Retail

Nevada based MGM Resorts International has announced that it has completed the sale of Reno leisure/gambling asset Circus Casino and its 50% stake in the Silver Legacy Resort to Eldorado Resorts Inc. First agreed in July, the transaction sees Eldorado pay $73 million in cash for the combined assets. Eldorado are further set to commit $8 million in working capital …

Matt Howe Ladbrokes Walsall Road (Birmingham) betting shop owner has been crowned ‘Betting Shop Manager of the Year’ by the Racing Post and SIS wagering systems. Impressing a secret judging panel, Howe 29 was described as top betting shop manager for his “excellent, friendly and professional” service offered in his “spotlessly clean” shop, Howe is the fifth Ladbrokes betting shop …

Despite Dermot Desmond’s last ditch attempt to derail its £2.2 billion merger with Gala Coral, Ladbrokes shareholders are reported to have voted in favour of the deal this morning. London business news sources report that 90% of Ladbrokes Plc investors backed the merger, despite hearing Desmond’s arguments against its progression. Furthermore Ladbrokes governance rejected Desmond’s appeal for a second merger …

Betfair has been announced as the new sponsor of the Tingle Creek Chase at Sandown in a two-year deal. The company is the first to use its status as an ‘authorised betting partner’ to reach an agreement to expand its sponsorship portfolio with Jockey Club Racecourses, owner of Sandown. Following the announcement of the initiative last month, JCR announced they …

TOTE IRELAND, a wholly-owned subsidiary of Horse Racing Ireland and the operator of pool betting on Irish horseracing has announced that it has partnered Colossus Bets to over mega-sized jackpots across its web and mobile platforms. The agreement includes a potential future rollout of Colossus Bets’ patented partial cash-out technology across the entire Tote Ireland platform. Tim Higgins, CEO of Tote Ireland …

Sportech Racing has furthered its presence in the US market, by announcing that it will become wagering technology and services supplier for Remington Park (Oklahoma) and Lone Star Park Racetrack (Texas). The racetrack agreements have been formed under a new partnership with racing operator Chickasaw Nation Global Gaming. Sportech is set to provide its comprehensive suite of pari-mutuel betting services …

SIS supplier of retail betting provisions, has pledged its support to the Jockeys Employment and Training Scheme. The supplier has continued its support for the horseracing industry by becoming Friends of JETS, a charity which helps jockeys plan and achieve second careers. As part of the scheme, employees from SIS will share their wealth of knowledge as well as assist with career …

Having launched a scathing attack on Ladbrokes £2.2 billion planned merger with Gala Coral, which saw the publication of saynotocoral.com, Irish financier Dermot Desmond is set to further argue his concerns regarding the merger at a Ladbrokes investor meeting to be held this Tuesday in London. Desmond, who holds a 2.8% company stake, and his public attack against the merger highlighted …

Inspired Gaming Group has announced that it has entered a Virtual Sports supplier partnership with Swedish racetrack operator ATG. ATG Sweden’s state owned horse racing operator since 1974 will be supplied with multi-content Virtual Sports provisions by Inspired on both digital and mobile verticals. The partnership will see the launch of Inspired’s Rush Horses and Rush Trotting products, which have …

The Responsible Gambling Trust (RGT) has agreed to provide £580,000 of grant funding to deliver five advice and education projects that aim to reduce demonstrably the impact of gambling-related harm, particularly on vulnerable populations such as young people and the homeless. The programme will provide funding over a period of two years and will form an important element of RGT’s …