Retail

London Greyhound racing faces extinction as Sadiq Khan backs AFC Wimbledon plans

SBC News London Greyhound racing faces extinction as Sadiq Khan backs AFC Wimbledon plans

Greyhound racing in London faces extinction, following the decision by London Mayor Sadiq Khan to allow the Wimbledon Greyhound Stadium to be the site for AFC Wimbledon’s new stadium. The London Mayor has granted Merton Council the right to hold the final decision regarding the tracks future, offering no hope for greyhound racing survival in London. Merton Council officials have …

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Storm Gaming gains funding round from Intrinsic Equity

SBC News Storm Gaming gains funding round from Intrinsic Equity

Independent digital retail gaming content supplier Storm Gaming Technology (Storm Gaming), has confirmed that it has received venture financing from Birmingham-based investment firm Intrinsic Equity. Storm Gaming management declared that the funding would be used to develop the firm’s current gaming portfolio. To date Telford-based Storm Gaming services circa 5,000 games installed in pubs, bars, clubs and arcades within the …

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Caesars Entertainment keen on Toronto casino complex

SBC News Caesars Entertainment keen on Toronto casino complex

Canadian business news sources have reported that Caesars Entertainment Corporation (CEC) is one of the bidding firms seeking to win the building rights for a casino complex in Toronto. CEC’s bid for a Toronto gaming complex, comes despite the company being embroiled in ongoing creditor disputes relating to subsidiary Caesars Entertainment Operating Company (CEOC) $18 billion debt. Nevertheless, CEC shareholders …

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Blavatnik’s Access Industries wants Perform to be the ‘Netflix of Sports’

SBC News Blavatnik’s Access Industries wants Perform to be the 'Netflix of Sports'

Len Blavatnik’s firm Access Industries, which has investments in the media & technology sectors, is reported to have rejected a number of co-funding approaches from US tech giants in Perform Group (Perform). This weekend The Daily Telegraph reported that Blavatnik had turned down equity funding partnerships from the likes of Amazon, Facebook and YouTube, as Access Industries aims to turn …

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Victoria to get tough on Gambling advertisement

SBC News Victoria to get tough on Gambling advertisement

The Victoria (Australia) state government has begun consultations on potential restrictions to gambling services advertising. Multiple Australian news sources have reported this weekend that state governance is reviewing plans to ban gambling advertisements being published within public transport services and near schools. State Gaming Minister Marlene Kairouz who is reviewing advertising standards proposals, commented that Victoria’s community was concerned with …

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City pays close attention to Paddy Power Betfair H1 results

SBC News City pays close attention to Paddy Power Betfair H1 results

City analysts are eagerly awaiting Paddy Power Betfair’s (PPB) H1 2016 financial update on Wednesday 24 August, as the newly listed FTSE operator updates the market and its investor on merger progress. Close attention will be paid to PPB’s ongoing convergence strategy, as the company has undertaken a series of restructures to its marketing and operational divisions with PPB governance …

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Worldpay records 20% Premier League boost in bumper weekend for bookies

SBC News Worldpay records 20% Premier League boost in bumper weekend for bookies

The Premier League returned this weekend past with plenty of fixtures to whet fans’ appetites for the 2016-2017 season.  Data from Worldpay revealed a mammoth 20% rise in the number of bets placed on opening day compared to last year, with more fans than ever hoping to win big as the world’s most watched football league returned.* Following Leicester’s fairytale league …

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Caesars settles over restructuring plan with CEOC bondholder

SBC News Caesars settles over restructuring plan with CEOC bondholder

Updating the market, Caesars Entertainment Corporation (CEC) has announced that it has settled one of several bondholder lawsuits filed against debt holding subsidiary Caesars Entertainment Operating Company (CEOC). Filing a Securities and Exchange Commission notice on Wednesday, CEC governance detailed that it had settled with creditor Frederick Barton Danner a 6.5% bondholder in CEOC notes. Danner representatives have confirmed that they …

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Major merger off after William Hill refuses to play ball with 888 and Rank

SBC News Major merger off after William Hill refuses to play ball with 888 and Rank

888 Holdings Plc and The Rank Group Plc are withdrawing their proposal for a three way merger with William Hill, citing an inability to ‘meaningfully engage’ with the bookmaker’s board on the issue. 888 CEO Itai Frieberger said: “We are disappointed that the board of William Hill did not share our vision of the combined businesses. We believe that there …

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Lottery ‘Record Breaking Year’ lifts Tatts Group 2016 performance

SBC News Lottery 'Record Breaking Year' lifts Tatts Group 2016 performance

Presenting its 2016 full year report (period ending 30 June), Australian ASX-listed gambling operator Tatts Group has revealed a mixed set of results reporting strong digital growth hindered by legal costs. Closing its FY 2016 Tatts Group (Tatts) would post a statutory net profit decline of -7% to AUS $233 million (£136 million). Tatts 2016 earnings would be impacted by …

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