Daily news

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    Online gaming revenue generated by operators across the European Union (EU) in 2018 amounted to €22.2bn (£18.7bn/$24.6bn), with the market expected to grow to almost €30bn by 2022.

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    Czech gaming and lottery giant Sazka Group has put forward an offer of €2.06bn (£1.85bn/$2.31bn) to gain full control of Greek gaming operator OPAP.

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    Codere has again cited the devaluation of the Argentine Peso as the main reason behind a year-on-year decline in revenue during the first quarter, despite seeing growth across its Mexican, Italian, Spanish and online operations.

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    London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period.

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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 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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    Suggested Remote Gaming Duty rise would increase burden despite FOBT changes

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    Fortuna Entertainment Group has cited the impact of its ongoing growth strategy as the main reason behind financial success in the first quarter

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    Fortuna Entertainment has paid tribute to its ongoing investment strategy after reporting year-on-year growth across key financials in 2017

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    Fortbet Holdings, the majority shareholder in Fortuna Entertainment Group, is to launch a takeover offer for the company

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    Fortuna Entertainment has said the performance of its online businesses helped drive growth across key financials in the nine months to September 30

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    Fortuna Entertainment has cited “solid performances” in traditional markets, as well as the recent acquisition of Hattrick Sports Group, as among the key reasons behind year-on-year financial growth in the first half.

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    Åland-based gambling company Paf has said that despite posting record revenue in 2016, it suffered a decline in profit.

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    Per Widerström, chief executive and chairman of Fortuna Entertainment, has paid tribute to the company’s performance in 2016, after preliminary results showed double-digit growth in customer stakes.

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    NetEnt has announced that its full year sales for 2016 increased by 28.5% to a record SEK1.5 billion (€153.7 million/£130.8 million) and said the UK became its biggest regional market for the first time in December.

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    Fortuna Entertainment has reported “strong growth” in the opening nine months of the year, despite being hit by an increase in betting tax in the Czech Republic.

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    Interwetten has highlighted growth across its sports betting and casino and games businesses as revenue increased year-on-year in the three months through to September 30.

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    Fortuna Entertainment has cited the impact of its growing online sports betting business as the main reason behind a “robust performance” in the six months to June 30.

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