Racing News

Advertising Standards Authority

Rank and Coral found in breach of gambling advertising rules

The UK Advertising Standards Authority has upheld complaints against two gambling ads by bookmaker Coral and casino operator Rank.

The complaint against Rank related to an in-app ad for the online casino game Wolf Gold, which irresponsibly suggested that gambling can be a way to solve financial concerns and achieve financial [...]

1 min read

BlueBet readies US launch following strong growth in Australia in FY21/22

Sydney-listed betting operator BlueBet Holdings grew full year net win by 53.6 per cent to AUD$54.6m, bouyed by another strong performance in the fiscal fourth quarter ended June 30.

Net win in the final quarter of BlueBet’s financial year climbed 27.3 per cent year-on-year to $12.8m, as turnover increased by 31.3 [...]

1 min read

Gambling Regulatory Authority takes over as new Singapore regulator

Singapore’s new gambling regulator takes charge of the market today, replacing the country’s three former regulatory authorities with one national Gambling Regulatory Authority (GRA).

The GRA will regulate all forms of gambling in Singapore, replacing the Casino Regulatory Authority (Casinos), Gambling Regulatory Unit of the Ministry of Home Affairs (Online Gaming), [...]

1 min read

Italy’s Lottomatica swings to profit as first half revenue soars to €806.2m

Leading Italian gaming operator Lottomatica has seen revenue from its online and land-based operations soar by 345 per cent to €806.2m in the first half of 2022.

The newly formed Lottomatica was established earlier this year through the merger of Gamenet Group, IGT Lottery (which owned Lottomatica Scommesse and Lottomatica Videolot [...]

1 min read

Nevada full year gaming win grows to record $14.6bn

Nevada’s gambling market generated record win of $14.63bn in the fiscal year ended June 30, with gaming win from state-wide casinos topping $1bn for the 16th consecutive month in June.

Gaming win in June climbed 8 per cent compared to the same month last year to $1.28bn, with the bulk of [...]

1 min read

Britain sees reduction in problem gambling

The latest survey data from Britain’s Gambling Commission shows that overall participation in any gambling activity remained statistically stable at 43 per cent in the year to June 2022, alongside an improvement in problem gambling rates.

The June 2022 data shows that 42.9 per cent of survey respondents over the age [...]

1 min read

Horse racing drives record second quarter for Churchill Downs Inc.

New York-listed racing and gaming operator Churchill Downs Incorporated has reported record results for the second quarter of 2022 as net revenue climbed by 13 per cent to $582.5m.

The company’s core Live and Historical Racing segment saw net revenue increase by 45 per cent year-on-year to a record $275.9m, primarily [...]

1 min read

Hong Kong Jockey Club appoints new head of wagering products

The Hong Kong Jockey Club (HKJC) has promoted Michael Fitzsimons to the role of executive director of wagering products. 

Fitzsimons will lead and drive HKJC’s wagering business, taking over responsibility for horse racing and football wagering, as well as the Mark 6 lottery. He will also lead the international commingling business [...]

1 min read

William Hill named official betting partner of Britain’s Racing League

888 Holdings' William Hill brand has been unveiled as the new official betting partner of Britain and Ireland’s 2022 Racing League.

Having served as title partner of the inaugural event last year, William Hill returns as an official betting partner of Racing League, which begins on 4 August and sees teams [...]

3 mins read

Kindred Group revenue falls 34% in tough second quarter

Stockholm-listed Kindred Group has reported a 34 per cent fall in total revenue to £238.7m for the second quarter of 2022, with results negatively impacted by strong comparables a year ago, a lower sportsbook margin, and the temporary withdrawal from the Netherlands.

Gross winnings revenue from B2C operations were down 36 [...]

1 min read

Pennsylvania full year gambling revenue tops $5bn for first time

Pennsylvania’s licensed betting and gaming operators generated record revenue of $5.04bn during the state's 2021/22 fiscal year, although revenue in June grew by just 0.2 per cent compared to the same period last year.

Total revenue from all forms of regulated gambling reached $389.8m in June, driven by growth from iGaming, [...]

1 min read

Coral agrees Glorious Goodwood official betting partnership

Entain-owned bookmaker Coral has been named as an official betting partner of Britain's Qatar Goodwood Festival for the next three years.

The new commercial relationship will see Coral sponsor ten races across the five days of the Qatar Goodwood Festival, which begins next week, including the Coral Golden Mile on Friday [...]

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