Retail

A new gambling focused trade organisation has emerged from the old Business in Sport & Leisure (BISL) association. The Gambling Business Group (GBG) launched last week in London and already boasts a membership of 50 comprising many of the most influential organisations in gaming. GBG, which encompasses Pub, Bingo, AGC, FEC, Online, LBO and Casino sectors, is headed up by …

Explaining the value of the meeting John White said: “Naturally I am very keen to hit the ground running and the opportunity to meet with members of the IOA Group, many of whom are old friends, was extremely welcome. There are very close links between the IOA and BACTA and a number of IOA members have served the trade association with …

The UK gaming sector is celebrating the launch of a new strategic body which encompasses members drawn from the Pub, Bingo, AGC, FEC, On-line, LBO and Casino sectors. Launched in London last week, the Gambling Business Group (GBG), which already boasts a membership of 50 comprising many of the most influential organisations in gaming, has industry heavyweight and former BACTA …

Novomatic CEO Franz Wohlfahrt will leave his position at the end of September, the casino and betting operator has confirmed. The group supplies gaming technology and is one of the largest integrated gaming companies in the world, with more than 20,000 staff (3,000 in Austria). Wohlfahrt has been the firm’s general manager for the last 10 years, and is also …

Whilst Australia may have bowed out in the group stage of the World Cup, they far exceeded expectations with results which included a narrow 3-2 loss against eventual third place finishers the Netherlands. Back home Australian football fans did their bit by exceeding bookmakers’ expectations in terms of the collective amount they placed in bets. Throughout the month long competiton …

After weeks of speculation GTECH SpA have confirmed that it will buy Las Vegas based slots machine and gambling provisions manufacturer International Game Technology (IGT) for $4.7 billion (£2.74 billion). Business news sources speculate that GTECH have structured the purchase of IGT using cash and stock equity. The further inclusion of $1.7 billion in net debt, will see the total …

Italian gambling and lottery operator, Sisal Group has pulled out of its planned initial public offering, citing adverse market conditions in Italy and abroad. Sisal senior management issued a statement late on Friday, stating that after careful monitoring of market conditions, it had been advised by IPO partners Deutsche Bank and UBS Ltd, to abandon its plans floating on the …