Tracey Crouch MP, the Minister for Sport, Tourism and Heritage in the UK, has said the country’s gambling industry must work harder to minimise gambling-related harm, claiming that “goodwill alone” will not create a more responsible market.
Ladbrokes has signed a £1.35 billion (€1.8 billion/$2.1 billion) facility with a syndicate of relationship banks in order to provide committed financing for its proposed merger with rival bookmaker Gala Coral.
Czech Republic lottery and betting firm Synot Group has linked up with South African gaming company Grand Parade Investments (GPI) to acquire minority stakes in Australian gaming machine manufacturer Atlas Gaming.
Jim Mullen, chief executive of Ladbrokes, has highlighted the need for the firm to “reset” and “invest” if it is to achieve growth in the long-term, following a heavy year-on-year drop in operating profit during the six months through to June 30.
Gavin Isaacs, president and chief executive of Scientific Games, said that the firm was able to make “significant progress” during the three months through to June 30, 2015, with the company posting growth across key financials.