Daily news

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    Gaming platform and services provider Nektan has reported a 5.9% year-on-year increase in revenue for the third quarter of its financial year, though noted that performance in the period was impacted by a number of factors.

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    Digital performance marketing solutions provider XLMedia has reported a 14.4% decrease in revenue for 2018, which it attributed to a number of regulatory issues impacting performance over the year.

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    International Game Technology (IGT) has reported a 2.2% year-on-year decline in revenue for 2018, though a reduction in operating costs and foreign exchange gains helped the supplier cut its full-year loss to $21m (£16.0m/€18.7m).

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    William Hill reaffirmed its goal of doubling profits by 2023, despite reporting a £721m loss for 2018. Its strategy, first outlined at its capital markets day in November last year, is centred around three areas: driving digital growth in the UK and internationally; growing a business of scale in the US; and remodelling UK retail.

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    William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    Kindred Group, the owner of Unibet, has reported a 20.8% rise in revenue for 2018, driven in part by a record fourth quarter and an all-time high in active customers for the period. However the operator saw increased costs in Q4 hit its bottom line, with profit for the quarter down 22.6% year-on-year.

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    The Malta Gaming Authority (MGA) has become the second international regulator to throw its weight behind the All-in Diversity Project

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    Paddy Power Betfair has acquired an initial 51% stake in Georgian online sports and betting operator Adjarabet for €101m.

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    Ex-Betsson executive has been hired as company investigates opportunities in Europe

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    H2 Gambling Capital and iGaming Business are pleased to bring you the July 2018 Mobile Dashboard

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    Updated to include IMF GDP forecasts, extension of date range to 2023 and US sports betting

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    Gaming Laboratories International (GLI) has appointed Alexander Haberl as its regulatory development manager

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    H2 Gambling Capital and iGaming Business are pleased to bring you the May 2018 Mobile Dashboard

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    H2 Gambling Capital and iGaming Business are pleased to bring you the May 2018 iGaming Dashboard

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    H2 Gambling Capital and iGaming Business are pleased to bring you the April 2018 iGaming Dashboard

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    Private equity firm Novalpina Capital has revealed plans to make a voluntary takeover offer for all the outstanding shares of Olympic Entertainment Group (OEG)

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    GVC Holdings has agreed a deal to acquire a 51% stake in Mars LLC (Crystalbet) for a consideration of €41.3m ($50.8m)

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    Mr Green has today launched a new 3D virtual live casino offering, which uses blue screen technology to simulate a real-life casino experience.

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