Retail

All the news form the retail betting sector

Fortuna Entertainment profits up for 2014

Czech betting and gambling operator Fortuna Entertainment Group posted a 21% increase in corporate profits for its first nine months of 2014. The operator recorded EBITDA profits of €22 million (£17.3 million) for the period, outlining that growth had been driven by higher customer activity and improved performance of its online gambling verticals. Fortuna Entertainment senior management stated that the …

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GTECH secures $2.6 billion financing agreement to finalise IGT acquisition

Lottery and gambling technology provider GTECH SpA has announced that it has entered a $2.6 billion five year senior facilities agreement with a syndicate of twenty banks in order to finalise its acquisition of International Game Technology (IGT). The financing agreement will provide GTECH SpA with a $1.4 billion multi-currency credit facility.  The corporation have also been granted a further …

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BHA appoints Nick Rust as CEO

The British Horseracing Authority (BHA) has announced the appointment of Nick Rust, former Retail Director of Ladbrokes as new Chief Executive Officer. Rust will replace outgoing CEO Paul Bittar, who ends a three year tenure at the helm of BHA. Rust has been involved in the racing and the betting industry since 1987, having served in numerous senior management positions …

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Lee Richardson: British horseracing… time to set Levy adrift

Lee Richardson, CEO at Gaming Economics, has looked at the tired old Levy Scheme and thinks its time that a modern industry found a modern solution. Gaming Economics thinks it’s time for the British horseracing industry to stop relying on Levy funding under its current guise. The Horserace Betting Levy is a statutory instrument which essentially transfers money from those …

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Global Bet virtual sports agrees content partnership with 1960bet

Virtual sports gaming provider Global Bet has announced a strategic content partnership with Nigeria based sports betting operator 1960bet to supply virtual sports gaming content to 1960bet retail betting outlets. The exclusive deal will see Global Bet virtual content streamed via two exclusive satellite broadcast channels to 1960bet shops across Africa. 1960bet currently operates more than 5000 retail betting outlets …

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Paddy Power hires Adstream to handle print content output

Irish bookmaker Paddy Power, has appointed Adstream to handle all of its press advertising content for the UK and Ireland. Adstream, a global provider of digital advertising solutions, will store and disseminate all of Paddy Power’s print advertising via its ad production services team, which will oversee the colour management, versioning and delivery of all content. The decision to award Adstream the …

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Camelot reports UK lottery sales decline

Camelot licensed operator of the UK National Lottery, reported a 6% increase of £76.8 million in profits (2013: £72.2 milllion), despite recording a fall in ticket sales and charitable contributions. Camelot attributed its improved profits to a fall in operational expenses, despite a partial offset by a reduction in net income. The UK lottery operator had recorded a decrease in …

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UFC Vice President backs expansion of US sports betting

UFC Executive Vice President Lawrence Epstein has publicly backed the expansion of legalised sports betting in the United States. Speaking to US news source ESPN.com, Epstein urged the US senate to address the need for proper regulation and frameworks in order to allow legalised sports betting. Epstein stated that unlike the four major US sporting associations (NHL, NBA, NFL, MLB) …

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Synot Group targets Spanish gambling market

Czech Republic licensed lottery and gambling group, Synot has announced its expansion into the Spanish gambling market. Synot Group will launch its Spanish gaming initiatives under the name Synot Gaming Spain SL. Synot Gaming Spain will look to offer video lottery and gambling terminals to local gambling providers. Synot have chosen to enter the market, as Spanish gambling regulators allow …

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Bally Technologies reports 23% decline in net income

Casino equipment manufacturer Bally Technologies reported a 23% decline of $28.8 million (£18 million) (2013 $37.8 million) in its net income for its first quarter fiscal performance for 2015. During the period ending 30 September, Bally Technologies had posted record revenues of $320.8 million (+ 29% 2013: $249.3 million), with gaming operations setting an all-time quarter revenue performance of $106 …

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