Retail

The CEO of Racecourse Media Group (RMG) has been quoted in Irish media as predicting potentially dire outcomes for Irish horse racing should the country adopt significant restrictions on betting advertising. According to The Irish Times, Martin Stevenson commented on the impact an advertising ban could have on the operations of its Racing TV holding, saying that such a move …

Svenska Spel has pledged to fund five new research projects aimed at enhancing the understanding of Swedish gambling addiction and its societal impacts.  This initiative was announced by the Independent Research Council of Svenska Spel, Sweden’s state-owned gambling and lotteries operator. The research projects will collectively receive funding of SEK 4.1m (€350,000), with the aim of providing Swedish public health …

BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …

Toto, the flagship sports betting brand of Nederlandse Loterij, will serve as a principal partner of the Azerion Women’s Eredivisie. The partnership sees Toto continue to expand its presence within Dutch women’s pro-football, in which the betting brand serves as principal sponsor of the women’s teams for PSV, ADO Den Haag, Heerenveen and FC Twente. Beginning on Friday 8 September, …

Public policy thinktank the Social Market Foundation (SMF) cites that the British public attitudes are hardening with regards to how gambling should be governed. This morning, the thinktank released its second briefing paper titled “A bitter taste…Exploring the political constraints on public health policies“. The paper draws from “a review of polling evidence and interviews with policymakers involved in implementing …

Bulgaria’s Ministry of Youth and Sports has made changes to the senior management of the Bulgarian Sports Totalizator (BST), the state-owned national lottery operator. Following a ‘fast-paced competition’, Minister of Sport Dimitar Iliev initiated the changes, replacing appointments made last year by then Minister Vesela Lecheva, who served under the Bulgarian ‘caretaker government’. The country has been governed by this …

Conflicts loom in Ecuador as LigaPro opposes the “Organic Law on Communications” signed by President Guillermo Lasso. Under deliberation since November 2022, the Law, which mandates “the prohibition of advertising sports betting houses in Ecuador”, was signed by President Lasso on Monday. The controversial law was drafted to eliminate former policies of President Rafael Correa, who during his tenure authorised …

Mark Stewart will step down as Chair of New Zealand’s national gambling operator, TAB NZ, at the end of August, with Anna Stove stepping up as his interim replacement. TAB NZ stressed that Stewart had overseen ‘two years of transformative change’ at the helm of the operator after being appointed to the role at the start of the 2021/22 financial …

IMG has announced the dual appointment of Sally Brown and Steve Rudge to lead the development of its multisport content production unit for its global sports portfolio. Announced in the ‘newly created roles’, Brown and Rudge will serve as Vice Presidents and Co-Heads of Multisport Content. “The pair will also be responsible for driving business development and new commercial opportunities, …

The UK Gambling Commission (UKGC) has branded the financial year of 2022/2023 as “demanding but successful” for the regulatory body under the new leadership of Andrew Rhodes (Chief Executive) and Marcus Boyle (Chairman). Publishing its 2022/2023 accounts, the Commission has revealed the economic and operational breadth of the British betting and gaming sector in 2022, but also the extent of …