Retail

Updating the market, New York-listed gambling technology provider IGT Plc has announced that it has reached a comprehensive cross-licensing agreement with Aristocrat Leisure Limited (Aristocrat). IGT governance confirmed that the agreement would cover intellectual property involving game features and system patents between the two firms. Having committed to the licensing agreement terms, the participating firms have agreed to settle all outstanding litigation …

Asian gambling operator Genting Malaysia has sold its final 16.8% stake in Genting Group subsidiary Genting Hong Kong for a reported US $415 million (£320 million). The sale represents the lowest price permitted for the disposal of cruise line  operator Genting Hong Kong at $ 0.29 cents per share. Last Friday Genting Malaysia governance issued a corporate filing with Bursa …

The UK Gambling Commission (UKGC) has called for consumers and industry bodies , to help shape how its organisation will work with the general public. Updating the market, the UKGC has published its ‘two-way conversation: our plan for communicating with consumers‘ which aims to set out its approach to those who gamble or have an interest in gambling. Furthermore, In a …

Racing information and content provider SIS has agreed an exclusive three-year deal with the Mauritius Turf Club to distribute racing pictures, data, and fixed-odds prices to UK retail betting shops and online operators for the first time. The agreement will see the SIS service broadcast eight races a day for 37-weekend fixtures, with an average of nine runner races for …

The Wall Street Journal has reported this weekend that Cantor Fitzgerald LP’s sports betting subsidiary CG Technology has agreed to pay $22.5 million to the US government in forfeiture of the firm’s connection with illegal gambling and money laundering activities. Cantor governance has pushed for a non-prosecution agreement with the US Government, with CG Technology admitting responsibility of aiding and …

Star Sports the ‘luxury bookmaker’ has opened its new betting shop in the heart of Mayfair, taking up residence in one of UK betting’s most iconic premises. The independent bookmaker takes over the BetVictor ‘Victor Chandler’ betting shop on Deanery Street, just metres away from the historic Dorchester Hotel on Park Lane. The Deanery Street shop is revered in UK …

Following a period of commercial growth, sports data and media rights distributor Genius Sports has announced that it will open support offices in Los Angeles (USA), Medellin (Colombia) and Vilnius (Lithuania). Confirming its new international offices, Genius Sports governance stated that its investment would help grow the firm’s presence in over a dozen countries worldwide. Choosing its locations for international …

The Racing Partnership (“TRP”) has reached an agreement with the British Racecourse Bookmakers Association (“BRBA”) to administer payments to on-course bookmakers who provide their betting shows to the new betting shop channel. TRP will provide exclusive coverage to Licensed Betting Offices (“LBOs”) of all races from Doncaster, Lingfield Park, Wolverhampton, Royal Windsor, Worcester and Southwell – the first six of …

Industry news sources have reported that John Haddock has left as Chief Executive Officer of independent bookmaker Betfred. Haddock departs following thirty years’ service with the Manchester-based bookmaker, having served as CEO since August 2014  when he replaced Fred Done at the head of the company after years serving as managing director. As yet, Betfred governance has not disclosed any details …

William Hill’s retail betting division has begun the launch of 800 SG Gaming self-service betting terminals (SSBTs) across its UK estates. The ‘roll-out’ forms part of a wider agreement struck between William Hill and Scientific Games’ UK-facing subsidiary SG Gaming, which has become the bookmaker’s main hardware and terminal partner. Following the initial roll-out, a further 1200 terminals will be …