International Game Technology PLC Reports First Quarter 2016
- Adjusted EBITDA of $460 million; pro forma
operating income up across all segments
- Strong global lottery growth, especially in North
America and Italy; resilient global gaming revenues
- Adjusted EPS of $0.57; reported EPS of ($0.46)
reflects non-cash foreign exchange impact
- Cash dividend declared of $0.20 per ordinary
- Investor Day to be held on June 21-22, 2016
LONDON, U.K. (May 26, 2016) --
International Game Technology PLC ("IGT") (NYSE:IGT) today reported financial
results for the first quarter ended March 31, 2016. Today, at 8:00 a.m. EDT /
1:00 p.m. BST / 2:00 p.m. CEST, management will host a conference call and
webcast to present the first quarter results; access details are provided
IGT is the global leader in gaming.
We enable players to experience their favorite games across all channels and
regulated segments, from Gaming Machines and Lotteries to Interactive and
Social Gaming. Leveraging a wealth of premium content, substantial investment
in innovation, in-depth customer intelligence, operational expertise and
leading-edge technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established local
presence and relationships...
"We begin 2016 with a solid first
quarter, evidenced by good revenue growth with all operating segments
contributing to an improvement in profitability," said Marco Sala, CEO of
IGT. "Continuing growth across all regions, especially North America and
Italy, propelled our lottery revenues. Gaming revenues were resilient despite
challenging market conditions in North America, our largest gaming market. We
remain focused on reenergizing gaming operations and strengthening our global
leadership in lotteries. We were successful in securing the Italian Lotto
concession, one of our largest contracts and a cornerstone of our Italian
"The diversity of our product and
geographic mix is a key element of our first quarter results," said Alberto
Fornaro, CFO of IGT. "Revenue growth, disciplined cost management, and
synergy savings all contributed to sharp profit expansion. Even after large
interest payments during the period, we generated significant free cash flow,
enabling us to reduce debt in constant currency and further improve our
Comparability of Results
All figures presented in this news
release are prepared under U.S. GAAP, unless noted otherwise.
As a result of the combination of
GTECH S.p.A. ("GTECH") and International Game Technology ("legacy IGT"), which
was completed on April 7, 2015, a number of items affect the comparability of
reported results. Reported financial information for the first quarter of
2016 includes the results of operations of IGT for the entire period, while
reported financial information for the first quarter of 2015 includes only
GTECH operations. Pro forma figures represent the combined results of both
Adjusted figures exclude the impact
of items such as purchase accounting, impairment charges, restructuring
expense, foreign exchange, and certain one-time, primarily transaction-related
items. Reconciliations to the most directly comparable U.S. GAAP measures
are included in the tables in this news release. Constant currency changes for
2016 are calculated using the same foreign exchange rates as the corresponding
Management believes that referring
to certain pro forma, constant currency, or adjusted measures is a useful way
to evaluate the Company's underlying performance.
Overview of Consolidated First
Reported consolidated revenue grew
51% to $1,282 million from $848 million in the first quarter of 2015,
reflecting GTECH's acquisition of legacy IGT. On a pro forma, constant currency
basis, consolidated revenue rose 4%. Revenue growth primarily reflects strong
lottery performance, particularly in North America and Italy. Global lottery
same-store revenue, excluding Italy, increased 18% during the first quarter,
reflecting the benefit of the record Powerball jackpot in the United States.
Revenue from gaming was slightly below the prior-year period. During the
quarter, the Company sold 5,695 gaming machines worldwide.
On a reported basis, adjusted EBITDA
of $460 million was 43% above the first quarter of 2015. On a pro forma,
constant currency basis, adjusted EBITDA was 12% greater than in the prior-year
period as overall sales growth was accentuated by favorable revenue mix and
Reported operating income was $188
million compared to $163 million in the first quarter of 2015. On a pro forma,
constant currency basis, adjusted operating income was 35% above the first
quarter of 2015, which included significant bad debt expense. In addition,
revenue growth, overall sales mix, and synergy savings all contributed to the
increase in adjusted operating income.
Interest expense was $118 million
compared to $94 million in the prior-year period.
Net loss attributable to IGT was $93
million in the first quarter of 2016, reflecting the impact of $162 million in
primarily non-cash foreign exchange losses. On an adjusted basis, net income
attributable to IGT was $116 million. The Company reported net loss per diluted
share of $(0.46) but earned $0.57 per diluted share on an adjusted basis.
Cash from operations was $206
million in the first quarter and capital expenditures were $98 million.
Cash and cash equivalents were $506
million as of March 31, 2016, compared to $627 million as of December 31, 2015.
Consolidated shareholders' equity totaled $3,292 million and net debt was
$7,722 million as of March 31, 2016.
Operating Segment Review
North America Gaming &
Revenue for the North America Gaming
& Interactive segment was $339 million compared to $30 million in the first
quarter of 2015. On a pro forma basis, revenue was essentially in line with the
Service revenue was $258 million
compared to $13 million in the prior-year period. On a pro forma basis, service
revenue was in line with the first quarter of 2015 as increased software
revenues offset a decline in the installed base. DoubleDown revenue was
unchanged from the prior year.
Product sales were $81 million
compared to $17 million in the first quarter of 2015. On a pro forma basis,
product sales declined 3% as lower machine unit volume was partially offset by
higher systems sales. The segment shipped 3,951 units compared to 5,241 units
in the first quarter of 2015, which included a large, one-off lease conversion
sale in Maryland as well as sizeable VLT sales in Canada and Oregon. Excluding
one-time items, commercial casino replacement units were up double-digits from
the prior-year period.
Operating income for North America
Gaming & Interactive was $89 million compared to $7 million in the first
quarter of 2015. On a pro forma basis, North America Gaming & Interactive
operating income rose 89%, largely due to the comparison with bad debt expense
in the prior-year period as well as favorable revenue mix and synergy
North America Lottery
North America Lottery revenue was
$315 million in the first quarter of 2016, 25% higher than the prior year on a
reported basis and 16% greater on a pro forma basis.
Service revenue increased 26% on a
reported basis and was 16% higher than the prior year on a pro forma basis,
reflecting 23% same-store revenue growth and favorable LMA comparisons. The
significant increase in same-store revenue was supported by the record
Powerball jackpot in the period, in addition to strong instant ticket sales and
solid local draw-based game performance. Product sales were $11 million in the
quarter compared to $12 million in the prior-year period.
Operating income for North America
Lottery was $88 million compared to $43 million in the first quarter of 2015.
On a pro forma basis, operating income for North America Lottery rose 61% on
strong same-store revenue growth, operating leverage, and cost control. The
first quarter results represent record profits for the North America Lottery
segment, even without the Powerball benefit.
International revenue was $185
million compared to $131 million in the first quarter of 2015 on a reported
basis. On a pro forma, constant currency basis, International revenue declined
2% from the prior year.
International lottery same-store
revenue was up 2%, with broad-based strength in Europe partially offset by
weaker trends in Latin America. Lottery product sales were below the prior-year
period, which benefited from large sales in New Zealand and Singapore.
International gaming service revenue
was $47 million compared to $13 million in the first quarter of 2015 on a
reported basis, and was up 4% on a pro forma, constant currency basis, on
growth in interactive and the South Africa installed base. Revenue from gaming
product sales was in line with the prior year on a pro forma, constant currency
basis. The segment shipped a total of 1,744 gaming machines internationally
during the first quarter of 2016 compared to 1,587 units in the prior-year
period, reflecting demand for new cabinets.
International operating income was
$33 million compared to $27 million in the first quarter of 2015. On a pro
forma, constant currency basis, International operating income was up 41%,
reflecting favorable revenue mix and lower operating costs.
Revenue in the Italy segment was
$444 million compared to $434 million in the first quarter of 2015.
Total Lotto wagers in the quarter
were 1,928 million, a 6% increase from the prior-year period, when wagers
had already posted 16% growth. Strong Lotto performance was achieved with
double-digit expansion for 10eLotto and a significant contribution from late
numbers that more than offset lower core wagers. Instant-ticket wagers rose 2%
to 2,355 million, supported by several new product introductions.
Machine gaming service revenue
declined 3%, impacted by increased Stability Law taxes and fewer AWP units.
Excluding the Stability Law impact, revenues were flat as the overall
productivity and mix of gaming machines improved over the prior year.
Operating income for Italy was $148
million, 2% below the first quarter of 2015 on a reported basis but 2% higher
on a pro forma, constant currency basis. The increase in operating income was
driven by strong lottery performance, lower sports betting payout, and
disciplined cost management, partially offset by higher Stability Law
The Company's Board of Directors has
declared a quarterly cash dividend of $0.20 per ordinary share. The dividend is
payable on June 23, 2016 to all shareholders of record as of the close of
business on June 9, 2016.
On May 17, 2016, the Italian
regulator Agenzia delle Dogane e dei Monopoli awarded the concession for the
Lotto game to Lottoitalia, a joint venture led by IGT subsidiary Lottomatica.
The new concession has a nine-year term, commencing on November 29, 2016. In
conjunction with the award, the 350 million first installment of upfront
concession payments was made in May.
In the first quarter of 2016, the
Company recorded a $15 million reserve related to the anticipated cost of
settling certain tax matters in Italy covering the years 2006-2014 and
involving the structuring of the original leveraged buyout of GTECH Holdings
Corporation by Lottomatica S.p.A. On May 26, 2016, the Company agreed to pay
11 million to the Italian Tax Agency (Agenzia delle Entrate) to settle
the claim for tax years 2006-2010.
The Company will host an investor
day on June 21-22, 2016 in Rome, Italy. At the event, presentations will be
made by Marco Sala, CEO, and other members of the Company's executive team.
Interested parties may contact Investor_Relations@IGT.com for additional
details and to register for the event.
The Company continues to expect to
achieve adjusted EBITDA of $1,740-$1,790 million for the full year 2016 period,
supported by growth in core operations and using an average euro/dollar
exchange rate of 1.10 versus 1.11 last year. A modest headwind is expected from
other currencies, notably the British pound, the South African rand, and
certain Latin American currencies.
Capital expenditures excluding Lotto
concession payments are expected to be $575-$625 million. Lotto-related capital
expenditures are estimated at $695 million, including $660 million in upfront
payments and approximately $35 million for infrastructure upgrades. Net debt is
still expected to be $7,700-$7,900 million at the end of 2016.
Conference Call and
Today, at 8:00 a.m. EDT / 1:00 p.m.
BST / 2:00 p.m. CEST, management will host a conference call to present the
first quarter 2016 results. Listeners may access a live webcast of the
conference call along with accompanying slides under "News, Events and
Presentations" on IGT's Investor Relations website at www.IGT.com. A replay of
the webcast will be available on the website following the live event. To
listen by telephone, the dial in number is +44 (0) 20 3427 1907 for
participants in the United Kingdom and +1 212 444 0896 for listeners outside
the United Kingdom. The conference ID/confirmation code is 7945074. A telephone
replay of the call will be available for one week at +44 (0) 20 3427 0598 or
+1-347-366-9565 using the conference ID/confirmation code 7945074.
IGT (NYSE:IGT) is the global leader
in gaming. We enable players to experience their favorite games across all
channels and regulated segments, from Gaming Machines and Lotteries to
Interactive and Social Gaming. Leveraging a wealth of premium content,
substantial investment in innovation, in-depth customer intelligence,
operational expertise and leading-edge technology, our gaming solutions
anticipate the demands of consumers wherever they decide to play. We have a
well-established local presence and relationships with governments and
regulators in more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and responsibility.
IGT has over 12,000 employees. For more information, please visit
Robert K. Vincent, Corporate
Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada
James Hurley, Investor Relations,
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries.
Shareholders Annual General Meeting
INTRALOT Reveals New Strategy for Growth
ATHENS, Greece (May 26, 2016) -- In
his address to the annual General Meeting of INTRALOT Shareholders held today
at the company's Innovation Centre in Athens, INTRALOT Group CEO, Mr. Antonios
Kerastaris, revealed INTRALOT´s strategy going forward, By 2019
the global gaming market is expected to surpass 500 bn with main drivers
new markets opening and market privatizations, new regulation frameworks, and
the players demand for an omni-channel, personalized experience across
all delivery channels.
INTRALOT will exploit these
opportunities with a best-of-breed portfolio of products and services
addressing modern consumer trends that enhance the customers experience
and an M&A strategy, aiming at growing our business through local
INTRALOT CEO discussed details of
transactions in Italy with Gamenet, in Bulgaria with Eurobet, and in Peru with
the Nexus Group, announced this morning. Specifically, INTRALOT finalized and
signed an agreement to merge its Italian activities into those of Gamenet,
retaining 20% control of the new entity that will have a total turnover of
1 bn and a network of 750 betting shops, 50,000 AWPs and 8,200 VLTs and
60 exclusive gaming halls.
In Bulgaria, INTRALOT will acquire
49% share of Eurobet, the main KINO, scratch and lottery operator,
complementing its betting portfolio as 49% shareholder of Eurofootball since
Finally, in Peru INTRALOT is teaming
up with the leisure brand of Nexus Group, a leading conglomerate of supermarket
chains, construction and financial products.
By means of a new portfolio roadmap
that envisages novel products and services across all industry content
verticals and these transactions INTRALOT plans to secure sustainable EBITDA
growth, solid cash flow generation and rapid reduction of Net Debt/EBITDA ratio
Financial year 2015 and 1Q2016
results already show revenue and Net debt stabilization and an increase in
EBITDA and EBITDA margin in a like-for-like basis, in spite of a recent FX
headwind in certain markets.
About INTRALOT (www.intralot.com)
INTRALOT, a public listed company
established in 1992, is a leading gaming solutions supplier and operator active
in 57 regulated jurisdictions around the globe. With 1.91 billion
turnover and a global workforce of approximately 5,100 employees in 2015,
INTRALOT is an innovation driven corporation focusing its product
development on the customer experience.
The company is uniquely positioned
to offer to lottery and gaming organizations across geographies market-tested
solutions and retail operational expertise.
Through the use of a dynamic and
omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class
gaming systems and product solutions & services addressing all gaming
verticals (Lottery, Betting, Interactive, VLT).
Players can enjoy a seamless and
personalized experience through exciting games and premium content across
multiple delivery channels, both retail and interactive.
For more information CONTACT: Ms.
Dimitra Tzimou, Corporate Relations Manager, Phone: +30-210 6156000, Fax:
+30-210 6106800, email: email@example.com.
Laboratories International (GLI®) Appoint April Augustine as Director of
LAS VEGAS, Nevada (May 25, 2016)
Gaming Laboratories International (GLI®) announced the appointment
of April Augustine as Director of Marketing. In her new role, Augustine joins
the GLI marketing team, directing the companys marketing communications
and branding strategy. In addition, she spearheads all marketing activities
We are thrilled to welcome
April to the GLI global marketing team, said GLI Vice President of
Worldwide Marketing Christie Eickelman. GLI serves regulators,
suppliers and operators in more than 475 jurisdictions worldwide. With her
diverse and successful marketing background, combined with a thorough knowledge
of the gaming industry, April brings a unique insight to GLI that will help us
communicate even more effectively with our clients, particularly at this time,
when there are so many exciting things happening at the company.
Augustine is an award-winning
professional with over 15 years of experience leading a variety of integrated
marketing plans. Most recently, Augustine was Director of Marketing for
DALLASWHITE Property Restoration.
Prior to DALLASWHITE, she spent nine
years implementing marketing strategies for prominent gaming innovations at
Bally Technologies, Inc., where she held a variety of progressive roles within
the organization, including Director of Corporate Marketing, Online
Marketing Strategist, Director of
Systems Marketing and Systems Marketing Manager. During her tenure with Bally,
Augustine was recognized by the American Gaming Association (AGA), receiving
five Pinnacle communications awards.
Previously, Augustine worked with
Network Associates (formerly McAfee Securities), Hewlett-Packard and Cisco
Systems. She graduated with a B.S. in Advertising from San Jose State
University and M.S. in Computer Information Systems from the University of
About Gaming Laboratories
Gaming Laboratories International,
LLC delivers the highest quality land-based, lottery and iGaming testing and
assessment services. GLIs laboratory locations are found on six
continents, and the company holds U.S. and international accreditations for
compliance with ISO/IEC 17025, 17020, and 17065 standards for technical
competence in the gaming, wagering and lottery industries. For more
information, visit www.gaminglabs.com.
CONTACT: Christie Eickelman, Vice
President of Worldwide Marketing, T: +1 (702) 914-2220 or E:
SOURCE: Gaming Laboratories
Loterie Romandes 2015 Results: Stable Level of Profits
Distributed for the Public Good
LAUSANNE, Switzerland (May 24, 2016)
-- After a good 2014, Loterie Romande consolidated its results over the past
financial year, characterised by a blatant lack of attractive jackpots for the
flagship Euro Millions and Swiss Loto games. Although gross gaming revenues
dipped slightly to CHF 377 million, net profit held steady, coming in at CHF
209.5 million. In an increasingly competitive landscape in the gambling sector,
the diverse range of games on offer from Loterie Romande, the high quality of
its sales network and tight control exerted over operating costs paid off and
contributed to maintaining the high level of profits available for allocation
to social, cultural, sports and environmental projects.
The draft bill on the new Swiss
Federal Law on Gambling is currently being debated in the Swiss Parliament. In
light of the balanced positions achieved during the consultation process,
especially with regard to social responsibility, it is vital this draft
legislation not be degraded by any amendments that might damage the
competitiveness of public-interest lottery companies.
In order to compete against, in
particular, rival gambling operators hawking their illegal games via the
Internet, authorised lottery operators must be able to propose attractive,
profitable and socially responsible games so as to guarantee the long-term
sustainability and stability of profits distributed to support cultural, social
and sporting projects for the public good.
Provisions set forth in this law
must be such as to ensure that profits generated from gambling, pursuant to
Article 106 of the Swiss Federal Constitution, are indeed allocated to
public-interest projects and not diverted into the coffers of private gambling
On Tuesday, at Loterie
Romandes new flagship head office in avenue de Provence in Lausanne,
Loterie Romande convened its annual press conference to announce its operating
results for 2015, under the Chairmanship of Mr Jean-Pierre Beuret, alongside
Loterie Romandes CEO, Mr Jean-Luc Moner-Banet, and the Chairman of the
Conference of the Chairs of the Distributing Bodies (CPOR), Mr Jean-Paul
Stable results announced
In 2015, gross gaming revenues
(GGR), i.e. the sums of money staked less winnings paid out to players,
totalled CHF 377 million, just 2.8% down from 2014 levels. Few huge jackpots
available on the Euro Millions and Swiss Loto lottery games during the course
of last year impacted sales and can be blamed for this dip in GGR.
Net profit for the year totalled CHF
209.5 million. This total, distributed to the cantonal bodies tasked with
redistributing Loterie Romandes profits and to sport, was steady relative
to its 2014 level (CHF 209.9 million). The release of around CHF 5 million in
provisions and an effective control over operating costs contributed to this
sound profit performance, which helped to keep levels of funding distributed
for the public good high.
With 282 staff on its books as of
1st January 2016, Loterie Romande paid out in 2015 CHF 70.5 million in
commission fees to the 2,650 retailers distributing its games throughout
French-speaking Switzerland. Through these payments, Loterie Romande makes a
significant contribution to local neighbourhood businesses (kiosks,
cafés/bars, restaurants) located in city centres, on the outskirts of
towns or in villages in the country.
Distribution of profits
Around 3,000 public-service
foundations and institutions received funding from Loterie Romande in 2015. On
average, over CHF 500,000. were distributed daily to social, cultural and
sports projects in French-speaking Switzerland.
After deduction of the CHF 3.8
million destined for the Association pour le développement de
lélevage et des courses (ADEC; Association for the Promotion of
Horse Breeding & Racing), net profits for 2015 were distributed according
to the following split: 5/6ths, i.e. CHF 171.4 million, went to the cantonal
distributing bodies to fund projects in the social-welfare, cultural,
educational or environmental fields, with the remaining 1/6th or CHF 34.3
million going to sport.
As in past years, Loterie Romande
paid the 0.5% duty levied on its GGR, i.e. a sum of CHF 1.88 million, which is
destined for preventing and combating gambling addiction.
New Swiss gambling law
On 21 October 2015, the Swiss
Federal Council transferred the draft bill for the new Gambling Act to the
Swiss Parliament (BGS/LJAr). The bill, drafted after consultation with all
interested parties, is both consistent and well balanced. It ensures proper
protection for the population against those dangers associated with gambling,
setting out a series of tangible measures to clamp down on illegal gambling and
games, such as the blocking of unauthorised Internet sites. In light of the
balanced positions achieved during the consultation process, especially with
regard to social responsibility, Loterie Romande is adamant this bill should
not be watered down by any amendments that might damage or blunt the
competitive edge of public-interest lottery and sports betting companies.
Provisions set forth in this law must be such as to ensure that profits
generated from gambling, pursuant to Article 106 of the Swiss Federal
Constitution, are indeed allocated to public-interest projects and not diverted
wholly into the coffers of private gambling operators or companies running
competitions and games for their own commercial gain.
In an increasingly competitive
gambling industry, this new legislation must enable lottery operators to
propose attractive, profitable and socially responsible games so as to
guarantee the long-term sustainability and stability of profits, totalling
almost CHF 600 million each year, distributed by Loterie Romande and Swisslos,
to support cultural, social and sporting projects for the public good.
Supporting sport: increased
backing for Swiss Olympic
Loterie Romande and Swisslos, the
intercantonal lottery operator for German-speaking Switzerland and the Canton
of Ticino, have decided to boost their annual contribution to Swiss OIympic by
CHF 15 million to support, in particular, both current and up-and-coming elite
athletes. Of the 15 million, CHF 4 million will
come from Loterie Romande and CHF 11
million from Swisslos these contributions will push the total sum
distributed to Swiss Olympic by the two lottery companies to CHF 40 million
from 2017. Loterie Romande and Swisslos have added their weight to Swiss
Olympics drive aimed at enabling Swiss sport to remain competitive in
international sporting arenas. The extra money being distributed to Swiss
Olympic will be allocated to the athletes themselves, their support teams and
facilities. These contributions bear sound testament to the major role Swiss
lottery companies play in supporting sport.
As a reminder, the funds allocated
by Loterie Romande to sport, some CHF 34.3 million, is split two-ways: first to
the cantonal sports bodies (CHF 27.7 million) to help fund amateur and
grassroots sport (facilities, next generation of active sports participants,
local sports events, etc.); second to the Sport-Toto company which redeploys
its share (CHF 6.6 million) to support Swiss Olympic, the Swiss Football
Association, and the Swiss national football and ice hockey leagues.
The companys new
In March 2016, Loterie Romande
brought all of its operations together onto a single site at 14 avenue de
Provence in Lausanne. Work to add a new floor in the attic space and renovation
to refurbish the already existing building were undertaken by local
contractors, and the project has allowed significant and tangible improvements
in terms of sustainability.
CONTACTS: Mr Jean-Pierre Beuret,
Chairman, T: 079 332 01 00 or Mr Jean-Luc Moner-Banet, CEO, 079 310 78 69.
SOURCE: Loterie Romande.
Returns to Good Causes Pass £35 Billion As Camelot Delivers
Another Record Year for the National Lottery
driven by digital innovation and growth
UNITED KINGDOM (May 24, 2016) --
Camelot UK Lotteries Limited (Camelot) today announced that
National Lottery players have now raised over £35 billion for Good Causes
since the lotterys launch in 1994. The total has been reached after
Camelot delivered another record-breaking year for The National Lottery in
2015/16, with impressive digital growth driving annual sales to an all-time
high of £7,595 million, an increase of £317 million on the previous
Announcing the landmark figures,
Camelot CEO Andy Duncan said: Its amazing that National Lottery
players have now raised over £35 billion for Good Causes which
breaks down as over 150 lottery grants in every neighbourhood. Thats a
measure of the huge, life-changing good that The National Lottery does for the
Im delighted by the
fantastic year weve had especially across our digital channels.
With our own world-leading mobile platform and over eight million registered
online players, Camelot leads the field of digital lottery innovation. To build
on the years outstanding performance, weve got some really exciting
plans lined up starting with Rio, where The National Lottery is
supporting our elite athletes in their quest for gold.
Camelots performance during
the year saw Good Causes and players share a record £6 billion
underlining how The National Lottery is continuing to transform the lives of
individuals and communities across the UK. Combined with the Lottery Duty it
pays to the Government and the commission earned by its retail partners,
Camelot returns 95% of all revenue back to society.
In the year to 31 March 2016,
Camelot raised £1,901 million for Good Causes (excluding investment
returns) more than £36 million every week to take the total
delivered to date to over £35 billion. Over the same period, Camelot
awarded a record £4,198 million in prizes to players and created almost
one new millionaire a day. The National Lottery has now awarded over £59
billion in prizes and created more than 4,250 millionaires or
multi-millionaires since its launch.
Camelots success in achieving
record sales in 2015/16 was driven by strong growth across The National
Lotterys digital channels, with sales through mobile (smartphones and
tablets) soaring by 53%. Of this, smartphone growth was particularly strong
with sales through these devices increasing by 71% year-on-year.
Duncan, Camelot CEO, Liz Nicholl CBE, CEO of UK Sport, and Sir Steve Redgrave
in central London today as Camelot announced it has raised £35 billion
for Good Causes since The National Lottery's launch in 1994.
Boosted by a range of exciting new
instant win games, innovative app enhancements and the launch of the first-ever
mobile payment option through Barclays Pingit, mobile sales now account for
almost half of all interactive National Lottery sales with mobile
players alone raising over £175 million for Good Causes last year.
Sales over the year were also buoyed
by impressive growth across The National Lotterys GameStore range of
online and in-store instant play games, following the launch of over 70
innovative new games and the introduction of second chance draws to give
players more chances to win prizes.
Sales of Lotto increased in 2015/16
too, following the changes Camelot introduced last autumn to give players more
chances than ever to become a millionaire.
In six months after the changes,
Lotto created over 100 millionaires more than double the number of
millionaires than in the preceding six months and awarded more in prizes
Todays announcement by Camelot
coincides with the half-way point of its current licence to operate The
National Lottery and its performance over this seven-year period
reinforces its position as one of the worlds leading lottery operators,
with an unrivalled track record in innovation and long-term, responsible
In just seven years, Camelot has
succeeded in growing total sales by almost 50%. This has enabled it to raise
more for Good Causes in the first half of this licence period
£12.4 billion than it did in each of the first two full National
Lottery licence periods.
This far exceeds the additional
£60-£100 million a year for Good Causes that Camelot was expected
to raise during this licence period and means that the company is now
delivering £11 million a week more for Good Causes than it was at the
start of the licence in 2009.
On top of that, The National Lottery
has created almost as many millionaires in the first seven years of this
licence period (2,050) as it did over the first 15 years of The National
NOTE: Total ticket sales and all
related financial results figures for 2015/16 are subject to final audit.
For further information, please
CONTACT: Camelot Press Office: 020 7632 5711.
Veikkaus 75th Anniversary Turned Out a Year of Record
Success Profit Went Up to EUR 537 Million
VANTAA, Finland (May 23, 2016) --
Veikkaus 75th anniversary was a year of success. We managed to improve
our profit by 3.2 percent, the financial result attaining EUR 537.1 million.
The turnover for the financial year went up to EUR 2095.3 million (+6.9%).
We have made strong
investments in the development of Veikkaus game portfolio and digital
services. This year, once again, our customers rewarded our efforts and enabled
us to achieve a record high result, says Veikkaus CEO Mr Juha
Im happy that,
despite the overall economic situation, we were able to attain the goals that
were set for us. This means that we can support the operation of Finnish art,
sport, science, and youth work in the best possible manner.
Nearly half a million web
players a week; registered gaming promotes responsibility
The strong growth of the digital
sales channel shows how consumer behaviour is changing. Veikkaus.fi is one of
Finlands biggest consumer web stores with a turnover of EUR 925.4 million
(+14.9%). Last year, we had an average of 474 000 buying customers a week in
The share of the digital
channels out of Veikkaus total sales reached over 43 percent in 2015.
From the European and even from a wider international
perspective, the share is exceptionally high, says Mr Koponen.
Developing better digital services
for customers is a core strategic focus for Veikkaus. This is why we continue
to invest in the development of the web store. In February 2015 we bought the
central parts of our current web store systems back end system. This made
possible a wider and faster digital development of our products and
Thanks to the increase in web gaming
in particular, a growing number of Veikkaus customers play registered.
This supports responsibility and reinforces consumer protection. The share of
registered gaming out of Veikkaus total sales reached 65.1 percent (+3,4
percentage points) at the end of the year. A total of over 167 000 Finns joined
Veikkaus Loyal Customer Programme last year. As a result, the number of
our registered customers went up to nearly 1.8 million.
In addition to working towards
economic goals, Veikkaus makes long-term efforts to promote responsible gaming.
As a legal operator of games, Veikkaus task is to channel playing towards
safe and controlled domestic games. Veikkaus spent a total of EUR 7.2 million
on measures supporting social responsibility and responsible gaming in
Responsibility continued to be
in focus in our operations last year. We invested especially in communicating
responsibility, promoting registered gaming, and training our staff in
responsibility issues, says Mr Koponen.
Eurojackpot, eInstants, and Fixed
Odds Betting successful, Lottos sales took an upward turn
Finlands favourite game Lotto
reached a turnover of EUR 436.7 million (+1.3%) in 2015. In February, we had
the chance to celebrate a historic double jackpot of EUR 27.8 million in Lotto.
On the record round, up to 1.5 million customers played Lotto. In Eurojackpot,
there were over one million weekly players in May, as the games biggest
possible jackpot of EUR 90 million was available for the first time. Last year,
Eurojackpot established its position as Finns favourite along with Lotto.
Eurojackpots turnover went up to EUR 222.9 million (+38.8%).
The games to increase in popularity
the most at veikkaus.fi were the eInstants. Their turnover amounted to EUR
159.9 million (+30.6%). Among the sports games, Fixed Odds Betting, which had
been reformed the year before, experienced the greatest trend upward (turnover
EUR 234.5 million; +8.2%). The more favourable terms of play that were
introduced in August as a result of our customers wishes boosted the
sales of Football Pools. By the end of the year, the number of customers had
increased by 16% and the turnover had gone up by 8.5% as compared with the
Prospects for 2016
Veikkaus has made a strategic
commitment to continuous development, promotion of responsible gaming, and
cost-efficiency. The development of the domestic purchasing power and changes
in consumer behaviour continue to constitute significant sources of uncertainty
to our operations. In addition, the regulations issued by authorities on the
marketing of games seem to affect the retail sales in a negative way.
The plans for the merger of the
Finnish gaming operators Veikkaus, Finlands Slot Machine Association, and
Fintoto will be made primarily during 2016. During the transition period, it is
important that we secure smooth and high-quality customer service, as well as
the continuity of the product and service development.
Veikkaus goal in 2016 is to
improve its financial result moderately. Veikkaus projected profit
estimate in the State Budget for 2016 is EUR 537.4 million, of which EUR 520.9
million have been earmarked for return to the State. We will also return EUR
16.5 million at the minimum in undistributed prize funds from previous years to
the Ministry of Education and Culture.
We trust that our
high-level expertise, long-term development, and courage to reform will
guarantee a steady return for the benefit of all Finns even in the future. We
believe that we will reach another record-high result in 2016, says
Futher information CONTACT:
Veikkaus Communications, tel. + 358 20 750 6355.
CLICK HERE to download Veikkaus Corporate Social
Responsibility Report 2015 (in English).
SOURCE: Veikkaus Oy.
Chairman & CEO Positions New CEO as of July 1st 2016
ATHENS, Greece (May 19, 2016) --
Following the successful completion of the large scale internal restructuring
of the Company, the Board of Directors of OPAP announces today that it has
decided to split the roles of Chairman and CEO, with effect from 1st of July
2016. The Board of Directors decided to reinforce the Company's senior
management team and engage Mr. Damian Cope as CEO of the company as of July
Mr. Ziegler who currently leads OPAP
as Chairman & CEO since October 2013, will continue to serve as Executive
Chairman of the Board of Directors.
The Board welcomes Damian and
believes that the combination of both his broad betting and gaming experience
and management skills will be an asset for the Company's growth and future.
Damian Cope has over 18 years
experience in the gambling industry, most recently at Ladbrokes Plc where he
was Managing Director, International. At Ladbrokes Damian had responsibility
for all non-UK, betting & gaming activities, across both retail and digital
channels. This included regulated businesses in Spain, Belgium, Denmark,
Ireland and Australia. Damian was also a Board Director of Sportium Apuestas
Deportivas, the sportsbetting JV with Cirsa Group. Prior to this Damian was
Group Chief Information Officer and Managing Director, Ecommerce for the Gala
Coral Group and he previously also held senior management positions at Blue
Square and Rank Group Plc. Damian has a law degree from Bristol University,
"I feel privileged to be taking
on the role of Chief Executive of OPAP, a hugely respected brand both in Greece
and around the world. Over the last three years under Kamil's strong leadership
OPAP has undergone significant change and made positive progress. I look
forward to working closely with Kamil and everyone at OPAP in building an even
brighter future for the company" Damian Cope said.
The Board acknowledges achievements
of Mr. Ziegler on enhancing performance and successful restructuring of OPAP
and would like to thank him for his very good results.
The Board is highly confident, that
under its new enforced composition, with separate Chairman & CEO positions
in line with international best corporate practices, will prove even more
efficient and productive while OPAP will deliver a strong future for its
customers, shareholders, agents, partners and employees.
SOURCE: The OPAP BoD.
Lotto24 AG: Annual General Meeting, Shareholders Adopt All
Resolutions with Large Majorities
HAMBURG, Germany (May 24, 2016) --
Lotto24 AG successfully held its fourth Annual General Meeting as a listed
Attended by around 60 percent of
voting capital, all items on the agenda were adopted with large majorities. The
agenda included the usual items, such as approving the actions of the Executive
Board and Supervisory Board and appointing auditors.
The Executive Board expressed its
satisfaction with the fiscal year 2015 and the first quarter of 2016: "Now,
with one million customers, we remain firmly on our growth trajectory and
extend our market lead", says Petra von Strombeck, Chief Executive Officer of
"We thank for the great affirmation
of our shareholders and are pleased they will continue to accompany us on this
About Lotto24 AG:
Lotto24 is Germany's leading
provider of state-licensed lotteries via the Internet (www.lotto24.de). Lotto24
brokers customers' tickets to the state lottery companies and receives
The offerings include "Lotto
6aus49", "Spiel 77", "Super 6", "EuroJackpot", "GlücksSpirale", lotto
clubs and Keno.
After its foundation in 2010 and the
IPO in 2012 on the Frankfurt Stock Exchange (Prime Standard), Lotto24 is now
the clear market leader and well ahead of the competition. As a fast-growing
company with a strong service and customer orientation, it aims to provide its
customers with the most convenient, secure and modern game experience
CONTACT: Lotto24 AG, Verena
von Gehlen, Manager Investor & Public Relations T: + 49 (0) 40 /
822239-501, E: firstname.lastname@example.org.
Loto-Québec Extends Partnership with
Supplier launches mobile
casino with leading lottery operator
LONDON, UK (May 25, 2016)
OpenBet, the worlds leading omni-channel software provider to the sports
betting and gaming industry, has further extended its longstanding relationship
with leading lottery operator, Loto-Québec.
The three-year deal not only extends
OpenBets existing partnership, but also sees the company provide
Loto-Québec with its new mobile portal solution, which launched at the
end of 2015 and is a key part of the lotterys strategy for growth.
OpenBet was selected based on the
continued strength and flexibility of its solution, delivery timeframes and
content library, alongside its ability to empower a genuine omni-channel
experience across all products.
The new agreement further aligns
OpenBet with the lotterys growth strategy around convergence and is
designed to support the planned changes to regulation within the province, that
are currently in the process of being passed by the authorities.
Espacejeux.com General Manager Luc Morin commented: OpenBet was the clear
choice for us to bring our mobile casino to market; the company has a stand-out
omni-channel vision and long-term strategy.
Partnering with OpenBet allows
us to seamlessly join up our new, innovative mobile offering with our existing
product portfolio, maximising the player experience across all
OpenBet CEO Jeremy Thompson-Hill
added: Our ongoing work with Loto-Québec endorses OpenBets
credentials as a highly compliant, reliable and trusted business-to-government
We are proud to continue to
develop our relationship with such an important gaming institution against the
backdrop of the biggest change in regulation that the province has seen in
development is at the heart of the OpenBet strategy, and the launch of the
mobile portal has been a fantastic development I am excited to see it
live in the province.
OpenBet has supplied
Loto-Québec with its online gaming solution since 2010 and supplies a
number of public bodies worldwide, including Danske Spil and BCLC, while it
also recently signed a new deal with the Singapore Pools.
MEDIA CONTACTS: Olivia Gillibrand,
OpenBet, Head of Marketing, E: email@example.com,
T: +44 (0)7701037513.
Military Veterans with Purchase of Veterans Instant Tickets
TOPEKA, Kansas (may26, 2016)
With Memorial Day fast approaching, the Kansas Lottery is encouraging
players to consider purchasing special $1 and $2 Veterans instant scratch games
to support Kansas military veterans.
Veterans tickets currently being
sold include $1 Star Spangled Doubler and $2 Super Stars & Stripes. Players
can win up to $10,000 playing Super Stars and Stripes and up to $3,000 playing
Star Spangled Doubler.
Veterans tickets can be identified
by the patriotic artwork on the tickets. The Kansas Lottery has also begun
placing a small yellow ribbon on the front of Veterans tickets to identify them
Veterans Benefit games play like any
other Kansas Lottery instant games, except the proceeds benefit military
veterans in Kansas.
Proceeds from the sales of Veterans
games are currently distributed to these programs:
- 30% - Veterans Enhanced Service Delivery
- 40% - Kansas National Guard Education Assistance
- 30% - Kansas Veterans Home and Cemeteries
Since the legislation authorizing
Veterans Benefit games was passed in 2003, the Lottery has transferred nearly
$14 million from the sales of these games. For more information on Kansas
Lottery Veterans games, visit Where the Money Goes on the Kansas Lottery
The Kansas Lottery thanks you for
your support of Kansas Veterans through the purchase of $1 and $2 Veterans
CONTACT: Sally Lunsford, T: (785)
296-5708, E: firstname.lastname@example.org.
SOURCE: Kansas Lottery.
Vanguard Entered Into the Pilot Framework Agreement with Gansu Sports Lottery
For the Provision of
Award Winning Services Yao Cai on LED Display Panels throughout
Lottery Stores in Gansu Province
HONG KONG, SAR (May 19, 2016) --
China Vanguard Group Limited (China Vanguard or the
Company, together with its subsidiaries as the
Group; Stock Code: 8156.HK), is pleased to announce that on
19 May 2016, the Group, through its non-wholly owned subsidiary, has entered
into the agreement with Gansu Sports Lottery Administration Centre for the
provision of out-of-home (OOH) advertising and information services
on LED display panels and an electronic coupon distribution system and physical
lottery ticket redemption services, Yao Cai, throughout lottery stores in Gansu
province under the jurisdiction of Gansu Sports Lottery Administration
The Company has been authorised to
install LED panels, our proprietary Bluetooth Low Energy (BLE)
enabled hardware and operate Yao Cai. The Agreement is the second contract
which the Group has entered into for the provision of the interactive in-store
marketing technology solution and Yao Cai services in the PRC.
Mr. Chan Ting, Executive Director
and the Chief Executive Officer of China Vanguard said, The Group is
going to provide electronic coupon distribution and physical lottery ticket
redemption services through its proprietary Yao Caisystem, which has gathered
multiple awards at the 44th International Exhibition of Inventions of Geneva,
including the Gold Award for Technology for Dissemination System of
Public Information and Advertising. We are of the view that the
innovative nature of the marketing services will transform lottery consumption
behavior that will be catalytic in increasing lottery sales while providing new
revenue streams for the Group. Hence the Group will continue to pursue further
opportunities for the provision of such services.
About China Vanguard Group
China Vanguard Group Limited was
founded in 1999, and was successfully listed on the GEM board of The Stock
Exchange of Hong Kong Limited in November 2002. As a leading lottery solutions
provider in Chinas sports and welfare lottery industry, China Vanguard
currently provides lottery equipment, software, related services and a
comprehensive lottery distribution network for Chinas Sports and Welfare
Lottery authorities located in 21 provinces and regions across China. In order
to establish a solid foundation in the lottery industry, the Group endeavour to
developed one-stop shop business model from providing lottery programs to
lottery operations while proactively expanding its market share. In 2016, the
Group entered into the Cooperation Agreement with Shenzhen Sports Lottery
Administration Centre to provide an innovative out-of home advertising and
information services solution and first electronic lottery coupon distribution
and ticket redemption service, Yao Cai to Shenzhen, which has gathered two
prestigious awards at the 2016 International Exhibition of Inventions of Geneva
on April,2016. The Group will continue to focus on high margin, interactive
lottery business throughout its expansive geographic coverage, offering
diversified distribution channels to expand the potential of lottery business;
and leveraging international cooperation with software and hardware developers
to enhance the R&D capability. The Group strives to become a leading
lottery solutions provider in China.
For further information, please
CONTACT: iPR Ogilvy LTD, Callis Lau/ Molisa Lau/ Kiki Zhang, Tel: (852) 2136
6952 / 2136 6953 / 3920 7639, Fax: (852) 3170 6606, Email:
SOURCE: China Vanguard Group
Veikkaus Game Site Offers Service to Visually Impaired
VANTAA, Finland (May 23, 2016) --
The game site of the Finnish gaming operator Veikkaus, veikkaus.fi, has been
renewed to function with a screen reading programme and keyboard shortcuts.
This way, we can offer service to customers who are blind or have impaired
Veikkaus has established principles
of accessibility design, to be taken into account in all development and
revision of the services.
Veikkaus wanted to turn its website
more accessible, with the intention of making the site easier to use. As the
web service is made technically well functioning and easy to use, all customers
can enjoy its improved usability.
The general public benefits
from the reform, since we wanted to pay special attention to, e.g.,
sufficiently large fonts and colour contrasts during the reform project. We
have also paid attention to the ease and speed of use of the site even beyond
the accessibility project, says veikkaus.fi projects Head of
Development Janne Vuorenmaa.
What we have learned during the
project has been made part of Veikkaus daily operations, which means
improved accessibility even in the future.
We wish to serve all Finns
as widely as possible. The current technology is so advanced that we have been
able to carry out the improvement, says Vuorenmaa.
A long way to complete
The revision of the veikkaus.fi site
was made in cooperation with the Finnish Federation of the Visually Impaired
and its subordinate, Annanpura.
Accurate statistics on the
subject matter are not available but almost all sites show problems of
accessibility to a varying degree. The problems may either prevent the use of
the service altogether, or they can turn it extremely hard, says
Jukka Tahvanainen, Managing Director of the Finnish Federation of the Visually
It is important that
operators make their websites accessible. This is a requirement that will be
imposed on all the operators offering public services in the future,
The Finnish Federation of the
Visually Impaired estimates that the need for accessible web services
increases, as elderly people start to use them.
The journey of veikkaus.fi towards
complete accessibility is only beginning.
For us, the biggest
challenge in terms of accessibility is the huge quantity of information that
the website contains. For example, it is essential in sports betting that the
players have access to all the information on the same page, says
Veikkaus proceeds used to
support the youth and cultural work of the visually impaired
Veikkaus funds are used to finance
the youth work carried out by the Finnish Federation of the Visually Impaired
and the activities of the Cultural Service for the Visually Impaired. During
the period between 2010 and 2014, a total of nearly 530,000 euros of
Veikkaus proceeds were channelled to the youth and cultural work by these
We have hundreds of
children and young people who take part in summer camps and club activities.
Although the funding of the Finnish Federation of the Visually Impaired comes
primarily from Finlands Slot Machine Association RAY, the support from
Veikkaus plays a significant role in our youth work, says Managing
Watch the video.
We asked multiple Paralympics
medallist Jani Kallunki to test how Lotto can be played using the screen reader
CONTACT: Riitta Nissi, Development
Manager, Communications, Veikkaus Oy, Tel. +358 40 776 1459, E:
SOURCE: Veikkaus Oy (www.veikkaus.fi).
California Attorney General Files Lawsuit Against Canada Based
Sweepstakes Gambling Software Provider Over Illegal Gambling
SACRAMENTO, California (May 20,
2016) -- Attorney General Kamala D. Harris today filed a lawsuit against Pong
Marketing & Promotions Inc., a major sweepstakes gambling software
provider, for illegal gambling in violation of state criminal and unfair
competition laws. In the suit, filed in Solano County Superior Court,
Attorney General Harris seeks injunctive relief and penalties of approximately
Pong, a company based in Canada,
provided software to sweepstakes cafes throughout California. These cafes
operate as mini-casinos, offering interactive gambling-themed games on computer
gambling devices, which they market to a predominantly vulnerable, low-income
The California Supreme Court ruled
that these machines are illegal gambling devices in violation of California
Penal Code section 330b.
Pong then abandoned its sweepstakes
model, changing its software to a purported skill-based system, retaining the
gambling devices and having players redeem cash prizes by executing the
skill of clicking a mouse to stop a moving cursor before the time
When casinos are allowed to
masquerade as cafes in our neighborhoods, it both deceives consumers and
undermines public safety, said Attorney General Harris.
Software providers who misrepresent their games as lawful must be held
accountable for their role in facilitating criminal activity. I thank our
law enforcement partners across the state for their efforts to shut down these
illegal gambling operations.
Sweepstakes gambling enterprises are
a major problem nationwide, estimated to earn over $10 billion a year. In
California, Attorney General Harris has pioneered the use of the Unfair
Competition Law to provide stronger monetary remedies against these operators.
The Attorney Generals office
works in tandem with local law enforcement agencies across California as part
of the Sweepstakes Gambling Task Force to dismantle illegal gambling
The Sweepstakes Gambling Task Force
includes the California Attorney Generals Office, Contra Costa County
District Attorney Mark A. Peterson, Fresno County District Attorney Lisa A.
Smittcamp, Kern County District Attorney Lisa S. Green, Merced County District
Attorney Larry Morse II, Riverside County District Attorney Michael A. Hestrin,
Solano County District Attorney Krishna Abrams, San Diego County District
Attorney Bonnie M. Dumanis, Sonoma County District Attorney Jill R. Ravitch,
Tulare County District Attorney Tim Ward, and Los Angeles City Attorney Mike
CONTACT: T: (415) 703-5837, E:
SOURCE: Office of Attorney
Ladbrokes/Coral Merger Clearance May Depend on Shop Sales:
From: Competition and Markets
LONDON, U.K. (May 20, 2016) -- The
CMA has provisionally found that the merger between Ladbrokes and Coral may
give rise to competition concerns in a large number of local areas.
In order to resolve these concerns,
around 350 to 400 shops may have to be sold for the merger to be conditionally
cleared, if the Competition and Markets Authoritys (CMA) final report
were to confirm its provisional findings and divestiture would be a suitable
Ladbrokes plc (Ladbrokes) and Gala
Coral Group Limited (Coral) are, respectively, the second and third largest
bookmakers in the UK by number of shops, known as licensed betting offices.
They also provide betting and gaming products online, on-course at
certain racecourses, and by telephone, as well as each operating 2 greyhound
Ladbrokes operates 2,154 betting
shops in Great Britain and 77 in Northern Ireland and Coral operates around
1,850 betting shops in Great Britain.
The group of independent panel
members investigating the merger has looked in detail at the large number of
areas where Ladbrokes and Coral shops compete. In a summary of its provisional
findings (PDF, 238KB, 11 pages) published today, the group has identified 659
local areas where it provisionally found that the merger may be expected to
result in a substantial loss of competition, which could lead to a worsening of
the offer made to customers at both a local and national level.
As well as its provisional findings,
the group has published a notice of possible remedies (PDF, 206KB, 7 pages)
which asks for views on whether divestiture would be a suitable remedy. It also
notes that, as many of the problematic local areas overlap, divestiture of a
betting shop in one local area may also remedy the concerns in other areas.
The notice also states that the CMA
is minded to require any divestiture, were that to be a suitable remedy, to be
substantially completed before the merger can go ahead. The CMA has extended
the deadline (PDF, 128KB, 1 page) for its final report by 8 weeks to 19 August
2016 (see notes to editors) in view of the scope and complexity of the
investigation which involves numerous local areas. The group, however, is
aiming to publish its final report by the end of July 2016.
SIGNAGE / DISPLAYS
PREMIUMS / PROMOTIONS
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The CMA has not found competition
problems that may be expected to arise from the merger in relation to other
parts of the 2 businesses.
Martin Cave, Inquiry Chair,
Weve provisionally found
that the merger between 2 of the largest bookmakers in the country may be
expected to reduce competition and choice for customers in a large number of
local areas. Although online betting has grown substantially in recent years,
the evidence weve seen confirms that a large number of customers still
choose to bet in shops - and many would continue to do so after the
For these customers, competition
comes from the choice of shops in their local area and its they who could
lose out from any reduction of competition and choice. Discounts and offers of
free bets to individual customers are ways betting shops respond to local
competition which could be threatened by the merger. Were also concerned
that such a widespread potential reduction in competition at the local level
could worsen those elements that are set nationally such as odds and betting
Well now consider responses
to our provisional findings before coming to a final decision. If our
provisional findings are confirmed and divestiture would be a suitable remedy,
Ladbrokes/Coral may have to sell a large number of shops to a suitable
purchaser or purchasers in order to preserve competition in those local areas.
Well need to look closely at the exact number of shops and areas that
would be involved - the overall size and complexity may mean that the sales
need to be substantially completed before the merger can go ahead.
The full provisional findings report
will be published shortly. All information relating to the investigation is
available on the investigation case page.
Anyone wishing to respond to the
provisional findings should do so in writing, by no later than 13 June 2016.
Anyone wishing to respond to the notice of possible remedies should do by 6
June 2016. Please email email@example.com or write to:
Ladbrokes/Coral merger inquiry
Competition and Markets Authority
SOURCE: Competition and Markets
Professional Development Seminar
Join us for the 2016 NASPL Professional
hosted by the
August 2-5, 2016
Robbie Bach, Innovation Expert, Former Chief Xbox
Officer for Microsoft & Author
For conference information visit:
NASPL does not provide
transportation for this event
7470 Auburn Road, LL1
Concord, OH 44077
GAMING EXPO 2016
Exhibitors at the Gaming Expo with the AGE 2016 App
SYDNEY, NSW, Australia (April 26,
2016) -- Last year, AGE
visitors were able to download an App for their mobile phone. This year at the
AGE we have updated the App with new features which will help visitors to find
exhibitors at the show and also keep the visitors abreast of news and
activities while they are at the show.
As with last year, visitors who have
installed the AGE App on any of their mobile devices will receive a welcome
message as they pass through the entry gate.
Once theyre inside the
exhibition and pass various points they will get updates to remind them about
such things as the time of the Daily Vegas Draw, entertainment and other
In addition to this, visitors can
use the App to locate any exhibitor at the show. They can search the
alphabetical exhibitor database thats included in the App and then simply
click on the stand number for an exhibitors location on the interactive
In order to get these features,
visitors must install the latest version of the AGE 2016 App.
Further details about the app are
available at the AGE web site or it can be downloaded by simply visiting the
Apple App Store or Google Play.
Tuesday 9th to Thursday 11th August
are the dates for the 2016
Australasian Gaming Expo Sydney Exhibition Centre @ Glebe Island
|Install the latest version of the AGE 2016
Featuring more than 200 exhibitors
across 17,000 square metres of exhibition space, the Australasian Gaming Expo
is easily the biggest event of its type in Australia and one of the world's
biggest. All indications are that the exhibition will again be full to capacity
with a wide range of companies showcasing the worlds best gaming and
related equipment and services
Last years Gaming Expo saw a
number of changes resulting from the move to the temporary location at Glebe
Island, all of which have been favourably received. Interstate visitors were
particularly pleased with the free Ferry travel from Darling Harbour to Glebe
Island, affording them a spectacular Sydney Harbour cruise.
Of course theres more to the
Expo than a cruise, with one visitor summing up their Gaming Expo experience in
the following words: Always interesting not just to see new products
but totally new ideas and ways of doing business..... new areas of thought into
how to trade.
In fact, our post show research
showed that 97% of the visitors saw the Expo as an opportunity to see new
products and technology.
The Gaming Technology
Associations members whose exhibition stands would sit comfortably
alongside the worlds best at any global event, will be in full force at
the Australasian Gaming Expo. The Australasian Gaming Expo is the must
NOTE: The Australasian Gaming Expo is a
trade exhibition, for management representatives of Gaming Industry
Organisations only including government, regulatory, research and support
bodies, clubs, hotels, casinos, resorts and similar Hospitality Industry
venues. Trade suppliers are not eligible to attend the event unless
The Gaming Technologies
Associations primary members are Ainsworth Game Technology, Aristocrat
Technologies, Aruze Gaming Australia, eBet Limited, IGT (Australia), Konami
Australia and Scientific Games.
For further information CONTACT:
SOURCE: Gaming Technologies