Daily news

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    Aspire Global has struck a deal to acquire sportsbook technology provider BtoBet for €20m (£18.3m/$23.6m), allowing the supplier to extend its business into the sports betting vertical.

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    Scientific Games has announced that investor Ron Perelman will sell a 34.9% stake in the supplier for more than $900m to a group of institutional investors.

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    Betting technology supplier Sportech's losses widened five-fold in the first half of 2020 as the impact of the novel coronavirus (Covid-19) led to a 38.7% drop in revenue to £20.2m (€22.2m/$26.3m).

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    Toronto-listed gaming content supplier Bragg Gaming Group saw revenue grow 74.2% year-on-year  in the first half of its fiscal year, aided by its second quarter contribution doubling as demand for online casino rose under lockdown.

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    Gaming technology provider GAN saw the migration of US players to igaming almost double its second quarter revenue, helping the supplier to a 16.2% year-on-year increase in revenue for the first half of the year.

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    Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period.

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    Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.

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    Alibaba Group-owned lottery equipment supplier AGTech’s revenue for the first six months of 2020 came to HKD$43.9m (£4.3m/€4.8m/USD$5.7m), down 8.0% year-on-year, though the business reduced its losses for the period by 12.1%.

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    Gaming technology supplier AGS’s revenue fell 77.5% to $16.8m as its losses increased almost six-fold for the three months ending 30 June.

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    Japan’s Universal Entertainment Corporation has reported 24.9% year-on-year rise in sales for the first half of the year, with a significant rise in pachinko and pachislot machine sales offsetting a decline from its Philiippines integrated resort.

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    Gaming technology and payment solutions provider Everi Holdings says its business is showing signs of recovery in the early weeks of the third quarter, after seeing revenue plummet and losses mount in the first half of the year.

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    GambleAware has urged the government, financial institutions and regulators to ensure all consumers have the ability to block gambling transactions, after a new study estimated that 28m personal bank accounts in the UK do not yet have access to this functionality.

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    Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.

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    Global mobile payment and mobile identity company, Boku, has conditionally agreed to the acquisition of Estonia-based Fortumo Holdings and its subsidiaries in a deal with a maximum value of $41 million.

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    Slots and payment solutions provider Everi Holdings has blamed first quarter losses of $15.4m (£12.2m/€13.8m) a decline in revenue resulting from the novel coronavirus (Covid-19) pandemic, and efforts to pay down net debt in the period.

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    International Game Technology (IGT)’s revenue declined 17.9% to $940.2m in the first quarter of 2020, while a $296m impairment charge related to the effects of the novel coronavirus (Covid-19) saw the supplier post a loss for the period.

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    A 40-day suspension Chinese lottery sales due to novel coronavirus (Covid-19) meant AGTech’s first quarter revenue declined 32.2% to HKD$13.7m (£1.4m/€1.7m/$1.8m).

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    Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.

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    SBTech revenue grew year-on-year in 2019, but increased headcount and exits from dot.com markets led to much lower profit, a prospectus for the supplier's merger with DraftKings revealed.

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    Atemi has set an increased revenue target for 2020 after it posted better-than-expected results for 2019, while the online gaming affiliate has also launched a new flagship comparison site in the UK and US.

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