Retail

Issuing a market update, Tallinn (Estonia) listed gambling operator Olympic Entertainment Group (OEG) has confirmed that it will merge Eastern European assets following the publication of its end of year results. Undertaking a corporate review of operational assets in its eight active markets (Estonia, Slovakia, Poland, Belarus, Latvia, Lithuania, Italy and Malta) OEG governance announced that it would merge business …

UK race course operator Arena Racing Company (ARC) has confirmed the appointment of the Press Association as its official data delivery partner. The Press Association will be charged with maintaining and delivering ARC horseracing data to retail and online bookmakers via its multi-content distribution platform. The partnership will aim to come into effect by June 2016 when Press Association will …

Issuing a trading updating, FTSE listed betting operator William Hill has revealed that it will have to revise its year guidance following a poor start to 2016. Coming off a rough week of results at Cheltenham 2016, which saw racing punters cash-in on multiple favourites combined with further unfavourable European football results, William Hill governance stated that its online division …

Facing mounting criticism and in-party fighting regarding the 2016 Budget George Osborne presented to the House of Commons last Wednesday, bookmaker William Hill has shortened the odds (from 6/1 to 7/4) on the Chancellor of the Exchequer stepping down by the end of the year. The controversial Budget plan which saw the Tory government propose cuts on UK disability benefits …

Inspired has successfully integrated its Virgo™ Remote Gaming Server (RGS) into OpenBet’s gaming platform. This integration allows for the supply of Inspired’s omni-channel content to OpenBet’s online and mobile customers, including Paddy Power and Ladbrokes, via Inspired’s Virgo™ RGS. OpenBet takes over a billion sports bets annually, and is renowned for its performance and scalability. Inspired has been supplying its leading …

Bookmakers have placed Russia’s Sergey Lazarev as early favourite to win Eurovision 2016 (Stockholm Globe Arena 14 May). Desperate for victory at the 61st edition of the Pan-European song contest, Russia announced Lazarev as its official Eurovision contestant last December. Since the announcement, the 32-year-old Muscovite has been touring Russia performing Eurovision entry ‘You Are the Only One’. The extensive …

As Cheltenham Festival organisers clean the stands and pull-down the hospitality tents, UK and Irish bookmakers have left this year’s racing spectacle bruised and battered. Returning to their offices, bookmakers will have to fork out an expensive festival tab of + £60 million as punters cashed in on multiple favourites. Suffering a severe post-festival come-down, nearly all bookmaker PR teams have …

Czech Republic gambling and lottery operator Synot Group has confirmed that subsidiary SynotTip will become the title sponsor of Latvian football’s top division ‘The Latvia Higher League’ (Virsliga). Synot Group secures the naming right to the league for three consecutive seasons, in which it will promote subsidiary sports betting brand SynotTip. The operator informed that media that it was pleased …

New York-listed gambling and lottery technology supplier, IGT Group closed its full-year 2015 results (period ending 31 December) reporting adjusted revenues of $5.5 billion down 4% on 2014’s (pro-forma) revenues of $5.7 billion.   Declaring its first full-year performance as IGT Group (the combined enterprise of GTECH and IGT), the company would declare adjusted EBITDA earnings of $1.8 billion, down …