Daily news

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    Rank Group has reported an 8% year-on-year increase in gross gaming revenue for the three months to 30 September 2019, after it was boosted by growth in its digital arm and Grosvenor Casino land-based business.

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    Codere has launched an investigation into inconsistencies in the financial reports of some of its Latin American subsidiaries for the first half of the year, which the operator has warned may reduce its full-year earnings by up to €20m. 

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    Problem gambling funding body GambleAware has appointed Peter Holt as its new chief financial officer. Holt most recently worked for Health Education England and also spent time with the NHS.

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    Norway’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) has removed 211 voluntary organisations from its register of operators approved to operate lottery and bingo games for charitable purposes after they failed to meet a deadline to report their accounts.

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    Rank Group, the parent company of Mecca Bingo and Grosvenor Casinos, has finalised its acquisition of online casino and bingo operator Stride Gaming. Stride Shares will cease trading on AIM at 7.00am on October 7.

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    Rank Group has taken a step closer to completing its acquisition of online casino and bingo operator Stride Gaming after a court sanctioned the agreement. Rank has agreed to pay £115.3m to purchase Stride’s entire fully diluted share capital.

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    International Game Technology (IGT) has signed an agreement to provide Finnish state-owned gaming operator Veikkaus with its PlayBingo platform.

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    888 Holdings has put a significant year-on-year decline in profit before tax in the first half down to higher spending, although the online gambling operator was able to post an increase in revenue for the period.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    Norway’s Ministry of Finance has given its backing to a proposal from Lotteritilsynet, the national lottery authority, to make lottery and organisers of bingo tournament exempt from new anti-money laundering regulations.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

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    Online bingo and casino operator JPJ Group has reported a 14% year-on-year increase in revenue during the first half, with the strong organic growth of its Vera&John business offsetting a decline in revenue from the Jackpotjoy division.

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    Portugal’s regulated online gambling market has broken its revenue record for the second consecutive quarter, with licenced operators generating a collective total of €48.3m (£44.0m/$53.3m) in the three months to June 30.

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    Online gaming software provider Pragmatic Play has secured a new Recognition Notice from the Malta Gaming Authority (MGA), enabling it to extend its service offering.

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    Land-based operator Casino 36 has agreed a £300,000 penalty package with the GB Gambling Commission for money laundering and social responsibility failures, the regulator has announced.

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    Norwegian state-owned gambling operator Norsk Tipping has again tightened its responsible gambling controls, with players now shown an overview of their playing habits when they log into their online accounts.

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    The Remote Gambling Association (RGA) and Association of British Bookmakers (ABB) are to be wound up and replaced by the Betting and Gaming Council, a new UK-facing operator body that aims to act as the industry’s mouthpiece. British Beer & Pub Association chief executive Brigid Simmonds will lead the new body.

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    The Argentine capital province of Buenos Aires has launched the process to select seven online gaming licensees, with 14 operators competing for certification in the market.

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    Gaming platform and services provider Nektan has rolled out a new mobile-first bingo product across its network of white label casino sites.

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