Six things you need to know in gaming today – Wednesday, February 18

Six things you need to know in gaming today – Wednesday, February 18

Wednesday, February 18, 2015

The US HRTV horseracing television network has been acquired from the Stronach Group by Betfair subsidiary TVG for $72.8m (€64m). The deal will see HRTV television operations combined with Betfair’s own TVG horseracing television network, while TVG will obtain long-term broadcast rights to the racecourses owned and operated by Stronach, including Santa Anita and Gulfstream Park. “This deal strengthens TVG's position as a significant player in the US horseracing industry, bringing together the US' leading racetracks under a single TV network for the first time,” Betfair CEO Breon Corcoran said...

In financial news, it has been confirmed that Rank Group’s major shareholder is to sell about 50 million shares at a minimum price of 185 pence per share. Malaysia-based Hong Leong Group subsidiary GuoLine Overseas said that the sale of the 12.8-per-cent stake would leave it with 56.1 per cent of Rank. “The placing will significantly increase the free float in Rank and is expected to improve liquidity in Rank's shares,” GuoLine Overseas added...

Swedish online gaming operator Cherry has reported encouraging growth during 2014 after achieving record growth in the final quarter of the year. The company said that full-year revenue amounted to SEK340m (€35.8m/$40.7m), up 28 per cent year-on-year, with Q4 revenue jumping 33 per cent year-on-year to SEK100.2m...

Meanwhile, UK bookmaker Ladbrokes has signed a deal that will make Best Gaming Technology (BGT) its biggest supplier of self-service betting terminals (SSBT). Under the multi-year agreement, BGT will supply more than 2,000 additional SSBTs to the 1,730 that were provided in the last 12 months...

Another bookmaker in the news is Boylesports, which is closing its London office ahead of moving to a new hub in Gibraltar. The Bayswater office opened in June 2013, but the Irish company announced in December 2014 that it would be establishing itself in Gibraltar with operational changes taking place in Dundalk and London and egaming services switching from the Isle of Man and the Channel Islands...

Finally, in regulatory news, political party New Zealand First has expressed concerns about new gambling laws that it believes could hit small companies hard. The Gambling Amendment Bill (2) will bring “a barrage of additional requirements which will effectively legislate them out of existence” according to New Zealand First internal affairs spokesperson Clayton Mitchell.

 

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