Premier League clubs have been asked to make a payment of £44m to EFL clubs as part of a wider support package, according to Sky News. The ‘New Deal’ should see the collective up-front payment be made within a six-year settlement period to support teams in the lower leagues of English football, which could be worth up to £875m by …
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Playtech Plc has confirmed news reports that it has entered discussions to acquire SKSMalta, the operating firm of Italian bookmaker PlanetWin365. This afternoon, Sky News reported Playtech and FTSE counterpart Flutter Entertainment as suitors to acquire PlanetWin365 outright. Italy is recognised as a key growth marketplace for both companies that have established their presence in the country via M&A. In …
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The MPs with the closest links to the betting and gaming industry, both professional and otherwise, are available to view via a new portal on the Sky News website. Added onto the site over the weekend, the ‘Westminster Accounts’, produced by Sky News and Tortoise Media, allows users to look up any current MP to find out what financial interests …
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Pressure is mounting on Premier League bosses to back an outright ban on betting shirt sponsorships. This weekend, Sky News reported on a new ‘fan-led campaign’ that aims to secure over one million signatures against gambling sponsorships being present in English football. Branded ‘Football Supporters Against Gambling Adverts’, the move is led by recovering gambling addicts and the families bereaved …
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The 20 clubs of the English Premier League are holding a vote on whether or not to phase out gambling sponsorship deals, according to the BBC. Reports from the national broadcaster this afternoon stated that the top-flight had requested its teams to hold the vote ahead of the 2005 Gambling Act review White Paper – expected for publication later this …
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The board of Playtech Plc has this morning responded to media speculation of a ‘contingency plan’ to break-up its business units, should the sale of the company be thwarted by a ‘collective of Asian shareholders’. As reported by Sky News, boardroom concerns loom at Playtech that the recommended £2.7 billion takeover offer made by Aristocrat Leisure will be voted down …
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Tipico, Germany’s biggest betting firm, is reported to be ‘among the frontrunners’ vying to acquire William Hill’s UK and European offcuts, put up for sale by Caesars Entertainment. As reported by Sky News this afternoon, ‘City sources’ have disclosed that Tipico tabled a ‘credible offer to Caesars’ – who have priced William Hill’s surplus units at a combined value of …
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A reformed UK Tote Group has raised a reported £20 million from existing shareholders to diversify its products and technologies beyond the firm’s legacy dependence on racing fixtures. Sky News ‘City Edition’ reported that Tote shareholders had agreed to back the firm’s new product roadmap, as the Tote eyes ‘an expansion into football betting to strengthen the company’s balance sheet’. …
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Rank Group Plc has quelled press speculation that it will undertake a new share placement to raise working capital to help its venues and properties mitigate autumn lockdown proceedings and further COVID-19 impacts. The LSE gambling group issued its response to a Sky News report, which detailed that Rank would pursue a £70 million emergency funding round, undertaken through a …
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GVC Holdings has confirmed the appointment of Barry Gibson as the operator group’s Non-Executive Chairman, with the appointment taking effect from today. Over the weekend, Sky News, The Times and The Daily Telegraph reported that Gibson would assume the new position, due to succeed Lee Feldman who will step down on 27 February 2020. Stephen Morana, GVC’s Senior Independent Non-Executive …
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