Latest News
Racecourse Media Group Chairman Roger Lewis extends term until October 2023
Racecourse Media Group (RMG) has announced that its Chairman, Roger Lewis, has extended his post until October 2023 in order to assist RMG transition to a new Chair.
Roger Lewis has been on the RMG Board for over 10 years during which time RMG has increased its licence fees and dividend payments to its racecourses from £45m to over £110m .
He joined the RMG Board in 2012 and was appointed Non-Executive Independent Chairman on January 1, 2019. He was due to step down in 2022 but has been asked by the Board to extend his tenure. A new Chair will be appointed in 2023.
Lewis, said: “RMG is in great shape, and it is an honour to be asked to continue to Chair the company. We have a strong board and an outstanding team of executives, led by CEO, Martin Stevenson, who together have delivered in spectacular fashion for our racecourses and indeed for the sport of racing.
“We are on track to exceed our record results of last year and we pay tribute to everyone in racing, and give thanks to our racecourses, for allowing RMG to manage their media and data rights across the world.”
Under Roger Lewis’s leadership RMG paid £110m to its racecourse shareholders in 2021. Those payments, earned through racecourses’ media and data rights, exceeded pre-Covid levels.
In the same year, RMG agreed British racecourse licence extensions for audio-visual and data rights for a new five-year term until December 31, 2028.
RMG has also been entrusted with significant broadcast rights of Irish racing since 2019, when Racing UK relaunched as Racing TV, with the strapline of “The best of British and Irish racing.”
RMG is 100% owned by its racecourse shareholders and pays 100% of operating profit back to racecourses, which, in turn, benefits the sport. This collective and collaborative approach has enabled RMG’s businesses to become the biggest single funder of British horseracing.
On the back of that approach and with long-term certainty and confidence in the business, media rights and data revenues are, this year, tracking to exceed 2021’s payments to shareholders.
Nevin Truesdale, CEO of Jockey Club Racecourses, chief shareholder in RMG, said: “I would like to pay tribute to Roger Lewis for a very effective and successful stewardship of RMG, a business which is of fundamental importance to the financial performance of racecourses and therefore to the whole sport of horseracing.
“Under Roger’s leadership, we have faced a number of challenges, in particular during the Covid pandemic, where the robustness of the RMG model was critical to maintaining racecourse financial stability in the absence of other revenue streams for a sustained period. Roger’s influence in establishing long-term deals with key commercial betting and broadcast partners during his tenure has also been hugely positive. On behalf of everyone at the Jockey Club, I would like to thank Roger for all he has done for the business.”
Martin Stevenson, CEO of RMG, added: “We are delighted Roger Lewis has agreed to stay on for almost another year. Roger has been instrumental in the development and success of RMG over the last decade and I very much look forward to continuing to work closely with Roger and the Board as we continue to invest and develop our media assets and new products. Innovations, such as enhancements on the channel – headlined by the virtual ‘green screen’ studio – the Watch & Bet product, ultra-low latency pictures, the investment in on-screen timing data graphics, and capturing the in-play opportunities are all key to the business’s continued success.
“These workstreams, allied to growing our social media audience, securing increased ITV coverage and enhancing international exposure and revenues, will contribute to directing more eyeballs on to our racing and therefore will drive betting turnover, subscriptions, and sponsorship opportunities for the sport. RMG is one the most successful sporting and media rights companies in Britain and Ireland and I look forward to working with Roger in 2023 to take RMG to even greater heights.”
Roger Lewis has held senior positions at the BBC, ITV, Classic FM, EMI and Decca and was GCEO of the Welsh Rugby Union and the Millennium Stadium for nine years. He has held and holds a number of senior positions in the cultural sector for the UK and Welsh Governments.
Gambling in the USA
Gaming Americas Weekly Roundup – April 15-21
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
Latest News
Caesars Entertainment announced that the Caesars Sportsbook Mississippi app is accepting mobile sports bets at Harrah’s Gulf Coast in Biloxi, Mississippi. Sports fans 21 and older who are interested in wagering on sports via mobile devices can download the Caesars Sportsbook Mississippi app to register and deposit statewide but must be physically present on-property at Harrah’s Gulf Coast to wager.
The Office of Lottery and Gaming (OLG) has announced that FanDuel’s sports betting app and website has officially launched. This development will introduce FanDuel’s sports wagering platform to District residents and visitors, completely replacing the current GambetDC sports betting app and website.
eCOGRA has been officially authorised by the Secretaria De Prêmios e Apostas (SPA) to operate as a certifying entity for betting systems, live gaming studios and online games in Brazil. This announcement marks a significant milestone as eCOGRA continues to extend its international offering of iGaming testing, inspection and certification (TIC) services in regulated markets across the globe.
Jennifer Shatley, a recognised expert in the field and a highly sought speaker and advisor, has joined the Responsible Online Gaming Association (ROGA) as Executive Director. Shatley has had 25+ years worth of experience, working closely with the treatment community, academics, researchers, government bodies, state councils and gaming industry representatives to promote responsible gaming.
Odditt, a leading provider of innovative sports betting data, tools and analytics, has appointed Elaine Milardo as its new Chief Technology Officer (CTO). With over 25 years of experience in the data industry and key roles at DraftKings and Vistaprint, Elaine brings a wealth of expertise to Odditt’s growing team.
Partnerships
Trustly, the global leader in Open Banking Payments, and Light & Wonder, the leading cross-platform global games company, are bringing cashless, in-person deposits to casino floors with Light & Wonder’s cashless solution, RAPIDPLAY. Building on Trustly’s success with guaranteed payments in online sports betting and iGaming, Trustly will deliver the same seamless, quick and secure online payment experience to the physical casino floor.
Fintech company Sightline has entered into an exclusive partnership with compliance and anti-fraud technology solutions leader GeoComply to bolster the security and efficiency of digital transactions within the regulated gaming industry. Sightline will integrate GeoComply’s cutting-edge IDComply identity verification solution as well as GeoComply’s compliance-grade geolocation tools across its comprehensive suite of digital payment solutions for land-based casinos and online gaming operators.
BetMGM has announced a partnership with GameCode, a distinguished iGaming company focused on the North American market. The partnership includes the launch of Boom Boom Boom, HammerCash, Gold Gold Gold and Super3 series which are now live at BetMGM in Michigan and New Jersey through direct integration. BetMGM plans to offer GameCode’s full portfolio of games in all jurisdictions where the operator’s iGaming platform is live pending regulatory approvals.
SCCG Management has announced a joint venture investment with Numb3rs, an innovative all-in-one payment solution provider built for gaming operators. The partnership aims to transform the gaming sector by integrating Numb3rs’ proprietary tech stack, ECRYPT, into the marketplace, thereby offering a comprehensive suite of payment processing solutions.
The post Gaming Americas Weekly Roundup – April 15-21 appeared first on European Gaming Industry News.
Cryptocurrency
Payhound empowers LSports with a seamless solution to receive payments
Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.
As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.
Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.
Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”
Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”
Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.
The post Payhound empowers LSports with a seamless solution to receive payments appeared first on European Gaming Industry News.
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