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UK Government publishes draft Racing Levy 2017 legislation

SBC News UK Government publishes draft Racing Levy 2017 legislation

The Racing Post is reporting that  the government has published its initial ‘The Horserace Betting Levy Regulations 2017’, a draft legislation framework which could lead to the replacement of the existing levy system from this coming April. At present the replacement of the levy does not require ‘primary legislation’ with its new provisions being written by a government ‘statutory instrument’ …

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Intralot forms omni-channel focused strategic partnership with Amelco sports betting

SBC News Intralot forms omni-channel focused strategic partnership with Amelco sports betting

Global lottery and gambling systems provider Intralot has formed a strategic partnership with sportsbook trading software supplier Amelco to develop a string of new omni-channel products. The innovation-led partnership will see Athens-listed Intralot co-develop new omni-channel sports betting products/services utilising Amelco ATS platform modules. Announcing the partnership, Intralot governance stated that the strategic partnership was needed in order to fulfil …

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BetBright Cup winner gets £10,000 for Injured Jockeys Fund

BetBright Cup

BetBright has announced that the winning BetBright Cup captain will receive a £10,000 donation to the Injured Jockeys Fund of their respective country on their behalf. Formerly the Prestbury Cup, the BetBright Cup is awarded to Great Britain or Ireland, depending on who gets the greatest number of winners at the Cheltenham Festival. Rich Ricci, BetBright Chairman, said: “The prize …

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Hammond Wonderland! Paddy Power opens ‘Budget Bingo’ markets

SBC News Hammond Wonderland! Paddy Power opens ‘Budget Bingo’ markets

Paddy Power Politics has opened its ‘Budget Bingo’ markets as UK Chancellor of the Exchequer Philip Hammond presents his first ever budget to the House of Commons this Wednesday. Taking over the fiscal reigns of former Chancellor George Osborne, UK political commentators eagerly await Hammond’s ‘Budget 2017’ presentation, which will reveal PM Theresa May’s strategy in a much-changed political landscape. …

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Paddy Power Betfair to capitalise on ‘Brand, Legacy & Scale’ following year of transformations

SBC News Paddy Power Betfair to capitalise on 'Brand, Legacy & Scale' following year of transformations

Having completed a year of corporate integrations and co-synergies, FTSE100 Paddy Power Betfair (PPB) is looking forward to the Cheltenham Festival 2017, in which the company will display its combined corporate efficiencies. This morning PPB governance published its ‘Preliminary Results’ for full-year 2016, which outlined a proforma ‘double-digit growth across all four operating divisions’, with PPB group revenues hitting £1.5 …

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Cheltenham ground in fantastic shape for full Festival schedule

SBC News Cheltenham ground in fantastic shape for full Festival schedule

Cheltenham ‘Clerk of the Course’ Simon Claisse has stated that the racecourse ground conditions are in ‘fantastic shape’ for next week’s full festival 2017 racing schedule. With Cheltenham 2017 beginning next Tuesday, Claisse detailed that the Cheltenham Old Course ground was ‘good to soft’ and that the same conditions could be seen for the Cheltenham New Course ground which will …

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BT Sport pays £1.2 billion for blanket UEFA football rights extension

SBC News BT Sport pays £1.2 billion for blanket UEFA football rights extension

Updating UK media this morning, BT Sport has confirmed that it has extended its coverage of the UEFA Champions League and UEFA Europa League competitions until 2021 in a deal worth £1.2 billion. Agreeing new terms with UEFA, BT Sport will become the sole broadcaster of Champions League content which will include match day highlights. The decision sees UK terrestrial …

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Danuta Gray steps down as Paddy Power Betfair Independent Director

SBC News Danuta Gray steps down as Paddy Power Betfair Independent Director

Paddy Power Betfair (PPB) Independent Non-Executive Director Danuta Gray, will not stand for re-election at the company’s annual general meeting scheduled for 17 May 2017. Gray the former Chief Executive of mobile telecommunications O2 Ireland, had joined Paddy Power as an Independent governance advisor and member of the Remuneration Committee in January 2013. Following the successful £6.6 million merger of …

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Enlarged Scientific Games reduces group net losses in 2016

SBC News Enlarged Scientific Games reduces group net losses in 2016

Publishing its full-year 2016 results, Nasdaq-listed Scientific Games Corp (SGC) has reported group net losses of $110 million for its Q4 2016 performance (period ending 31 December). The industry games machine manufacturer reports that its losses were incurred despite combined SGC divisions reporting a fifth straight quarter of revenue growth to $752 million (Q4 2015: $737 million). Closing its full-year …

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Sportech agrees to sell Football Pools for ‘£83 million cash’ to OpCapita PE

SBC News Sportech agrees to sell Football Pools for '£83 million cash' to OpCapita PE

Updating the market, Sportech Plc has confirmed that it has entered a ‘conditional agreement’ to sell its Football Pools division for £83 million to ‘FP Acquisitions Limited’ a newly created company controlled by the funds of London private equity firm OpCapita. Seeking deal clearance, Sportech governance will now present the cash offer to its investors for approval. The Sportech board …

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