BUSINESS

LGA to set up fund; Gala Coral team up with tabloid; 888 pay approved

TAGs: 888 Holdings, Euro 2012, Gala Coral, Lotteries and Gaming Authority, Malta, shareholders

lga gala coral 888Malta’s Lotteries and Gaming Authority is on track to develop a Responsible Gaming Fund that would help fund responsible gaming advertising campaigns. Times of Malta report that finance minister Tonio French told them final details are still to be discussed by the cabinet and it’s believed that gaming industry firms will be asked to contribute towards it. French also added that there are 60 pending applications to receive a licence to operate out of the jurisdiction and Betsson will be creating another 350 jobs in Malta over the next year.

Gala Coral Group has signed a deal to become the Daily Mirror’s sole betting partner ahead of the summer’s European Championship in Poland and Ukraine. Negotiated by the7stars, the deal will start in June and is worth £500,000 with readers being offered a number of exclusive deal and incentives if they pick up a copy of the tabloid. Olly Raeburn, retail marketing director at Gala Coral added that it “will put us directly in front of eyeballs within our key target audiences”.

888 Holdings suffered no ill effects from the so-called “shareholder spring” as investors came out in support of the firm’s pay policy. The Association of British Insurers (ABI) had issued a “red top” warning ahead of the company’s AGM as there were worries 888 would be the next firm to be affected by an investor revolt. Much to everyone’s surprise 83.4 percent of shareholders backed the company’s renumeration policy with just 12.85 in opposition. There is the fact that 60 percent of the shares are linked to the company founders but this still represents a surprising result.

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