Retail

Ascot in talks over three-year extension to ITV partnership

The current agreement between ITV and Ascot Racecourse has been brought into the spotlight after it has been reported that the broadcaster has asked Ascot to come to a decision over whether it will agree to a three-year partnership extension.  Reported by the Racing Post, the partnership between the two has been highlighted by bookmakers, punters and sponsors, who have …

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Argentine woes see Codere issue profit warning

Closing Monday 26 August trading, Bolsa Madrid gambling group Codere SA has issued a profit warning after admitting that a further Argentine Peso devaluation has impacted the firm’s 2019 expectations. Codere cannot escape Argentina’s economic volatility caused by the nation’s shock primary election results as voters turned against President Mauricio Macri’s government, backing the ‘Frente de Todos’ Peronist coalition. The …

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Visionary Paul Gauselmann celebrates 60-years in gaming

On Monday 26 August, Paul Gauselmann – founder of German gaming machines conglomerate Gauselmann Group (Merkur Gaming) – celebrated his 85th birthday and six decades working in the gambling sector. The industry figurehead, referred to in Germany as ‘the Pope of the amusement business’, is recognised as one of the top German post-war industrialists, having grown Gauselmann into the lead supplier of …

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HRI launches new campaign to boost racing engagement

As part of a new bid to boost interest in the sport, Horse Racing Ireland (HRI) has spearheaded a new television marketing campaign which is set to be broadcast across a number of Ireland’s major television channels.  The new campaign is due to be led by HRI commercial and marketing director Paul Dermody, and will feature a number of key …

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Paddy Power shortens odds on BoJo scrapping backstop

As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …

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On-course bookmakers ‘concerned’ about age-verification failures

Following the announcement that seven UK on-course bookmakers would be having their licences reviewed by the UK Gambling Commission (UKGC), representatives from the racing sector have called for further information on age verification measures to address under-age gambling.  The seven bookmakers had reportedly allowed a 16-year old to place a bet at this year’s Royal Ascot, which took place in …

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Codere secures Hard Rock Mexican market joint-venture

Spanish business news sources report that Bolsa Madrid gambling group Codere SA has signed a joint-venture agreement with Hard Rock International, which will see both companies develop new gaming properties within Mexico. The joint-venture will begin with Codere and Hard Rock establishing a new ‘tourist complex’ valued at $1 billion, which will see the US leisure and entertainment group develop …

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Rank Group’s transformation programme helps boost H2 profits

Following what it described as a ‘tough first half’ to the year, Rank Group has reported that its operating profits have climbed by 20% as detailed in the group’s H2 2018/19 results (6-month period ending 30 June 2019).  While the operator explained that its full-year profits had taken a 22% hit since last year, dropping from £50.1m to £39m, Rank …

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Italian Police charges SKS365 with €124 million Glassia payback

SKS365 Group, the operating company of Italian bookmaker PlanetWin365, has been charged by the Italian Financial Police of corporate tax evasion totalling €124 million. The tax evasion charge forms part of Italian Police’s wider ‘Glassia’ anti-Mafia investigation, undertaken during the course of 2018, which saw 60 people arrested and €1 billion seized in illegal funds. Conducting a probe of gambling …

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SSBTs to propel Playtech’s retail football turnover

Self-service betting terminals (SSBTs) provided by Playtech BGT Sports (PBS) are expected to help PBS ‘break records’ in terms of retail football turnover due to a growth in the terminals’ popularity.  The growth, according to PBS, has largely been attributed to ‘an increasing range of markets, convenience and ease-of-use’ but has been supported by the opening weekend of the English …

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