Daily news

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    Caesars Entertainment has completed the sale of its Harrah’s Reno Hotel and Casino property in Nevada to an affiliate of real estate development business CAI Investments.

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    Confirmation of the terms of the transition period for online gaming in Germany has been welcomed by the industry, though concerns about the short timescale for operators to ensure they are compliant with the legislation have already been raised.

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    Casinos Austria’s supervisory board has finalised its major restructuring plan that management believes necessary to secure the business’ future, while Robert Chvátal, chief executive of its majority shareholder Sakza Group, has been named chairman of the board.

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    Bragg Gaming Group has announced that Richard Carter, former chief executive of SBTech has joined its board as non-executive chair, while the business has agreed an amendment to the earn-out agreement signed when it acquired Oryx Gaming.

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    Affiliate marketing giant Better Collective has completed the acquisition of Atemi Group in a deal worth £40m (€44.1m/$51.8m).

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    Denmark’s Gaming Authority (Spillemyndigheden) has announced that Anders Dorph is to become its new director, with effect from 1 November.

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    Finnish state-owned gambling operator Veikkaus is to introduce mandatory identity verification for some of its slot machines from October this year, ahead of a full roll-out of the controls across its network from January 2021.

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    Casino operator Penn National Gaming (PNG) has raised $982.1m through a public offering of shares, with the proceeds to be used to fund its online betting and gaming expansion plans.

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    Global Gaming’s independent bid committee, formed to evaluate Enlabs’ SEK150m bid to acquire all remaining shares in the Ninja Casino operator, has unanimously recommended its shareholders accept the proposal.

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    Gaming Innovation Group (GiG) and Hard Rock International have agreed to a mutual termination of their platform and sportsbook services arrangement.

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    888 Holdings saw revenue grow 36.7% year-on-year in the first half of the year, thanks to strong growth across its gaming products and declines in sports betting’s contribution kept to a minimum.

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    US gambling giant Caesars Entertainment Inc. has agreed terms on a deal for its Caesars UK Holdings subsidiary to acquire the entire William Hill business for approximately £2.9bn (€3.17bn/$3.72bn).

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    Australian sportsbook gambling operator PointsBet has announced that its president of product and technology Manjit Gombra Singh is to replace Nicholas Fahey as an executive director on its board.

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    Responsible gambling charity GamCare has launched a new toolkit to help UK financial institutions, gambling businesses and debt advice agencies identify and support customers experiencing gambling-related financial harms.

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    Chinese lottery provider 500.com has appointed accountancy firm MaloneBailey to provide support and advice on matters related to a case of alleged unlawful payments within the business after its previous auditor resigned amid a management dispute.

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    The Finnish Competition and Consumer Authority (KKV) has ruled gambling monopoly Veikkaus breached the country’s Procurement Act by making substantial changes to its supply contract with International Game Technology (IGT).

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    The number of employees at Pennsylvania casinos collapsed by 38.9% to 9,883 as of 30 June, 2020, despite all but one casino in the state having reopened after the impact of the novel coronavirus (Covid-19) pandemic, according to the state’s 2019/20 casino diversity report.

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    Scientific Games has appointed Tim Throsby, former chief executive of Barclays Bank, as an independent director and member of its board.

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    Marnell Gaming-owned Nugget Casino Resort in Reno, Nevada, has announced that it is to permanently lay off 154 of its employees.

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    US gaming giant Caesars Entertainment Inc. has set out further details of its possible cash offer for William Hill, saying that it is set to make a bid worth £2.9bn (€3.29bn/$3.71bn) for the bookmaker.

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