Retail

Cyprus government reviews OPAP monopoly arrangement

OPAP Q3 bounce back hurt by continued lottery declines

Seeking to prepare its market for future regulations, the National Betting Authority of Cyprus (EAS) has begun its crackdown on online gambling sites deemed to be targeting national consumers. The actions of the authority have been granted by the Cypriot Finance Committee with a view of creating fair market conditions for sports betting operators seeking a Cyprus license application. The …

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Analysts cool on Ladbrokes Coral interest in Tabcorp

SBC News Analysts cool on Ladbrokes Coral interest in Tabcorp

Australian ASX analysts appear to be cool on the prospects of newly formed Ladbrokes Coral Plc acquiring Tabcorp Holdings for a reported + £2 billion offer. UK business news sources reported this weekend that Ladbrokes Coral governance had asked advisers to study a potential approach for ASX-100 Tabcorp. However, Australian business analysts have questioned the logic of Ladbrokes Coral’s approach …

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Go South! Ladbrokes Coral studies £2 billion bid for Tabcorp Australia

SBC News Go South! Ladbrokes Coral studies £2 billion bid for Tabcorp Australia

Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …

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Surf’s Up! William Finnegan’s ‘Barbarian Days’ wins 2016 ‘William Hill Sports Book of the Year’ award

SBC News Surf's Up! William Finnegan’s 'Barbarian Days’ wins 2016 'William Hill Sports Book of the Year' award

William Finnegan’s surfing memoir ‘Barbarian Days’ has won the 28th ‘William Hill Sports Book of the Year’ award, the richest and most prestigious sports literature prize. Described by judges as ‘compelling elegiac and profound’, Barbarian Days is the first surfing-based book to win William Hill’s literature prize. Finnegan a New Yorker magazine columnist has already won critical acclaim for his …

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Challenging environment hurts OPAP Greece profits as company prepares for VLT restart

SBC News Challenging environment hurts OPAP Greece profits as company prepares for VLT restart

Closing its Q3 2016 (period ending 30 September), Greek gambling operator OPAP has posted a 40% decline in net profits to €29 million (Q3 2015: €49 million). The operator informs its stakeholders that it is continuing to adapt to a ‘challenging environment’ in which it operating margin has been impacted by higher taxes of 35% by the Hellenic Republic. Adjusting …

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Tote Ireland renews pari-mutuel supplier contract with Sportech Racing & Digital

SBC News Tote Ireland renews pari-mutuel supplier contract with Sportech Racing & Digital

Sportech Racing & Digital, a division of Sportech Plc has confirmed that it has renewed its supplier contract with Tote Ireland, which will see the company continue to supply pari-mutuel betting technologies and provisions. The racing technology supplier detailed that it had won a competitive tender process for its renewal of services with Tote Ireland, a customer of Sportech since …

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Lottomatica sports-betting up but IGT hit by social decline

IGT sheds Italian weight offloading Lottomatica B2C units to Gamenet SPA

Lottomatica’s sports-betting operation in Italy enjoyed 7% growth in wagers in the third quarter benefitting from the second-half of the European Championships falling in the period, however parent company IGT’s results were marred by a significant fall in social casino revenues. The company gave very little further detail other than suggesting the sports-betting business helped contribute, alongside the company’s lottery …

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Camelot fixes faulty mobile apps

SBC News Camelot fixes faulty mobile apps

UK National Lottery operator Camelot has updated its customers informing them that it has issued a release fixing its Apple iOS app, following nearly a month-long downturn. Issuing an ‘important player message’ the lottery operator further promised that it would fix its Android app which was being tested and would be ’coming out soon’. In October Camelot pulled its mobile …

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