Retail

Tabcorp has taken rival Entain Australia to court, due to a deal the latter signed last month with the Australian Hotels Association New South Wales (AHA NSW). The case was initiated yesterday in the New South Wales (NSW) Supreme Court as a civil dispute, and is being presided over by Justice M Ball. According to Australian media reports, Entain and …

Arena Racing Company (ARC) has finalised its acquisition of Vermantia in a takeover which solidifies the racing group’s commitment to omnichannel content distribution. Following the completion of the deal, Vermantia confirmed that George Fotopoulos, the company’s former Chief Operations Officer, will step up to the position of Chief Executive Officer. He said: “Fully joining forces with ARC is recognition of …

SIS (Sports Information Services) has renewed its partnership with heritage Spanish gambling firm Grupo Orenes as lead international racing data supplier for its Versus retail property.  The extended deal will see SIS continue to provide its racing content to Versus, encompassing UK and Irish fixtures, international racing form. Additionally, greyhound meetings from the UK, Ireland, Germany, Hungary, Latin America, the …

Allwyn Entertainment will take over the running of the National Lottery in 2023, having agreed terms to acquire Camelot UK outright.   A deal was reached with the Ontario Teachers Pension Plan (OTPP) for Camelot UK to be sold to Allwyn, who will take control of the Fourth National Lottery contract a year prior to its entitlement. Financial terms were not …

  BetMakers has secured a partnership with the Victorian Thoroughbred Racing IMB (VTRIMB), centred around distribution of Racing.com’s horse racing content. The deal enables BetMakers to integrate Victorian live horse racing video content into its digital platform, which will be distributed to operators across Australia via its streaming services. By incorporating said content via its deal with VTRIMB, the media …

Allwyn Entertainment has secured access to €1.6bn funds, having reached a senior facilities agreement with a syndicated group of international banks.  The transaction was undertaken by Allwyn International (formerly SAZKA Group AS) with lenders agreeing to provide an aggregate €1.6bn facility to the lottery conglomerate. Terms of the agreement will see the €1.6bn credit facility split into separate debt tranches, …

Groupe FDJ continues its M&A expansion, announcing that it has entered an agreement to acquire French racebook operator ZEturf Group. This morning FDJ notified investors that it had concluded negotiations with ZEturf leadership, settling on “a transaction valued at €175m”. Founded in 2001 by the Rohan Chabot family, ZEturf operates the ZEbet online racebook, which in 2004 was granted rights …

Nueva Codere lauds its business transformation as its European and Latin American units continue to bounce back from the pandemic, as the group recorded “a strong recovery” in its Q3 results. The bounceback, Nueva Codere explained, was largely driven by the increase in footfall across its land-based gambling venues, which had previously remained closed due to the pandemic. The company, …

Irish gambling stands at a new dawn, as the cabinet of the tri-party coalition government will today sign-off on the publication of the Gambling Regulation Bill.  Ireland’s new regulatory regime for gambling has been drafted by Minister of State, James Browne of the Department of Justice. The bill seeks to safeguard the Irish public with a modern legislative framework for land-based …