Retail

All the news from the retail betting sector

Rank softens year earnings as UK venues catch a cold 

Rank Group Plc has downgraded its 2021/2022 full-year EBIT profit guidance from £55m-to-£65m to the lower range of £47-to-£55m – having considered  Q3 trends that detail a ‘softness in venue trading’ and ‘continued inflationary costs’.     The LSE gambling group has notified investors that it continues to monitor post-pandemic elements that are impacting the full recovery and day-to-day trading of its …

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Hong Kong racing reveals ‘record’ prize money of £158 million

The Hong Kong Jockey Club has revealed that it is going to offer a ‘record total’ prize money and incentives of HK$1.62 billion (approximately £158.6 million) across the 2022/23 racing season. The overall purse will be bolstered by a record single-season increase of 11.5% (HK$167.2 million) and feature a range of innovations, including increases in prize money across middle-distance races …

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Campaigners call for Scottish greyhound racing ban

The Scottish SPCA, one of Scotland’s leading animal welfare organisations, has called on MSPs to initiate a ban on greyhound racing in the country. In a letter to Scottish legislators, the body’s Chief Superintendent, Mike Flynn, described greyhound racing as an ‘outdated industry’ and pointed to cases of death and injury to greyhounds, as well as alleged use of steroids, …

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Approval of Debit Card use divides Buenos Aires on Safer Gambling duties

The government of the Province of Buenos Aires has authorized the use of electronic payments, leading to casinos now being able to accept debit card use. As a response, different groups argued that this approval could lead to problem gambling issues. Through a new measure from the Provincial Institute of Lotteries and Casinos (IPLyC), the regulator of Argentina’s biggest jurisdiction …

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OPAP offloads Betano stake to Allwyn investment vehicle

OPAP SA has notified investors that it has divested its ‘minority interest’ in Betano, the Pan-European sportsbook subsidiary of Kaizen Gaming.  Issuing a market filing, the Athens-listed gambling group disclosed that it had sold its 36.75% stake in Betano to Rubidium Holding – a fully owned ‘indirect’ investment vehicle of Allwyn Entertainment. Deal terms will see OPAP receive an upfront …

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Northern & Shell joins Camelot challenge of National Lottery tender 

Northern & Shell Plc, the publishing group of Richard Desmond, will appeal the UK Gambling Commission’s (UKGC) decision to award the 4th National Lottery operating contract to Allwyn Group.  According to a Financial Times report, Northern & Shell will join ousted incumbent Camelot UK in launching a High Court appeal against the UKGC’s decision to appoint Allwyn as National Lottery …

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Racehorse Lotto to pursue Irish expansion with £2m raise

James and Hugh O’Donnell have stated their intention to raise £2 million to support their ‘Racehorse Lotto’ venture’s expansion in Ireland, according to The Telegraph.  The brothers – James is the former horse racing breeder for the Queen and Hugh is CEO of Furlong Games and worked as an investment banker – want to grow the lottery, which functions as …

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Richard McGuire to serve as Chairman of new look Sportech 

Sportech Plc has announced that Giles Vardey has decided to end his tenure as Non-Executive Chairman of the London AIM-listed wagering and racing systems supplier.  Last week, Vardey notified Sportech’s board of directors that he would not seek re-election as chairman of the company, a position that he had served since July 2019. Former Sportech Chief Executive Richard McGuire (2019-to-2021) …

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GBGB assigns Racing and Sports PTY to upgrade UK greyhounds data intelligence

Racing and Sports PTY (RAS) has announced its first major UK partnership, becoming the new data intelligence partner of the Greyhound Board of Great Britain (GBGB). Securing a long-term partnership, RAS will overhaul the GBGB’s database capabilities to help the governing body monitor and record all greyhound racing fixtures in the UK. Further to optimising GBGB’s database, RAS will aim …

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OKTO deepens gaming links with ECA partnership

OKTO has secured another partnership in the betting and gaming space, entering into a strategic agreement with the European Casino Association (ECA). The payments provider has outlined a commitment to ‘drive payment innovation and digitalisation’ via the deal with the ECA, which represents 900 casinos across 28 European countries.  Under the terms of the agreement with the ECA, OKTO will …

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