Retail

Following a month long review of Ladbrokes rescue plan for its embattled Irish retail betting division, Ireland’s High Court has granted approval to the operators rescue plan, ending the examinership proceedings entered by Ladbrokes Ireland in April 2015. Ladbrokes will be allowed to close 52 of its 196 Irish retail stores, the operator is set to keep 700 staff members …

Tallinn listed Olympic Entertainment Group AS (OEG) has announced a strong H1 2015 performance as group revenues increased 12% to €80.7 million (H1 2014 €73.7 million). The operator, which has a strong presence in Eastern European markets, recorded performance increases throughout all its core metrics with EBITDA earnings of €18.4 million (H1 2014 €16.7 million). OEG would record net operating profits …

OpenBet provider to the sports betting and gaming industry  has boosted its senior management team with the appointments of Tod Martin as COO and Dominic Le Garsmeur as Casino Vice President.  The executives, who both have extensive industry knowledge, have been brought in to help facilitate OpenBet’s ambitious global growth plans. OpenBet CEO Jeremy Thompson-Hill said: “Both Tod and Dominic are highly experienced – I am proud …

Gambling technology firm Inspired Gaming (Inspired), has announced the extension of its Virtuals partnership with Niké, the leading licensed gaming operator in Slovakia. Niké launched Inspired’s Virtuals in 2012 online and across 200 retail outlets. It currently offers a number of Inspired’s Virtual Sports inventory, including: Rush Football, Rush Cycling, Rush Tennis, Rush Motor Racing, Rush Horses and Rush Greyhounds. Niké has also launched Inspired’s …

Under Age Sales, the social enterprise that specialises in helping retailers prevent underage sales, has teamed up with The Federation of Racecourse Bookmakers (FRB) to provide robust new training to tackle underage gambling at racecourses across the UK. Training for the BTEC Level 2 Award for Preventing Underage Gambling is currently being rolled out to more than 400 on-course bookmakers …

The agreed £2.3 billion merger of Ladbrokes and Gala Coral which awaits final approval from the UK Competition and Markets Authority, will likely see hundreds of retail outlets controlled by the operators placed up for sale. The new business entity which will form the UK’s biggest retail bookmaker with a combined 4000 outlets, will likely be forced to sell parts …

Ladbrokes and Grupo CIRSA Spanish gambling joint venture Sportium, has confirmed that it will extend its official betting partnership with the Liga Nacional de Fútbol Profesional (LFP), the governing body of the top two divisions of professional football in Spain (La Liga and the Segunda Division). In October 2014 Sportium had been approved to become the official betting partner of …

High street betting shops in Glasgow City Centre are today launching a new self-exclusion scheme for anyone who has developed a problem with their gambling. For the first time anywhere in Scotland, a customer will be able to ‘exclude’ themselves from any of the 36 participating betting shops, regardless of which company runs the shop. This three month pilot scheme …

BetConstruct has announced that the Board of Directors of the Association of Gaming Equipment Manufacturers (AGEM) has unanimously accepted it as a member of this global non-profit international trade association representing manufacturers and suppliers of electronic gaming devices, systems, online technology, key components, table games, support products and services for the gaming industry. “BetConstruct is honored to have been unanimously …

The boards of Ladbrokes and Coral have managed to agree on a merger deal which will create ‘a leading multi-channel and internationally diversified business with a compelling strategy to accelerate online growth, deliver substantial synergies and drive value’. Ladbrokes Coral plc will have net revenue of £2.1 billion and £392 million of EBITDA (excluding cost synergies of at least £65 …