Grupo CIRSA has grabbed Spanish business headlines, as rumors mount that the Blackstone-owned firm will announce its public listing imminently. The Spanish heritage gambling group is yet to deny reports that it has engaged Morgan Stanley, Deutsche Bank, and Barclays to ‘prepare its route to an IPO’. As reported by Economía Digital, the investment banks have been tasked with engineering …
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The board of Grupo CIRSA has announced that it has agreed to terms on a new €615 million debt-bond placement, helping the Spanish gambling group improve its financial liquidity by refinancing its previous debt arrangements. The bond placement will carry an annual interest rate of 4.5%, with its maturity clause triggered from 2027 onwards, and has been underwritten by the …
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William Hill Plc has achieved its bookbuild funding target, raising £224 million in working capital for its future growth strategy, maintaining its digital growth momentum, and accelerating its US wagering partnerships. Closing trading on Tuesday 17 June, William Hill announced that it had sanctioned a new share placement for 19.99% of the firm’s existing share capital. In less than 24-hours, William …
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As 2019 comes to a close, SBC looks back on the year to highlight major news that you might have missed in the sports betting world. This inaugural edition looks at January and more specifically at Insider Sport’s take on football’s 3pm blackout, GambleAware’s backing of self-exclusion, David Clifton’s sports betting predictions for the year and the UK high-street bank …
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Halifax has become the latest bank operating in the UK to allow its customers to block transactions made on gambling websites, joining the likes of Barclays, Lloyds, Santander, and RBS. The new blocking feature has been designed ‘in recognition of the ways in which the bank can support customers to manage their money and gamble responsibly’. Elyn Corfield, Managing Director …
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Gambling industry charity GambleAware has outlined plans to research the role that the UK financial industry can play in the support of those who experience or are at risk of gambling-related harm as part of a three-year partnership with the University of Bristol’s Personal Finance Research Centre (PFRC). The new alliance will focus upon the mitigation of financial losses incurred by problem gambling …
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Paysafe Group has confirmed the inbound appointment of Philip McHugh as new Chief Executive, replacing long-term leadership incumbent Joel Leonoff. McHugh will take charge of Paysafe’s executive team on 24 June, as Leonoff takes the governance position of Vice Chairman of Paysafe’s Board of Directors. A twenty-year executive, specialising in digital payments, retail banking and corporate finance, McHugh joins Paysafe …
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Jeremy Wright, the UK Secretary of State for the Department of Digital, Culture, Media and Sport (DCMS), is set to review gambling’s relationship with debt/credit transactions. In a move to develop a more socially responsible sector, Wright and DCMS will summon gambling and retail banking leadership, discussing government and social concerns on debt/credit funded wagers. UK news sources report that government …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. New Zealand: NZRB – the trouble with monopolies? New Zealand Racing Board’s results to July 2018 demonstrate continued progress online, with 20% growth in customers to 230,000 (nearly 5% of NZ’s population), …
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Barclays has confirmed that it will become the first UK high-street bank to integrate a ‘gambling-block’ component across its customer-facing digital platforms. Updating the media, Barclays informs that the gambling-block feature will allow customers to turn-off engagements/transactions with all gambling-related properties – retail bookmakers, casinos, racetracks, lottery and digital betting enterprises. The gambling-block feature has been co-developed with citizen financial …
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