Retail

Sporting Index has found that the cost to the British economy from workers watching the 31st Olympiad at work is a staggering £1.6bn.  The spread betting firm commissioned pollsters Opinium to survey the British public ahead of the Games, and found that Olympic-watching Brits will spend 24 minutes on average tuning into the sporting action from Brazil while at work. …

Updating the market, the UK Gambling Commission (UKGC) has fined UK National Lottery operator £300,000 for publishing inaccurate ‘Lotto Millionaire Raffle’ results on its website property. Following an investigation into the results publishing, UKGC officials stated that Camelot had placed ‘public confidence at risk’. Issuing further details, The Commission’s investigations into this error found that Camelot had breached the terms of …

Stating its corporate intent to increase its profile within the UK betting market, Irish independent bookmaker Boylesports outlined to the Irish Business Post that it is prepared to bid £100 million (€118 million) for a significant chunk of Ladbrokes-Coral retail betting shop inventory. Meeting industry competition concerns, the UK Competitions and Markets Authority (CMA) has forced Ladbrokes-Coral to sell circa …

In a move that has surprised industry analysts, Nasdaq-listed Scientific Games Corporation (SGC) has announced the appointment of Kevin Sheehan as its new Chief Executive, as incumbent Gavin Isaacs moves to the governance position of Vice Chairman of the Board. Announcing the appointments this weekend, SGC confirmed to the media that Sheehan and Isaacs had already assumed their new governance …

Sky Sports’ acquisition of the Chinese Super League’s (CSL) UK TV rights has seen immediate demand, from subscribers, for coverage via the Goalscorer Prices & Settlement (GPS) feed.  The CSL has made waves this year with a huge push toward attracting top European talent via its, seemingly, limitless pockets. The likes of Alex Teixeira, Jackson Martinez and Ramires have made …

A better than expected Euro 2016, which generated £36 million gross-win has helped William Hill Plc steady its 2016 financial performance, following its worst ever Cheltenham Festival results. Presenting its H1 2016 results (period ending 30 June), William Hill governance stated that the company remains on track to hit its revised full-year guidance of £260-280 million. The FTSE-listed operator would …

Footing a legal bill of AUS $20 million (£11.5 million) Australian ASX-listed gambling operator Tabcorp Holdings (Tabcorp) has witnessed its full-year 2016 net profits decline 49% to AUS $169 million (FY 2015: AUS $334 million). Presenting its FY 2016 results (financial period ending 30 June), Tabcorp governance stated that 2016 business conditions had been ‘Volatile.’ The gambling operator would report …

Publishing its H1 2016 results (period ending 30 June), Ladbrokes Plc governance has stated that its ongoing corporate strategy has seen it deliver an ‘accelerated multi-channel’ growth on all core metrics. The FTSE-listed bookmaker would close H1 2016, recording group revenues of £661 million up +13% on corresponding H1 2015’s £585 million. The revenue uplift would see the operator post …

Updating the market, ASX-listed Australian gambling operator Tatts Group Limited (Tatts) has announced that it has entered ‘exclusive talks’ to acquire Intralot’s Australian and New Zealand business division. Tatts have confirmed to Australian business news sources that stakeholder negotiations have ‘advanced to a confirmatory due diligence stage’. However, the company would further state that no final proposal had been made. …

Australian ASX-listed gambling operator Tabcorp Holdings has moved to strengthen its governance advisory by appointing Bruce Akhurst and Vickki McFadden as Non-Executive Directors. Tabcorp adds to its advisory board Bruce Akhurst, a veteran Australian technology and management expert who currently serves as Executive Chairman of advertising services firm AdStream. Vickki McFadden will further assist Tabcorp governance on strategic investments, banking and …