Retail

Embattled Spanish gambling operator Grupo Codere SA (Codere) has issued a new share capital increase valued at circa €494 million (£400 million). Executing its share issue with Spain’s National Securities Market, Codere will approximately release 2.47 billion shares at a value of € 0.20c (per share). Codere’s share distribution will be primarily used to offset its current + €1 billion …

Updating the market, Athens listed lottery and gambling technology provider Intralot SA has confirmed that it has acquired a strategic stake in Eurobet Bulgaria. Intralot governance processed a 49% equity stake in Eurobet via its Bulgarian subsidiary BILOT. INTRALOT. Declaring its investment in Eurobet, Intralot governance stated that its venture investment would help ‘strengthen its market presence in Eastern Europe’. …

 There’s much talk about who’ll Anthony Joshua will fight after his next bout; will it be Fury, or perhaps David Haye? First up though he’s fighting the IBF World heavyweight champion Charles Martin, in what could prove to be a brutal contest. The fight is taking place at London’s 02 Arena on Saturday 9th April. Betfair’s Ralph Ellis though believes there …

Betfred Co-Founder Fred Done has paid out more than £1 million to 8,000 punters who backed Leicester City to win the Premier League. Of these one of the happiest has to be a punter from Warwickshire who is now £45,000 richer having staked £30 on the Foxes to win the league at odds of 1500-1. Leicester City’s 1-0 win over Southampton on Sunday left them …

Irish news sources have reported that Paddy Power is set to cut up to 300 jobs from its Dublin operations in-line with its post Betfair merger strategy. The betting operator informed its Dublin staff yesterday. It is reported that the job cuts will likely be in overlapping business areas such as marketing, technology development and trading. Paddy Power Betfair (PPB) …

The Officers of the Parliamentary All Party Betting & Gaming Group have announced the launch of their Parliamentary seminar series looking at the Future of Gambling. The first seminar will be held on Tuesday 19th April 2016 and will be on The Future of Online Gambling. The speakers will be Clive Hawkswood, CEO of Remote Gambling Association (RGA), Anthony Werkman, Director of …

Senet Group is seeking a new Chief Executive following the resignation of founder CEO Ron Finlay, who was recruited to set up governance for the organisation in 2014. Ron Finlay said: “Senet Group has been on an amazing journey in the last 18 months. We have taken the idea from a piece of paper to create an independent body that has delivered a national …

Tabcorp international racing subsidiary Sky Racing World has extended its broadcast coverage in the South American market by announcing a content partnership with Buenos Aires racetrack Hipodromo Argentino de Palermo. The Louisville (Kentucky) based firm is set to provide simulcasts from races taking place at the Hipodromo and broadcast the content to its syndicated racing content partners in the US, …

UK racing stakeholders are planning to launch a rival pool betting business to compete against the Betfred owned Tote, according to the Mail on Sunday. Plans for a new betting pool are being led by The Jockey Club and Racehorse Media Group, in conjunction with several interested parties. However the Tote currently has a statutory monopoly on horseracing pools, which …

Following its October 2015 approval by the Council of Ministers, Dutch national lottery operators Staatsloterij and De Lotto have finalised their merger. Operating under a new combined entity, Staatsloterij and De Loto will initially maintain its existing brand portfolio which includes lottery products; Toto, Lucky Day, Krasloten, EuroJackpot, Miljoenenspel. The new enterprise will be led by Staatsloterij Chief Executive Frans …