The British Horseracing Authority (BHA) has warned that the racing industry in Great Britain faces a “severe threat” after the return of spectators to events was delayed due to an increase in novel coronavirus (Covid-19) cases.
New Zealand Minister for Racing Winston Peters has set out his expectations for TAB NZ, saying that the new organisation should focus on helping the domestic industry recover from the novel coronavirus (Covid-19) pandemic.
PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise an additional Aus$300m (£165.1m/€184.4m/US$219.3m) in capital.
South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.
William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.
UK racecourse operator the Arena Racing Company (ARC) has announced that the Belle Vue Stadium greyhound racing venue will permanently close, saying there is “no longer a business case” to keep the site operating.
Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.
Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.
The New Zealand Racing Industry Transition Agency (RITA) has launched a consultation on its revised racing calendar for the 2020-21 racing season, reflecting the impact of the novel coronavirus (Covid-19) pandemic.