Company Reports

The joint venture company GBI Racing that provides betting shop operators around the globe with high-quality UK and Irish racing, is to now look for new opportunities following the horse racing betting ban which the Israeli government recently imposed. A compensation amounting to £4.9 million is to be paid by the Israeli government to the company, which has been responsible for the coverage distribution of British and Irish racing to foreign betting operators. The contract between the Israel Sports Betting Board and GBI Racing, which operates as a joint venture…

Isobel has been appointed by Gala Leisure to its £5-million advertising account right before the relaunch of the brand, which is expected soon. The creative agency Isobel has won Gala Bingo, which Coral owned before joining forces with Ladbrokes in 2016. Isobel won the business of the bingo club operator after facing the strong competition of Fold7, BMB and George & Dragon in a bidding process which was handled by AAR. Back in 2015, the private equity firm Caledonia Investments purchased the Gala Leisure brand from Ladbrokes Coral in a…

Parvus Asset Management, the largest shareholder in William Hill, reduced on Wednesday its stake in the British bookmaker to 12% from 13%. The move and what it might mean for the gambling company gained quite some attention from City investors at a time when two of its fellow operators are prepping for a £4-billion merger. In June, Parvus’ holding in William Hill was at its peak of 17.2%. Since then, the hedge fund sponsor has cut its stake six times, including yesterday’s trimming. Analysts attribute this to the recent jump…

Two of the largest gambling companies on the Australian market, Tabcorp Holdings and Tatts Group, announced today they are to merge officially after a cumbersome merging process that was ridden with difficulties. The merger’s official announcement marks a new chapter in the two gambling operators’ history as their long-awaited partnership is to result in the creation of a massive gambling conglomerate that is roughly estimated to A$11 billion. The newly-merged gambling giant Tabcorp-Tatts plans to become a force to be reckoned with in the industry and is to pursue further…

Radio and television stations across Australia have made attempts to secure a number of exemptions to the ban the country’s government has imposed on gambling advertising during live sports events. The exceptions the broadcasting bodies insist on were listed in their latest draft with codes of practices. Some of the broadcasting bodies that proposed the exemption include the Commercial Radio Australia, Free TV Australia, and the Australian Subscription Television and Radio Association or ASTRA. One of the said exemptions seeks to enable Australian television stations to broadcast a gambling advertisement…

Leading gambling operator Paddy Power announced it is to team up with Chime Sports Marketing, one of the fastest expanding sports and entertainment marketing companies in the world. The announcement follows the news of Paddy Power’s split with Lucky Generals after a four-year partnership. Its new one-off advertising project is being handled by the creative agency WCRS. The split with former advertisers Lucky Generals has resulted from the agency’s refusal to repitch for the operator’s account. From this moment on, the advertising duties are officially a responsibility of the UK-based…

In its decision issued yesterday morning, the EU General Court partly backed the UK online gambling operator bet365 by annulling the part of a ruling according to which the “Bet 365” trademark was descriptive and had not been sufficient to get distinctive character in class 41, which regards to betting services. This gave the UK gambling and betting operator partial victory in the trademark war that has been going on for a decade now, with the Court partially dismissing a previous ruling against the company. The remainer of bet365’s appeal,…

The Advertising Standards Authority (ASA) scolded one of the brands of the gaming operator ProgressPlay for an offensive promotional tweet posted on September 8th, 2017. The tweet displayed a picture of several women dressed in swimwear and text, saying “You can put lipstick on a pig, but it’s still a pig. #LooseWomen18”. The person who filed the complaint challenged the advert, calling it offensive due to the fact it showed disrespect to women. The operator Progress Play made an apology for possible offence that may have been caused by the…

Less than 24 hours after the shareholders of the Australian gambling operator Tatts Group gave the green light to its long-expected merger with Tabcorp Holdings, the Supreme Court of Victoria officially approved the takeover’s Scheme of Arrangement. Today, Tabcorp Holdings revealed that the merger’s Scheme was given the nod from the Supreme Court, with the Court orders being lodged with the Australian Securities and Investments Commission (ASIC). As announced by the gambling and betting company, the Scheme which is now effective, is to be implemented on December 22nd, 2017. Shareholders…

After a couple of days ago MGM Resorts International called Connecticut Legislators to support its Bridgeport Casino Project, the global casino and gambling operator has renewed its call to state authorities to initiate a competitive bidding process for a gaming venue in Bridgeport. The Indian tribes in the south-eastern part of Connecticut have already indicated they would be interested in joining such a bidding process. As a matter of fact, the tribes requested yesterday to be part of the discussion, which according to the Senior Vice President and Legal Counsel…