Retail

Gambling technology provider Scientific Games is on the lookout for a new CFO, following the announcement that Scott D Schweinfurth will retire  as Executive Vice President, Company Secretary and Chief Financial Officer. Updating company stakeholders, Scientific Games governance informed that it had appointed executive search firm Egen Zehnder to lead the appointment for Schweinfurth successor. The Company plans to consider both …

Issuing an interim management statement for the period 1 July to 15 November, Paddy Power stated that trading was in-line with corporate expectations. Following a strong H1 2015 opening, the operator noted that sports results during the period were unfavourable, an impact seen throughout the betting industry. Paddy Power maintained a 9% group net revenue increase, supported by a 23 …

Updating the market, embattled Spanish gambling operator Grupo Codere has reduced its corporate losses to €74 million for its nine month 2015 performance. The gambling operator shortens its losses from the €135 million reported for its Q1-Q3 2014 performance. Group Q3 2015 losses were reported at €25 million. The operator reported a 21% revenue increase to €1.2 billion up 21% …

Australia’s biggest gambling operators Tatts Group and Tabcorp have failed to agree terms on a merger which would create a + $9 billion enterprise. This weekend national news sources reported that a conformation of the merger talks between the two parties was imminent, but almost immediately the deal was dead in the water. The planned merger would have seen the …

William Hill has announced that it has taken its biggest ever TV single wager on English songwriter/actor Tony Hadley winning this year’s ‘I’m A Celebrity; Get Me Out of Here!’ reality  contest. The bookmaker detailed that it had recorded a £25,000 bet on Hadley emerging as ITV’s ‘King of the Jungle’. If the punter wins his bet, William Hill will …

The Responsible Gambling Trust (RGT) and think-tank Demos have signed an agreement to conduct a study of the link between online communities and gambling. The study will look at the scale and nature of conversations on social media regarding gambling and assess whether it is possible to identify the prevalence of conversations which reflect problematic gambling behaviour. RGT has commissioned …

Investor concerns continue to mount for troubled New York listed Chinese lottery operator 500.com, following the announcement of a further quarter with no revenues and earnings for Q3 2015. The Shenzhen based lottery operator posted its second earnings results, since the temporary sales suspension of provincial lottery services by China’s Ministry of Finance, which was imposed in February. Due to …

Racecourse Media Group (RMG) has announced that it has signed a distribution agreement with Meydan Group LLcC for full broadcast of Dubai Racing fixtures. The broadcast package includes 20 fixtures per year, and will be headlined by the $30 million Dubai World Cup card in March. RMG coverage of Dubai Racing fixtures will begin in November, with exclusive coverage from …

IGT Plc governance stated that it was pleased with corporate performance, as it reported $414 million (£270 million) adjusted EBITDA earnings for its Q3 2015 results (period ending 30 September). The earnings results represent a 21% increase on Q3 2014’s $342 million EBITDA. IGT’s performance was driven by a 30% increase in revenues to $1,25 billion for the period (Q3 …

ESSA and Perform Group have agreed to exchange information relating to suspicious betting activity. The partnership represents an important move for both organisations, widening the scope of anti-match-fixing activities to include betting operators and the sports data companies that supply them, and recognising a mutual benefit in maintaining the integrity of sporting events. “We face a continuing challenge to our …