Retail

Frissora leadership departure sees ‘Caesars in play’

The confirmed departure of Mark Frissora as President & Chief Executive of Caesars Entertainment has triggered fresh rumours regarding the future of the legacy US casino operator. This morning, the New York Post reported that the governance of MGM Resorts had hired Morgan Stanley and law firm Weil, Gotshal & Manges to act as corporate advisors, examining a potential $20 billion …

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The Sampedro Family launches US appeal against governance dismissal

Spanish business news sources report that the Sampedro Family, the enterprise founders of Grupo Codere have filed a US lawsuit against the firm’s private equity debt-holders, claiming unfair dismissal and non-representation from the firm’s corporate governance structures. The filing is led by former Codere President Jose Antonio Martinez Sampedro and brother Luis Javier (former Vice President), seeking to annul Codere …

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Haute Japan! Groupe Barrière eyes IR opportunities

French luxury hotel and hospitality giant Groupe Lucien Barrière has confirmed that it has developed a ‘Japanese strategic unit’ monitoring the nation’s ‘integrated resorts’ opportunities. The firm’s Japanese movements are confirmed by Barrière Group Casino Development Director Jonathan Strock speaking to the Nikkei Asian Review. Strock has been charged with leading the strategic unit, which seeks to bring European haute …

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Sky orders strict protocol to significantly reduce gambling advertising

The leadership of Sky UK has confirmed that it will introduce new rules that will significantly reduce its output of betting/gambling related adverts across its digital TV network. Addressing head-on public and political concerns related to the over-saturation of gambling-related content on UK TV, Sky leadership details that in 2019 it will enforce drastic reduction measures across its programming. Sky …

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SGC completes Don Best acquisition bolstering SG Digital’s US sportsbook operations

Nasdaq-listed gambling technology and systems provider Scientific Games Corporation (SGC) has confirmed that it has completed its acquisition of US-centric sports betting data provider Don Best. A transaction first announced on 9 October, SGC moves to significantly strengthen its US sports betting capabilities serviced by its SG Digital division. Don Best assets and operating capabilities have been acquired to bolster SG …

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SIS strengthens LatAm portfolio with Tote Media extension

SIS and Tote Media have confirmed an extension to the deal to distribute live pictures and data from the Latin American Racing Channel’s (LARC) racecourses, to operators globally. The two-year rights extension expands SIS’s Latin American racing portfolio to over 4,500 races per year, with races from Chile, Argentina, Brazil, and Peru, and includes some of the top racecourses in …

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New Chapter – Mark Frissora confirms Caesars 2019 departure

Nasdaq-listed gambling and leisure group Caesars Entertainment Corporation has confirmed that President & Chief Executive Mark Frissora will depart the company in February 2019. Updating investors, Caesars governance details that it has begun its executive search for Frissora’s leadership replacement. Frissora took charge of an embattled Caesars Entertainment in February 2015, guiding the company through its Chapter 11 bankruptcy process …

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Sports Minister Tracey Crouch says bye to DCMS over FOBTs delay

Crouch

UK Sports Minister Tracey Crouch has resigned from the Department for Digital, Culture, Media & Sports (DCMS), in relation to the government’s delay in implementing its £2 FOBTs stake reduction. Crouch had served as Sports Minister since 2015, leading the government’s relations with the UK betting and gambling sectors. Monday’s 2018 Budget announcement saw the Treasury confirm that it would implement …

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Rank hires ‘transformation pro’ Bill Floydd as Group CFO

The governance of Rank Group Plc has this morning disclosed the pending appointment of William ‘Bill’ Floydd as new Chief Financial Officer (CFO). Joining the company on 12 November, Floydd is set to replace Clive Jennings as group Financial lead. Floydd joins Rank’s executive team from FTSE100 financial information/data provider Experian Plc, where he served as CFO for the UK …

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Sports Trading Network joins forces with All-in Diversity to transform a new generation of traders

Industry workplace diversity, inclusion and equality program ‘The All-in Diversity Project’ (All-in) has announced its latest strategic partnership with the Sports Trading Network (STN). STN is regarded as sports betting’s largest professional network of traders, offering sports modelling, data and insights for all global sports markets. Updating the market, STN and All-in have partnered to launch a new industry-wide Sports …

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