Retail

All the news form the retail betting sector

UKGC strengthens commissioner ranks for critical 2020

The UK Gambling Commission (UKGC) has this morning confirmed the appointment of four new commissioners, strengthening its regulatory oversight for a crucial 2020 agenda and further future proceedings.   The commissioner appointments have been approved by the Department of Digital, Culture, Media and Sport (DCMS) – allowing Terry Babbs, Brian Bannister, Jo Hill and Sir Martin Narey to join UKGC governance …

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UK Racing- Reduction in prize-money ‘inevitable’ once season resumes

A programme outlining the races that will take place once horseracing resumes in the UK is due to be released next week, with prize money facing a significant reduction due to retail closures. The sport has been on hold since 17 March, however, the Resumption of Racing Group has stated that it will develop a provisional programme for the first …

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GambleAware secures £9m UKGC emergency fund to help maintain support network 

The UK Gambling Commission (UKGC) has transferred £9 million in industry penalties to help its problem gambling, support, research and treatment charities cope with the ongoing COVID-19 crisis.  The UKGC has directly allocated £9 million to lead gambling-harm prevention charity GambleAware, who will be tasked with distributing funds to its partner network. The UKGC and GambleAware have prioritised ensuring that …

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Matt Hancock publicly defends Cheltenham Festival decision

Health Secretary Matt Hancock has publicly defended the decision to allow Cheltenham Festival to take place, reiterating that the government ‘took the right measures at the right time’. Speaking on a phone-in on LBC Radio, Hancock was asked by a Cheltenham resident whether the festival should have taken place and whether the government would be committing to a future inquiry …

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SBC Digital Summit: Ludovico Calvi leads off Lottery Day track

Day three of the SBC Digital Summit sees industry leaders discuss how the lottery sector has adapted to the host of COVID-19 caused challenges and what can be expected from the industry as a whole when the virus eventually dissipates.  Delivering the opening day-three keynote at the SBC Digital Summit, Ludovico Calvi, President of the Global Lottery Monitoring System (GLMS), …

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UK Tote secures agreement with HRI and Tote Ireland

Horse Racing Ireland (HRI) has secured a new seven-year alliance with Tote Ireland and the UK Tote Group which will ensure the continuity of Tote on-course service on Irish racecourses. From 1 January 1 2021, UK Tote Group will operate Tote Ireland’s off-course business, allowing Tote Ireland to build a stronger and more agile on-course presence in Ireland. Nicky Hartery, …

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National Lottery launches £600m direct impact fund for UK charities 

National Lottery operator Camelot Group has announced that it will further support UK charities operating through lockdown hardships by rolling out a ‘£600 million impact fund’.  Through its existing stakeholder network, the National Lottery will direct immediate funds to charities that have been impacted hardest by COVID-19 circumstances and further aims to support organisations supporting the most vulnerable UK communities …

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Codere cancels debt repayments to review crisis options

Embattled Bolsa Madrid gambling group Codere SA has postponed payments on its debt tranches of €500m and $300m, as corporate governance reviews the firm’s long-term financing options. Yesterday, Codere made its decision public via a corporate filing with Spain’s competition and markets authority (CNMV). In its notice, Codere informed that its suspension of debt payments formed part of group-wide contingency …

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BGC members suspend TV and radio advertising during lockdown

Members of the Betting and Gaming Council (BGC) will voluntarily remove all TV and radio product advertising during the COVID-19 lockdown. The announcement is the latest in the series of new measures introduced by BGC members to ensure that punters are protected during the current pandemic, despite a drop in advertising spend in addition to a 10% drop in the …

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SBC Digital Summit: A crash course in adaptability and resilience 

Adaptability will be an essential quality for betting operators seeking to engage with customers on an increasingly digital-led footing as COVID-19 continues to ensure a retail lockdown. That was one of the big takeaways from a four-strong panel at today’s SBC Digital Summit titled ‘An Opportunity to Revisit the Omni-Channel Approach’.  In opening the session, moderator and head of Digitain’s …

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