Retail

PA bolsters its Racing & Betting team with two key appointments

The Press Association (PA) has moved to bolster it’s racing and betting division’s commercial capacity, confirming two key appointments. Updating the market, Claire Hunter Gregson joins PA as Commercial Director while Richard Duncan assumes the role of Head of Business Development. A seasoned industry executive in commercial development, Hunter Gregson is the former Vice President of Business Development for Aristocrat …

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Paddy Power Betfair shareholders back ‘Flutter Entertainment’ rebrand

Paddy Power Betfair shareholders have backed the group’s proposition to rebrand as Flutter Entertainment, as confirmed as part of an annual general meeting for the operator. The Paddy Power Betfair chairman, Gary McGann, has confirmed that a 99.8 per cent majority of shareholders voting by proxy backed the move to rebrand the group, as it seeks to reflect the group’s …

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Playtech confident of 2019 prospects as governance seeks new Chairman

FTSE250 gambling technology group Playtech Plc has reaffirmed its 2019 corporate earnings guidance ahead of its annual-general-meeting (AGM). Updating investors, Playtech governance maintains its position that ‘adjusted EBITDA’ for 2019 is expected to be in the €390- €415 million range. In its update, Playtech details that it has made significant progress on its growth strategy and strengthening its corporate governance …

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Adjusted William Hill details confidence in 2019 outlook

The governance of FTSE250 betting group William Hill Plc details confidence in its future outlook as the company advances its digital and US market agendas, having adjusted its enterprise to UK regulatory demands. Publishing its ‘unaudited’ trading statement for the 17 weeks to 30 April 2019, the betting  group records net revenues up 2% ‘reflecting a year of transition in …

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SIS boosts Spanish inventory securing Hipodromos ESP deal

Continuing to expand its international profile, Sports Information Services (SIS) has announced that it has become the exclusive distributor of live pictures and data for Spanish racing after partnering with Asociación de Hipodromos Españoles (Hipodromos). Hipodromos acts as the principal society for Spanish racing, overseeing the management and schedule of six of Spain’s biggest racetracks –  Hipódromo de la Zarzuela, Dos Hermanas, San …

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Blackstone eyes ‘IPO on the horizon’ for CIRSA

A year following its €2 billion acquisition of Grupo CIRSA, US private equity fund Blackstone Group, is reported to be assessing ‘future options’ for the Spanish market gambling group. Spanish business news source Economia Digital, reports that Blackstone eyes an ‘IPO on the horizon’ for its CIRSA vehicle. Blackstone, which maintains one of gambling’s biggest investment portfolios, is reported to …

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Codere places responsibility at the forefront of Real Madrid renewal  

Issuing a market update, Spanish gambling firm Grupo Codere SA informs that it will continue to serve as ‘official betting partner’ of Real Madrid FC until the end of the 2020/21 European football season. Bolsa Madrid gambling group Codere has served as Real Madrid betting partner since 2016, representing Codere’s biggest marketing commitment. The Spanish betting group has previously used …

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Codere refreshes legacy brand to reflect new global identity

Spanish legacy gambling operator Grupo Codere SA has rebranded its entire corporate identity, seeking to reflect the firm’s ongoing transition as a global gambling enterprise. Last week, Group Chief Executive Vicente Di Loreto presented Codere’s new corporate logo and tagline ‘Contigo Cambiamos el Juego’ – ‘We Change the Game with You’. Updating stakeholders and the media, Di Loreto detailed that an …

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Betfred named as the ‘Official Bookmaker’ of Ascot racecourse

As part of a three-year deal running from 2019-2021, Betfred has been named as the ‘Official Bookmaker’ of Ascot racecourse and the Royal Ascot Festival, which will see them operate the two on-site betting shops within the Grandstand. In addition to operating the on-site shops, the new contract will see the bookmaker sponsoring the Betfred Heritage Handicap on Summer Mile Day, 13th …

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CIRSA completes €390 million bond placement eyeing future investments

Spanish gambling firm Grupo CIRSA has confirmed that it has secured a €390 million bond placement with private investors. Issuing a market filing, CIRSA majority owned by US private equity firm Blackstone, confirms that 120 institutional investors have backed its bond arrangement, which maintains a 4.75% annual interest rate, with debt maturity triggered in 2025. In its update, CIRSA governance …

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