Atlantic Lottery reported a net profit of CAD$422.2m, up 0.7% year-on-year and ahead of the company’s target of CAD$419.4m for the fiscal year ending 31 March, 2019, thanks to a high level of rollover MaxMillions jackpots.
The average number of people frequently gambling in Switzerland fell again in 2017, with research commissioned by the Inter-Cantonal Lotteries and Betting Commission and the Eidgenössische Spielbankenkommission showing just 16.4% of respondents gambled at least once a month.
Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling.
Malta-based online gaming operator Casumo has been reprimanded by the UK Advertising Standards Authority (ASA) for a Google sponsored search result that appeared when a user searched “how to unsubscribe from all gambling.”
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.
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.
The British Gambling Commission has issued advice for licensees leaving the market, a little over six months after Irish sports betting operator BetBright’s closure left customers in limbo as to the status of their bets.
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.
Board members at Flutter and The Stars Group further outlined the details of the synergies from the companies’ mega-merger, while also assuring stakeholders that the deal would pass any competition-related hurdles.
Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act.
Inspired Entertainment has completed its purchase of Gaming Technology Group (NTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary. The deal is worth $120m (£97.8m/€109.9m) and covers the six companies within NTG.