with concerns raised over whether they encourage children and younger audiences to gamble.  Loot boxes are items embedded …

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Intralot rocked by Bulgaria Eurobet suspension 

Intralot SPA has detailed a troubled start to 2020 trading, noting steep declines across all core operating metrics and divisions, as its corporate recovery programme has been impeded by multiple novel headwinds.  Publishing its Q1 2020 results, the Athens-listed gambling technology and lottery systems provider saw group turnover decline by 47% to €102m (Q12019: €193m).  The €90m turnover decline is …

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GVC secures its Blue Chip status re-listing on FTSE100

GVC Holdings has completed a further leadership objective having been re-admitted onto the FTSE100 index, bolstering its status as a London blue-chip stock. On Wednesday, the FTSE Russell published its top 100-to-250 index report having reviewed all quarterly trading statements sanctioned by listed companies. The FTSE announced the inclusion of GVC Holdings, AVAST (IT security), Homeserve (emergency repairs) and Kingfisher (home retail) …

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SportCaller backs Tote Ten to Follow as Flat season returns

Free-to-play (FTP) sports-game specialist SportCaller has extended its partnership with the UK Tote Group with the return of the Tote Ten to Follow. SportCaller has committed to delivering a suite of new features which is expected to drive reliable engagement throughout the course of the competition, which will run from 16 June to 17 October. Cillian Barry, SportCaller MD, said: …

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bet365 terminates legacy telebetting service

bet365 has confirmed the closure of its long-running telephone betting (telebetting) operations, stating that demand for the service had declined to minimum rendering it obsolete. The Coates family-owned betting business has operated a telebetting service since the company’s foundation in 2000 in Stoke-on-Trent, Staffordshire. This week, bet365 confirmed that it had shut down its 0871 218 4131 telebetting number, revealing …

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BGC – Casinos ready to reopen from 4 July

Communicating on behalf of its members, the Betting and Gaming Council (BGC) has declared that England’s casinos will be ready to reopen and service the public safely from 4 July. As part of the government’s ‘stage 3’ arrangement of lockdown easings, hospitality and leisure businesses across England will be allowed to reopen from 4 July, providing that they adhere to …

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SIS upgrades streaming network with Phenix solutions 

Redeploying its broadcast services following lockdown, Sports Information Services (SIS) has confirmed that it will optimise its streaming capacity by utilising Phenix real-time video solutions.  Updating its global partners, SIS revealed that it has installed Phenix streaming provisions which will significantly reduce network latency across its 24/7 live broadcast programming. Phenix’s technology upgrades will be deployed across SIS’ 24/7 Live …

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