Retail

Allwyn Entertainment and Cohn Robbins Holding Corp (CHRC) have moved forward with their merger plans, which would result in the former securing a listing on the New York Stock Exchange (NYSE). The US Securities and Exchange Commission (SEC) has ‘declared effective’ Allwyn’s submission of a registration statement in connection with the amalgamation, which the respective first parties first outlined plans …

New UK bookmaker BresBet has continued its initiative of supporting racing’s next generation of talents, announcing Fred Larson as its new sponsored rider.  Larson (22) is a highly touted apprentice jockey of the Mick Appleby stables near Oakham in Rutland, who has completed his best-ever season notching up 22 wins. To date, the young rider has a career record of …

Veikkaus OY, Finland’s state-owned gambling monopoly, has restricted use of slot machines across its Finnish retail points and its network of partner kiosks, service stations and cafes.  From 1 September, Veikkaus will no longer allow customers to play on its slot machine terminals between the hours of 9pm and 9am. During that period, betting point managers have been instructed to …

Rank Group Plc has hit its underlying year-end profit guidance of £40m, overcoming continued ‘softer trading conditions’ on its retail venues. The LSE gambling group’s preliminary results for the 12 months ending 30 June 2022, announced today, detailed continued footfall challenges for Grosvenor venues, in particular across London.  Group 2021/22 NGR totalled £644m, doubling corresponding 2021/20 results of £325m, yet …

Entain Plc has been summoned to pay the largest penalty in UK gambling history, totalling £17m, for regulatory failures connected to its online and retail business.  This morning the UK Gambling Commission (UKGC) notified that it had issued Entain subsidiary LC International, which operates 13 UK websites, a sanction totalling £14m. A further demand for £3m was issued to the …

The board of Rank Group Plc has announced the appointment of Hazel Boyle as new Chief People Officer (CPO) of the heritage UK gambling group. Boyle joins Rank’s executive team, having most recently served as Chief People Officer at FTSE250 publisher and media owner Future plc. An expert in talent pool development and HR planning, Boyle has led recruitment and …

Pferdewetten.de AG, German horse racing’s dedicated racebook, has secured new investor capital to bolster its business transformation programme.  The capital is required for Pferdewetten.de (Horsebets.de) to launch a new retail subsidiary to support its online platform upgrade and to further expand its Sportwetten.de (Sportsbets.de) subsidiary. Publishing an H1 interim update, Pferdewetten.de disclosed that existing shareholders had generated €5.1m in working …

Australian sports betting tech supplier BetMakers has made amendments to a partnership between its OM Apps subsidiary and the soon-to-be-launched NTD wagering venture.  This will see the annual cap payable by NTD to OM Apps increased by an incremental AUS$2m per annum during the initial 10 year term, and any additional extended term beyond this.  As a result, the maximum …

Better Change Limited has launched its ‘Gamblewise’ responsible gambling tool, which aims to enhance safer gambling environments across land-based gambling venues.   The Gibraltar-based organisation that specialises in the intervention of problem gamblers has developed an RG solution that will be made available for land-based operators to install across their venues, protecting retail consumers. Gambling venues that integrate the Gamblewise solution …

ITV has entered into an agreement with LaLiga to broadcast the Spanish top-flight live and free-to-air. Ten LaLiga matches per season will be shown exclusively on ITV, ITV4 and ITV Hub, starting from this current season up to and including 2024/25. Niall Sloane, ITV Director of Sport, commented: “This deal ensures free-to-air coverage for all football fans of one of …