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Racing News

UK Government provides £21.5m loan to support British Racing

The UK Government has lent its support to the British horse racing industry by providing a ten-year loan of £21.5m as part of its Sport Winter Survival Package.

The funding will support racecourses and participants as the sport continues its recovery from Covid-19, with more than £400m lost in racecourse revenue [...]

1 min read

BetMakers agrees deal to acquire Australia’s Form Cruncher and Swopstakes

Sydney-listed betting technology provider BetMakers is looking to further enhance its product offering with the acquisitions of racing data company Form Cruncher and Australian sweepstakes betting platform Swopstakes.

BetMakers has entered into an agreement to acquire the technology platform assets, databases and intellectual property of Form Crunch for an initial cash [...]

1 min read

Louisiana Governor signs betting and gaming bills

Louisiana Governor John Bel Edwards signed five gaming-related bills into law Tuesday, including an Act to regulate sports betting in the state.

Senate bill 247 to regulate retail and online sports betting will come into force on July 1, with licensed operations subject to a 10 per cent tax on retail [...]

1 min read

New Jersey fixed odds racing bill passes legislature

New Jersey’s fixed-odds horse racing betting bill secured the unanimous approval of both legislative houses Monday and will now be presented to Governor Phil Murphy for approval.

The bill allows the New Jersey Sports and Exposition Authority or a racetrack permit holder to apply for a license from the Division of [...]

1 min read

Norway set to adopt new Gambling Act

Norway’s new Gambling Act has been submitted to parliament for adoption after securing approval from the Ministry of Culture on Friday.

The new law unifies the country’s existing Lottery Act, Gambling Act and Totalizator Act into a single piece of legislation and strengthens the regulator’s ability to combat unlicensed gambling and [...]

1 min read

Sportech aims to return cash to shareholders

London-listed betting technology supplier Sportech has confirmed the completion of three corporate transactions with an aggregate net cash value of £36.1m, with the majority of proceeds set to be returned to shareholders.

Sportech has completed the sale of its global Tote business to BetMakers Technology, the sale of Bump 50:50 to [...]

1 min read

France online betting and gaming market grows to €587m in Q1

France’s fifteen licensed online betting and gaming operators enjoyed a strong performance during the first quarter of 2021 as total gross gaming revenue increased by 35 per cent to €587m.

After a record year in 2020, the Q1 revenue growth was driven by record stakes from sports and horse race betting, [...]

1 min read

Betfred completes acquisition of South Africa’s Betting World

Betfred is looking to establish itself as a leading bookmaker in South Africa following the completion of its acquisition of Betting World.

Betfred entered into discussions with Betting World owner Phumelela Gaming and Leisure in August 2020 after Phumelela went into administration, initially seeking to acquire the entire business of the [...]

2 mins read

Betting firms to donate Royal Ascot race profits to UK charities

Members of Britain's Betting and Gaming Council (BGC) have pledged to donate profits from the Britannia Stakes at Royal Ascot to Prostate Cancer UK, Marie Curie, three Armed Forces charities and Care Radio.

Betting providers bet365, BetVictor, Betway, Entain, Fitzdares, Flutter Entertainment, Kindred Group, Rank Group, the Tote and William Hill [...]

2 mins read

British iGaming yield at £3.1bn in six months to September 2020

Britain’s Gambling Commission has released data for the six-month period ended September 2020, with the regulated online and land-based gambling market generating total gross gambling yield (GGY) of £5.9bn.

With Covid-19 and various lockdown rules and restrictions impacting operators during the period, the Remote gambling market was the largest combined sector [...]

1 min read
Churchill Downs

CDI adds Aristocrat to historical racing machine supplier roster

New York-listed racing and gaming operator Churchill Downs Incorporated (CDI) has expanded its roster of historical racing machine (HRM) suppliers through a new partnership with Aristocrat.

Aristocrat’s games will be rolled out across CDI’s HRM facilities in Kentucky, including Derby City Gaming in Louisville; Oak Grove Racing, Gaming & Hotel in [...]

2 mins read
Palms Las Vegas

Nevada gambling market surpasses $1bn in April

Nevada’s licensed casinos generated total gaming win of more than $1bn for the second consecutive month in April 2021.

Gaming win totalled $1.04bn during the month, a decline of 3 per cent compared to the previous month but a considerable increase on the corresponding period last year, which was impacted by [...]

1 min read
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