Retail

Speaking to Yahoo Finance, Warren Buffett the world’s most powerful hedge fund magnate with a speculated wealth of $76 billion remains tepid on the potential of legalising US sports betting. Buffett a fan of college basketball, who this February repeated his $1 million-a-year sweepstake for Berkshire Hathaway employees to predict the correct ‘March Madness’ brackets of the NCAA Basketball Championships, …

Caesars Entertainment Corporation (CEC) has confirmed the appointment of Jim Firth as its new Venue Director for EMEA properties. The appointment of Firth as European venue director will see him takeover immediate management of Caesars famous London Casino property ‘The Sportsman’ (Marylebone). Firth has over 25 years’ experience working in Casinos and the leisure industry. Prior to joining Caesars European …

Speaking to The Evening Standard on the opening day of the 2017 Cheltenham Festival, Ladbrokes Coral CEO Jim Mullen has warned the UK government that stringent limits on fixed-odds-betting-terminals (FOBTs) could force the closure of bookmakers and risk a significant number of job losses. UK bookmakers await the publication of the Department for Culture, Media and Sport (DCMS) official industry …

Industry virtual sports content provider VSoftCo Group has entered the Argentine gambling market by agreeing on a multi-year virtual sports supplier terms with Impresora Internacional de Valores S.A (IVISA) an Argentine licensed lottery and gaming solutions supplier. Updating the market, VSoftCo will act as lead supplier of virtual sports content to IVISA syndicated retail outlets and online properties. The partnership …

Bringing innovation and player engagement to its retail betting shops, bookmaker William Hill has launched a series of interactive shop window takeovers promoting its Cheltenham Festival 2017 offers and market odds. The project led by Leeds-based retail and leisure marketing agency Savvy, will see William Hill promote a live in-store campaign utilizing interactive holograms of racehorse and jockeys. The horses …

Reuters UK has reported that the private owners of Novomatic Group are exploring a corporate initial public offering that could value the gambling machine manufacturer and industry systems provider at €6 billion (£5.3 billion). The Vienna-based private company is reported to have hired Australian investment bank Macquarie Group as corporate advisor, with stakeholders eyeing a floatation on London or Frankfurt …

In a surprise move, the governance of Australia ASX-listed gambling operator Tabcorp Holdings has announced that it has switched regulatory body supervising its AUS $11 billion merger with competitor Tatts Group. Updating investors this morning, Tabcorp confirmed that it had filed a direct merger application with the Australian Competition Tribunal (ACT), replacing the Australia Competition & Consumer Commission (ACCC) as …

Kenyan betting industry and sports stakeholders have detailed concern about the potential rise in gambling and lottery taxes which could create negative business conditions and hinder effective tax revenues vital to the nation’s sports and social development programs. The restructuring of Kenya’s gambling laws have been a key mandate for the National Assembly which seeks to improve consumer provisions and …

Leading international digital payment supplier, Worldpay is predicting that online bookmakers will experience up to a 60% increase in turnover this week as British punters hope for a re-run of last years’ record-breaking Cheltenham Festival. A string of winning favourites at the 2016 Festival saw UK betting operators’ suffer losses of more than £60m, the worst in living memory.  But figures …

Industry charity and problem gambling prevention group GambleAware (Gambleaware.org) has confirmed the appointment of three new trustees as advisors’ to its Board of Governance. Following an open recruitment process, which lasted four months GambleAware announces the following new trustees Professor Siân M Griffiths OBE, Past President of the UK Faculty of Public Health, Associate Non-Executive member of the Board of …