Retail

Stockholm Nasdaq-listed online betting platform provider Kambi Group Plc (Kambi) has announced the it has signed a memorandum of understanding with Novomatic Lottery Solutions (NLS), becoming its gaming supplier partner for government regulated lotteries. Confirming its strategic partnership with the Novomatic Group lottery subsidiary, Kambi will integrate its digital sports betting solution within NLS lottery supplier platform. Moving ahead with …

Australian business news sources are reporting that market leading gambling operators’ Tabcorp Plc and Tatts Group have entered advanced talks to create an AUS $9 billion enterprise. The operators have previously engaged in merger discussions. In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms. Today both …

The governance of FTSE-listed Ladbrokes Plc is confident of delivering on its full-year 2016 expectations following the operator posting a fourth successive quarter of group revenue growth. Presenting its Q3 2016 trading update (period ending 30 September) Ladbrokes governance expects to post a 12% group revenue uplift delivering a strong KPI metrics across its divisions. Of particular note, the operator …

Irish independent bookmaker BoyleSports has publicly ‘communicated its concerns’ to the UK Competitions & Markets Authority (CMA) regarding the sale of 359 retail betting shops as part of the pending Ladbrokes-Coral merger. The bookmaker was disappointed to have had its larger bid turned down by Ladbrokes and Coral governance in favour of a lower combined £55.5 million cash bid by …

Updating the market, IGT Group (IGT) has informed that it has signed a six-year supplier services extension with the Texas Lottery Commission (Texas Lottery). The extension sees IGT continue to serve as the Texas Lottery’s principal solutions provider through to August 2026. The Texas Lottery has been a customer of IGT since its initial foundation in 1992. The partnership will …

Presenting its full broadcast schedule for UK racing in 2017, ITV Sports has revealed Frankie Dettori and Victoria Pendleton as new members of its ‘ITV Racing team’. ITV who takes over UK racing terrestrial broadcast from Channel 4 in January 2017, announced that legendary champion jockey Dettori would take on the role of ‘racing expert’. Pendleton a two-time Great British …

The UK Racing Levy Scheme has again hit national headlines, as UK Sports Minister Tracey Crouch detailed to industry stakeholders that her department intends to place a 10% gross profit charge on all racing wagers whether placed via a retail bookmaker or online. Crouch and the Department of Culture, Media and Sports will seek to implement the industry charge which …

The merger of Ladbrokes Plc and Gala Coral is almost good to go after the bookmakers revealed that 359 betting shops of its combined retail portfolio will be sold to Betfred (322 shops) and Stan James (37 ). The sale of the betting shops is conditional upon the approval of the UK Competition and Markets Authority (UK CMA) and will be …

Issuing an ‘Interim Management Statement’, FTSE-listed UK gambling operator Rank Group Plc (Rank) has reported that it expects to post ‘flat revenues’ revenues for its trading update for the 15-week period to 9 October. Ahead of its Annual General Meeting, Rank the operator of Grosvenor Casinos and Mecca Bingo halls reiterates its full-year target expectations. Publishing a brief trading update, …

London hedge fund Parvus Asset Management (Parvus) has publicly stated that it will not back the merger of William Hill and Amaya Inc, declaring that it sees ‘little strategic logic’ in the £5 billion ‘all-stock merger of equals’. Led by Danish financier Mads Eg Gensmann, Parvus is reported to be William Hill Plc’s largest investor owning approximately 14.3% of company shares. …