Retail

FTSE-listed William Hill hosted its first ever ‘International Community Week’ in which employees across eight countries in four continents spent the week of 20-26th volunteering for local charities. The charity week was part of the company’s community and social initiative, ‘Close to HOME’, in which William Hill looks to support the local communities where its business properties are based. William …

Despite the unknown circumstances of Brexit negotiations, financial services firm KPMG believes that the future is bright for Gibraltar business and its community of industry stakeholders. This week KPMG hosted its seventh annual ‘eSummit in Gibraltar’ on 23 March ( Sunborn Hotel). As the event organiser, KPMG would host a Gibraltar Brexit ‘current state of play update. Opening the eSummit, the Hon. …

Kenyan betting and lottery operators are by far the ‘biggest losers’ of the 2017/18 Kenya National Budget presented by Treasury Secretary Henry Rotich. The worst nightmares of Kenyan betting industry stakeholders came to life, as Rotich and the National Alliance (TNA) government announced a ‘uniformed 50%’ industry revenue tax on all verticals, more than tripling current gambling tax charges of …

Publishing its full-year 2016 financial results, Athens-listed gambling and lottery systems provider Intralot Group has stated that its operations are beginning to ‘reap the rewards of its business transformation’. Presenting its full-year 2016 breakdown, Intralot governance would report a 7% increase in group revenues to €1.32 billion (FY 2015: €1.25 billion). The firm states that its revenue capabilities have been …

Presenting its full-year 2016 results, Greek gambling operator OPAP details that its financial performance has been impacted by higher tax charges combined with a higher operational outlay as the firm prepares for significant operational changes in 2017 While OPAP sustained total group wagering at €4.2 billion and group gross gaming revenues at €1.39 billion, the firm’s earnings and profit metrics would …

Despite the NFL franchise owners overwhelmingly supporting (31-1) the relocation of the Oakland Raiders to Las Vegas Nevada. Roger Goodell, Chief Commissioner of the NFL states that the league will not change its stance on the issue of US legal sports betting. Speaking to US media, Goodell restated that the NFL opposed all forms of betting on its matches. Goodell …

Updating the market, US gambling operator Caesars Entertainment Corp (CEC) has confirmed the promotion of Christian Stuart to the newly created role of Executive Vice President of Gaming and Interactive Entertainment The promotion sees Stuart a ten-year CEC veteran (2007-2017), join the firm’s executive management team. Stuart steps up to the new CEC leadership position having previously served as Chief …

Commissioned by industry charity GambleAware, a study of industry ‘self-exclusion’ practices carried out by Chrysalis Research has found that consumer protection schemes are proving to be effective at stop problem gambling. The evaluation of ‘Multi Operator Self Exclusion Scheme’ (“MOSES”) for UK licensed betting shops has detailed that 83% of users researched found industry practices effective in reducing or stopping …

Following its annual Franchise Owners General Meeting on Monday 27 March, the NFL has approved for the Oakland Raiders to move to Las Vegas Nevada within the next three years. US business news sources report that NFL Franchise owners voted overwhelmingly (31-1) in favour of a Las Vegas relocation for the Raiders, despite protests from Oakland fans and city officials. …

Updating the market this morning, FTSE-listed Playtech Plc’s sports betting division Playtech BGT Sports has confirmed that it has extended its betting terminals agreement with Irish independent bookmaker BoyleSports for a further four years. As part of the deal, Playtech BGT Sports will supply an initial 325 terminals to Boylesports, taking the total number to over 600 across their 220-strong …