Retail

IGT raises FY23 guidance as gaming and digital divisions drive Q2 revenue

IGT

International Game Technology’s (IGT) Global Gaming and PlayDigital divisions have driven an impressive quarter for the company, prompting a readjustment of its full year trading projections. The London-based igaming, iLottery and betting solutions developer informed its NYSE investors that total group income for Q2 2023 had risen 3% to $1.06bn (Q2 2022: $1.02bn). This was driven largely by an increase …

Read More »

NSW venues harm reduction efforts praised by state government

NSW

The government of New South Wales (NSW) has voiced positive feedback to the regional betting and gaming industry amid a range of state-wide reforms coming into effect. With a roadmap for reform to the state gambling regulatory framework under development, authorities have been engaging with 530 venues across 20 metropolitan and 12 regional local government areas throughout NSW. The results …

Read More »

BetMakers declares AU$41m in Q4 FY23 cash flow after cost reductions

BetMakers pon ‘path to profitability’ with restructuring and cost reduction

A succession of new partnerships and continuing of long-term client relationships has driven  strong trading performance for BetMakers Technology Group during Q4 of the 2023 financial year. At the close of the three month period ending 30 June 2023, the ASX-listed betting technology supplier declared cash flow of $41m, driven by a 5% quarter-on-quarter increase in cash receipts to AU$24.8m …

Read More »

Unibet named title sponsor of Goodwood preview show ‘Morning Dash’

SBC News Unibet named title sponsor of Goodwood preview show ‘Morning Dash’

Unibet has partnered with Spotlight Sports Group (SSG) as the bookmaker becomes the title sponsor of the Racing Post’s ‘Morning Dash’ preview show throughout the Qatar Goodwood Festival. The programme will be filmed live every morning from 1-5 August and will feature Unibet offers, boosts and ambassadors such as Classic winning trainer Richard Hannon Jnr and multiple Group 1 winning …

Read More »

IGT claim against National Lottery licence transition falters in High Court

National Lottery legal battle renewed as IGT takes up the cause

The High Court of England and Wales has decided against a legal claim by International Game Technology (IGT) regarding the upcoming National Lottery licence transition. IGT and outgoing National Lottery operator Camelot UK both lodged complaints against the UK Gambling Commission’s (UKGC) decision to issue the fourth National Lottery licence to Allwyn in September 2021. Both claims were dropped in …

Read More »

Double boost for FDJ as Irish lotteries acquired and H1 revenue hits €1.3bn

FDJ acquires Premier Lotteries Ireland

FDJ Group has further expanded its international operations through the acquisition of the Irish National lottery, whilst also reporting a strong trading performance throughout H1 2023. Française des jeux reported year-on-year revenue growth of 6% to €1.3bn (€1.2bn), accompanied by recurring EBITDA of €300m, representing a margin of 23.3% although a decline of 3% on €308m recorded in H1 2022. …

Read More »

A ‘fresh chapter’ for bacta as John Bollom returns as National President

SBC News A ‘fresh chapter’ for bacta as John Bollom returns as National President

The British Amusement Catering Trade Association (bacta) has announced that a total of 45 members have been elected to take-up positions in the group’s newly announced streamlined structure.  A ‘respected industry personality’, John Bollom has been voted National President, meanwhile Joseph Cullis, Owner of Scottish operating company Windmill Leisure, has been named Vice-President – both under two-year terms.  Described as …

Read More »

William Hill enters third year of Racing League sponsorship

SBC News William Hill enters third year of Racing League sponsorship

William Hill has been confirmed as the official betting partner of the Racing League 2023 competition. The bookmaker sponsors the team, points-based, horse racing competition – launched in July 2021 for six weeks at racecourses around the UK – for the third consecutive year. It will gain exclusive naming rights to all races as well as exclusive access and content …

Read More »

UK govt and Gambling Commission open White Paper consultations

UK govt and Gambling Commission open White Paper consultations

A range of betting and gaming stakeholders, as well as those in the treatment sector, have been asked to provide evidence to government and UK Gambling Commission (UKGC) consultations. The discussions are a fundamental objective of the Gambling Act review White Paper, published back in April, which laid out a number of recommendations for the regulatory future of the UK …

Read More »

Jdigital: Spanish reforms cannot move forward amid political deadlock

Jdigital: Spanish reforms cannot move forward amid political deadlock

Jdigital observes a political deadlock in Spain following the unsettled outcome of last weekend’s snap general election, which at present sees no party being able to form a government. A conclusive outcome was required from Sunday night’s polling to find out which government will lead the next phase of Spanish gambling federal reforms.   “We, like the rest of the country, …

Read More »