Retail

Ladbrokes named as new sponsor for King George VI Chase

Ladbrokes

Ladbrokes has confirmed that it has been named as the new sponsor for Kempton Park’s flagship meeting, The King George VI Christmas Festival, after inking a new five-year partnership.  The King George VI Chase – the most prestigious Grade 1 chase after the Cheltenham Gold Cup – was previously sponsored by Kindred Group’s 32Red.  Simon Clare, Ladbrokes Coral PR Director, …

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En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

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Cooperative agenda sees Malta MGA launch new ‘Sports Integrity Unit’

The Malta Gaming Authority (MGA) has established a new ‘Sports Integrity Unit’ helping strengthen its capacity and resources towards fighting sports corruption and match-fixing. The Integrity Unit will focus on gathering intelligence and data related to suspicious betting, serving as the MGS’ liaison foreign regulatory authorities, law enforcement agencies, wagering monitoring systems and sports governing bodies combatting the manipulation of …

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No-Deal Brexit trading hits lowest trading price on Betfair Exchange

Following Boris Johnson’s controversial decision to prorogue parliament next month, the Betfair Exchange reports that the odds of a ‘no-deal Brexit’ are being traded at their lowest prices this year.  Odds of a no-deal scenario have now been priced at 5/4 according to Betfair, marking a drop from the 5/2 earlier this month, and 9/1 earlier this year. Updating the …

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Ascot in talks over three-year extension to ITV partnership

The current agreement between ITV and Ascot Racecourse has been brought into the spotlight after it has been reported that the broadcaster has asked Ascot to come to a decision over whether it will agree to a three-year partnership extension.  Reported by the Racing Post, the partnership between the two has been highlighted by bookmakers, punters and sponsors, who have …

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Argentine woes see Codere issue profit warning

Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition. The …

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Visionary Paul Gauselmann celebrates 60-years in gaming

On Monday 26 August, Paul Gauselmann – founder of German gaming machines conglomerate Gauselmann Group (Merkur Gaming) – celebrated his 85th birthday and six decades working in the gambling sector. The industry figurehead, referred to in Germany as ‘the Pope of the amusement business’, is recognised as one of the top German post-war industrialists, having grown Gauselmann into the lead supplier of …

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HRI launches new campaign to boost racing engagement

As part of a new bid to boost interest in the sport, Horse Racing Ireland (HRI) has spearheaded a new television marketing campaign which is set to be broadcast across a number of Ireland’s major television channels.  The new campaign is due to be led by HRI commercial and marketing director Paul Dermody, and will feature a number of key …

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Paddy Power shortens odds on BoJo scrapping backstop

As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …

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On-course bookmakers ‘concerned’ about age-verification failures

Following the announcement that seven UK on-course bookmakers would be having their licences reviewed by the UK Gambling Commission (UKGC), representatives from the racing sector have called for further information on age verification measures to address under-age gambling.  The seven bookmakers had reportedly allowed a 16-year old to place a bet at this year’s Royal Ascot, which took place in …

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