Tabcorp Limited has ditched its plans to split its casino business to make it more attractive to takeover bids because it fears the high cost of debt will prevent a competitive auction, according to a report in the Herald Sun newspaper.

William Hill has withdrawn from Italy after 18 months, writing off £1m and agreeing to sell its embryonic joint venture. The move comes six months after the bookmaker was forced to write off £26m as it ditched an in-house betting software development programme.

Renowned City financier Michael Spencer is sitting on a £6m paper loss after his latest horse-racing venture appeared to fall at the first hurdle.

TurfTrax Plc. said it has decided to close its UK tracking division, the betting services division and reduce central overhead costs of the business.

UK bookmaker William Hill Plc. and Grupo Codere S.A. said they have sold their Italian joint venture company William Hill Codere Italia S.r.l. (WHCI) to Intralot Italia S.p.A. for 5.5 million euros.

Greek lottery system supplier Intralot INLr.AT bought Italian group William Hill Codere (WHCI) as part of plans to strengthen its position in the Italian market, it said in a statement on Wednesday.

London Capital Group Holdings Plc. said it expects its first-half pretax profit to be about 50 percent ahead of last year and significantly ahead of its original expectations, as it has continued to deliver a strong performance.

I'm up $178.60 on this election. Sure, $100 of that is because I bet my mom that Barack Obama would beat Hillary Clinton, and $50 was because I bet her that John Edwards would drop out before Super Tuesday. The other $28.60? It was made at the websites InTrade and Iowa Electronics Markets.

UBS has begun coverage on UK bookmakers William Hill and Ladbrokes with respective ‘buy’ and ‘sell’ ratings.

PartyGaming Plc. said it will launch PartyMarkets.com, a platform for financial spread-betting and contracts for difference (CFDs), through an exclusive alliance with City Index Group.

More than 1,000 people have been arrested in Thailand for gambling on Euro 2008 football matches, with nearly one million baht (S$40,719) in cash seized, police said on Tuesday.

In my opinion piece the other day What If No One Pays? I suggested a number of reasons why corporate bookmakers would object to paying the proposed 1.5% fee for the use of New South Wales race fields.

Britain named gambling industry veteran Mike Smith chairman of the Tote on Monday as it seeks a buyer for the state-owned bookmaker.

A poker player has taken a Manx-based online gaming giant to court – claiming she is owed $1.228 million in winnings.

Betfair has built an in-house transaction processing and event platform, which it says has the capability of processing up to one million transactions per second, a 100-fold increase on previous rates.

Bookmaker Neville Porter has sold its remaining oncourse betting pitches in its battle out of administration.

Tabcorp has welcomed the approval of the NSW race fields legislation that will ensure appropriate product fees are paid to the NSW racing industry by wagering operators.

Corporate bookmakers are mustering to mount a legal challenge to the controversial race fields legislation passed in NSW last week.

I like to think I know a thing or two about gambling.

The United States moved no closer to unequivocally defining "unlawful Internet gambling" as an amended bill requiring regulators to draft such a definition was defeated by the narrowest of margins Wednesday.