Retail

Vegas portfolio gains see Boyd Gaming confident of hitting 2017 targets

SBC News Vegas portfolio gains see Boyd Gaming confident of hitting 2017 targets

New York-listed US Casino group Boyd Gaming Plc (Boyd) is confident of hitting its 2017 full-year corporate targets and expectations, following its best ‘quarter results’ in nearly ten years. Updating investors of Q2 2017 results (period ending 30 June), Boyd reported a 10% uplift in group new revenues to $599 million (Q2 2016: $544 million). Driven by enterprise growth across …

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Betfred boosts betting shop content with The Racing Partnership deal

SBC News Betfred boosts betting shop content with The Racing Partnership deal

Updating the market, UK independent bookmaker Betfred has agreed an extended media rights deal with The Racing Partnership (TRP), the official broadcast company for the Arena Racing Company (ARC). The agreed deal will see TRP content from fifteen ARC racecourses and seven syndicated independent racetracks, broadcast with immediate effect across Betfred’s UK retail portfolio of +1600 betting shops. Further to …

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Z Capital acquires US racing legacy news source Daily Racing Form

SBC News Z Capital acquires US racing legacy news source Daily Racing Form

International private equity firm Z Capital Partners has informed that it has acquired the Sports Information Group (SIG), operating company of horse racing publisher the Daily Racing Form. The terms of the transaction were not disclosed by stakeholders, but it was informed that the acquisition had been officially carried out by a Z Capital affiliate. SIG operates legacy international racing …

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Grimey…Ladbrokes places Stormzy as early Mercury Prize favourite

SBC News Grimey…Ladbrokes places Stormzy as early Mercury Prize favourite

Following yesterday’s announcement by the British Phonographic Industry (BPI) of the twelve UK contemporary music albums making the finals of this year’s Mercury Music Prize, Ladbrokes has placed UK Grime artist Stormzy as 7/2 favourite to win the coveted award. Should the BPI Mercury jury award Stormzy’s ‘Gang Signs & Prayer’, the South London rapper will become the second UK …

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Galaxy Gaming promotes Todd P Cravens to CEO

SBC News Galaxy Gaming promotes Todd P Cravens to CEO

US Nasdaq-listed casino games developer Galaxy Gaming has confirmed the promotion of Todd P Cravens to Chief Executive Officer (CEO), taking over leadership of the firm from Robert Saucier. Cravens is promoted to CEO, having most recently served as President of Business Development for the Las Vegas based games developer. A seasoned US gambling industry executive, Cravens has held senior …

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Tracey Crouch – UK on track to become World Leader in sports Governance & Transparency

Crouch

UK Sports Minister Tracey Crouch has praised national sports bodies for responding positively and ‘working to become compliant’ with the new ‘Code for Sports Governance’ which will be introduced by the end of October. Part of the government’s ‘Sporting Future’ mandate/code presented in December 2015, the UK seeks to become the world leader in sports governance and transparency. The code’s …

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Digitally strong Ladbrokes Coral confident of 2017 targets

Issuing a trading update, the governance FTSE-listed bookmaker Ladbrokes-Coral has detailed that it is ‘on target’ to hit its full-year corporate targets and expectations following a positive H1 2017 opening driven by strong digital gains. Updating investors, Ladbrokes Coral governance details that it expects Total Group net revenue to be 1% ahead of last year (cc -1%), with total group …

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IGT secures new $1.5 billion loan agreement towards debt commitments

IGT

New York-listed industry lottery and gambling systems provider IGT Group Plc (IGT) has this afternoon announced that it has secured a new $1.5 billion loan agreement which is set to mature from 2023. Updating the market and stakeholders, IGT governance informs that it will use the proceeds from the $1.5 billion loan to repay the ‘€800 million term loans maturing …

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UKGC launches ‘Resolver’ consumer gambling complaints tool

SBC News UKGC launches 'Resolver' consumer gambling complaints tool

Updating the market, The UK Gambling Commission (UKGC) has announced the launch of its new consumer online support tool ‘Resolver’ to help players make complaints related to gambling Planned to be launched on 1 August, Resolver is a free, independent tool for consumers. It provides information about the issue the consumer wants to complain about, and support to help the …

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FSB boosts platform content & data dynamics with Racing Post partnership

SBC News FSB boosts platform content & data dynamics with Racing Post partnership

Updating the market, industry bespoke betting platform provider FSB Technology (FSB) has announced that it will make Racing Post content and data available to its customer base. Moving forward Racing Post content will be published across FSB platforms, giving client users the most in-depth and informative data for UK and Irish horseracing as well as greyhounds. FSB development detailed that …

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