Retail

OpenBet has revealed that it processed just over half a billion transactions across its sportsbook platform during last week’s Cheltenham Festival. The platform, content and service provider to the sports betting industry explained that the annual four-day national hunt racing meeting produced an ‘exponential’ amount of activity. Highlights amongst OpenBet’s customers included more than 65 million bets being processed and …

Speculation surrounding the future of the Philippine Amusement and Gaming Corp (PAGCOR) has intensified as the government evaluates plans to privatise the state-owned gambling operator and regulatory body. News sources in Manila report that the government of President Ferdinand “Bongbong” Marcos seeks to ‘reorganise PAGCOR’ by divesting its casino properties “whilst maintaining its regulatory and licensing functions”.  Dealmakers supporting the …

Flutter Entertainment has reported strong trading across its full UK and Ireland brand portfolio from last week’s Cheltenham Festival, particularly bolstered by the unique timing of this year’s racing calendar. The FTSE100 betting and gaming group recorded total stakes of over £250m and 37 million online bets over the four days of the festival across its Paddy Power, Sky Bet …

MyRacehorse has announced the hiring of two-time Classic-winning Jockey Ted Durcan as the group’s new Bloodstock Consultant in the UK and Ireland The micro-share horse racing syndicate will work with Durcan to select horses both at public and private auctions as the company looks to expand its portfolio of horses available for customers to purchase. Kate Hardy, Director of Operations …

The upcoming Gambling White Paper requires balance, not just between protecting the vulnerable and maintaining betting’s sustainability, but also ensuring it continues to support various affected sectors. Caroline Nokes, the MP for Hampshire’s Romsey and Southampton North constituency, put this argument across in a recent article on ConservativeHome, emphasising in particular the betting industry’s contribution to rural communities. This support, …

StanleyBet Group has celebrated 65-years since establishing its business by restyling its heritage brand, to be used across all active divisions and markets.  The firm, which started as a sole bookmaker in 1958, has undertaken a modification of its brand with the inclusion of new colours to honour historical events. StanleyBet’s operational history has seen the firm manage Europe’s largest …

The National Lotteries Control Board (NLCB) – the operating entity of Trinidad and Tobago’s national lottery – has alerted domestic and international stakeholders of its “interest in launching a bidding process for a new online system”. The notice was published by the World Lottery Association (WLA) to members last week, in which the NLCB informed that it required consulting services …

Betfred, the UK’s biggest retail bookmaker, has expanded its technology agreement with Playtech to meet its growing customer demand for new products and services across its betting estates.  In a joint statement, Betfred and Playtech have agreed on the extension of their exclusive partnership, which has spanned over 12 years. As part of the extended partnership, Betfred will install more …

Lottomatica SPA reports on a transformative 2022, as the Apollo Global-owned Italian gambling group eyes a first-half listing on the Milan Borsa.  An enlarged Lottomatica sees its full-year 2022 revenues stand at €1.39bn, up 72% on FY2021 comparative results of €808m. 2022 saw Lottomatica, the former Italian B2C subsidiary of IGT Plc complete its merger with Gamenet Group to become …

Gauselmann Group has confirmed the board appointment of Stefan Bruns, who will oversee the development of its sportsbook and online gambling offering. Effective from 1 April, Bruns (52) will be charged with “strengthening the stationary and online-based sports betting offering, the strategic expansion of virtual slot machine portfolio, combined with the internationalisation of these business areas”. The heritage gambling group …