Retail

Playtech acquires Aristocrat Lotteries

Playtech developer and licensor of software and services for the gambling industry, has entered into an agreement with global content and systems provider Aristocrat Leisure Limited to acquire Aristocrat Lotteries for ?10.5 million in cash, subject to certain adjustments and satisfaction of closing conditions. It is anticipated that closing will occur shortly. Once complete, the acquisition will position Playtech’s land-based …

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Jog For Jockeys raises €25,000 for fund

Almost 800 people took part in the annual Jog For Jockeys charity fundraiser on Sunday August 24th at the Curragh Racecourse, raising €24,661.80 (£19,512) – the highest amount reached since 2010. Former Jockey Stephen Hunter was first across the line in the 10km race with an impressive time of 34:48. James Tyrell won the 5km chase in 18:02. Brian Hayes was the first jockey …

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NCA charges Facey for conspiracy to commit bribery

National Crime Agency (NCA) officers have today charged Delroy Facey, 34, of Huddersfield, with conspiracy to commit bribery. The Crown Prosecution Service’s Organised Crime Division authorised the charges on the basis that there is a realistic prospect of conviction and that a prosecution is in the public interest. The charges relate to an ongoing football match fixing investigation which secured …

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IGRG appoints Barry Hardy as new Chairman

The IGRG, which is comprised of the five main trade associations from the gambling industry, has today appointed Barry Hardy as its new chairman. The IGRG provides a structure to promote socially responsible gambling in the licensed UK gambling market. Building on existing relationships and work streams, it also provides a cross-sector forum to consider matters of common interest associated …

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Gala Coral hires Lazard as bingo sale adviser

Gala Coral Group has hired bankers Lazard as strategic adviser for the sale of its 130 retail bingo clubs. UK business sources have indicated that Lazard are seeking to sell Gala Coral’s retail bingo division for an estimated £250 million. A Gala Coral statement confirmed that the operator had “commenced a process to explore the possibility of a disposal of …

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Churchill Downs appoints William Carstanjen as CEO

US racing track operator, Churchill Downs announced the appointment of William Carstanjen as new Chief Executive Officer replacing Robert Evans. Prior to the appointment Carstanjen had served as President of the Kentucky race track operator. The restructure of Churchill Downs senior management will see William Mudd take the position of President, whilst also serving as Chief Financial Officer. Churchill Downs …

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OPAP posts better than expected results for Q2 2014

Greek state owned gambling operator OPAP reported improved results in the second quarter of 2014. OPAP saw gaming revenues climb 8% to €947.3 million, as the operator posted an increase in EBITDA earnings of 50% to €68.6 million. The Greek operator, beat market forecasts which had expected a downturn in gaming revenues for OPAP. However OPAP’s net profit dropped 44.5 …

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AGEM signs up five new members

The Association of Gaming Equipment Manufacturers (AGEM) announced today that its Board of Directors has approved the membership applications of five new companies, bringing the trade group comprised of the world’s leading gaming suppliers to a total of 143 members. The new AGEM members are: Asimex Global, based in Mexico City, offers a wide variety of logistics and international trade …

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UK Government to review Horseracing Levy framework

The UK Government is set to launch a ten week consultation into the possible reform of the horseracing levy. UK sports minister Helen Grant, had asked the government to review the current framework of the levy, stating that it had been in need of a review and possible reform for some time. Grant commented “”Horseracing and betting have grown together …

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UKGC imposes penalty on Camelot

The UK Gambling Commission (UKGC) has found Camelot UK Lotteries Ltd (Camelot) in breach of its licence to operate the National Lottery and has imposed a financial penalty of £100,000, following the initial miscalculation and subsequent communication and publication of an incorrect National Lottery Lotto jackpot prize amount in October 2013. After a full investigation, and taking account of representations …

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