Retail

Boylesports eyes takeover of Ladbrokes Ireland

Irish independent bookmaker Boylesports is lining up to buy Ladbrokes loss making Irish retail division. The division is currently under Irish High Court protection, following Ladbrokes appointment of examiner Deloitte in April. Having recorded 2014 division losses of €5 million, Ladbrokes Ireland operations are currently being re-structured, with the operator outlining the closure of 60 of its 196 Irish betting …

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Lawrence Ho targets August opening for Vladivostok casino

Lawrence Ho Yau Lung’s  gambling investment firm Summit Ascent Holdings, has confirmed that its Russian casino complex has entered the final stage of construction, as the firm targets its opening on 28 August. The complex was due to open in April of this year, however Summit Ascent managment had pushed back the date due to encountering unexpected challenges. Summit Ascent alerted …

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Zimbabwe blocks sports betting licensing amid growing concerns

The Zimbabwe government has stopped its processing of gambling/betting licenses amid fears of a surge in the nations gambling addiction. Its drastic actions regarding betting licensing have been granted approval by President Robert Mugabe and the Department of Home Affairs. Throughout 2014 and 2015 Zimbabwe ministers have demonstrated concerns regarding the number of new and existing bookmakers targeting the country’s …

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Rank Group expects to hit 2015 performance targets

Rank Group Plc governance has stated that it is confident that the company will hit 2015 performance targets having recorded a strong opening 20 week period for 2015.Rank Group announced that like-for-like revenue for the 20 weeks to 17 May 2015 has grown by 5%, with total revenue up 4%. Its Grosvenor Casino (retail) operations had recorded a 5% rise …

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Racecourse Media & Arena Racing to create single broadcast centre

Racecourse Media Group (RMG) and Arena Racing Company (ARC) have announced that both racecourse groups intend to create a single production centre to benefit the horseracing and betting industries.The new joint venture will provide pictures and data for organisations, who wish to broadcast coverage of British racing. The joint venture will ensure costs of production can be shared and efficiencies …

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Intralot Chairman Socrates Kokkalis aims to set Greek National Lottery agenda

Intralot Group Chairman Socrates Kokkalis is preparing to spearhead the creation of the Greek National Lottery. Intralot confirmed that Kokkalis had submitted a business proposal to the Hellenic Minister of Finance Yanis Varoufakis. Addressing the Intralot Group Annual General Meeting (AGM) Kokkalis has outlined that the Greek National Lottery should be owned by the State but operated by a private …

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Stalled C290 bill angers Canada’s sports betting political advocates

Having begun 2015 in a positive light with the backing of a House of Commons, numerous senators and the Police authorities, Canada’s Single Sports Betting Bill C290 appears to have stalled once again in its progress into national law. Bill C290 which looks to allow licensed gambling premises/enterprises to take bets on approved sporting events permitted by Canadian regulators, was intended to …

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Italian football leagues rocked by arrests of 50 match-fixing suspects

Italian police anti-corruption unit has arrested 50 people, including players, club officials and a Calabrian mobster in connection with accusations relating to match fixing. The arrests have been made in relation to a dozen investigated matches in Italian football’s third tier professional league. Giving further detail regarding the arrests the Italian police said it had gained substantial evidence on the …

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Strong omni-channel strategy reaps rewards for Gala Coral in H1 2015

Reporting on its Half Year (H1 2015) operating results, Gala Coral has continued its strong omni-channel performance with group EBITDA earnings up 10% to £135.4 million (£123.2 million). The operator recorded top line metric growth throughout its business channels despite new regulatory impacts in the UK market and poor football results impacting EBITDA margins during Q1 2015. The operator’s strong …

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Irish landlords seek higher rent compensation from Ladbrokes

Ladbrokes Irish retail business restructure has come under fire, following complaints of ‘derisory’ compensation for landlords of closed retail premises. A group of Irish landlords is set to join forces and challenge Ladbrokes retail closure terms, claiming that the operator should pay a higher fee for terminating its lease agreements. Following last month’s review of its loss making Irish retail …

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