Retail

All the news form the retail betting sector

Betfred counters Oppenheimer bid in race to rescue Phumelela

South African business news sources report that Betfred is preparing a counter-offer ranging between ZAR 875-to-925 million (€44-46m) to acquire embattled heritage wagering and racetrack operator Phumelela Gaming & Leisure.  Forced to close its venues due to coronavirus restrictions last May, Johannesburg high court placed Phumelela assets under bankruptcy protection, allowing the company to seek investors to avoid outright liquidation. …

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Camelot aims for ‘Big September’ supporting a high street recovery

Camelot Group has moved to revamp the September schedule of the National Lottery, seeking to boost the general public’s engagement with UK high street retailers helping them recover from lockdown.    Announced as its ‘Big September’ makeover, the National Lottery will host a further three ‘’Must be Won’ draws next month providing its retailers with further weekly millionaire draws to promote …

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Spotlight delivers Racing Post translated services for Pari-Engineering Russia

Spotlight Sports Group continues to expand the international publishing services of its flagship subsidiary the Racing Post, announcing that it has entered a content agreement with Russian licensed betting operator Pari-Engineering.  Announced as Spotlight’s first Russian language customer, Pari-Engineering will roll-out Racing Post’s translated content services for British and Irish horseracing and greyhound fixtures across its Poolbet.ru domain. Backing the …

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Amelco solidifies US presence with Continent 8 deal

Amelco has continued to expand its US presence after securing a new partnership with data centre provider Continent 8 Technologies. The new agreement will enable Amelco to securely manage its US operation through scalable hosted infrastructure and cyber-security protected connectivity. Commenting on the deal, Brandon Walker, Head of Business Development at Amelco, said: “We are very pleased to partner with …

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UK Racing pushes for drastic levy reforms as deep recession looms

The British Horseracing Authority (BHA) has announced that it has agreed the ‘next phase of recovery’ for UK racing, working with The Horsemen’s Group and Racecourse Association (RCA). Since racing’s resumption on 1 July, the three bodies have collaborated on a wide range of recovery directives, seeking to restore racing activities and revenues for all stakeholders.  Publishing its joint plans, …

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Tabcorp raises $371m through institutional entitlement offer

Australian racing and wagering company Tabcorp has completed the institutional component of its AU$600 million entitlement offer, with the 97% take-up raising AU$371 million. Tabcorp’s latest financing transaction was revealed following last week’s publication of the ASX gambling group’s 2019/2020 fiscal results, recording operating losses AUS $870 million (€520m), primarily attributed to ‘asset impairment charges’ restructuring the firm’s wagering units. …

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Cash was still king for Ebor on-course bookies

The appetite for betting in cash was apparent at this weekend’s Ebor Festival, with one of the two on-course bookmakers only taking 3% of bets via card. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. As part of a two-week trial, two bookies were given the green light to offer betting …

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National Lottery Community Fund issues £14m in Climate Action grants

The National Lottery Community Fund, the independent public body responsible for distributing grants raised by the National Lottery, has confirmed that £14 million will be directly distributed to community organisations fighting climate change. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The grants are announced as part of the National Lottery’s …

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BGC lauds success of whistle to whistle ban

The Betting and Gaming Council has praised the ‘success of the whistle to whistle ban’ after data has shown a significant reduction in the number of TV gambling ads seen by children Research carried out by Enders Analysis found that during the whistle to whistle period, the number of betting ads seen by children fell by 97%. Under the ban, …

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BGC calls for updates to ‘outdated’ payment regulations

The Betting and Gaming Council (BGC) has urged Chancellor Rishi Sunak to safeguard the future of London’s high-end casinos by modernising current payment regulations, including an amendment to section 81 of the Gambling Act 2005 to change ‘outdated legislation’. This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. The BGC highlighted the …

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