Daily news

daily_news
24 April 2019
Kindred earnings hit by Swedish regulation in Q1
Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.
daily_news
5 April 2019
Nektan expects Q4 improvement after Q3 struggles
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.
daily_news
4 April 2019
888 Casino-Microgaming partnership set for UK launch
888 Casino has struck a partnership with online gaming content provider Microgaming, with the product roll-out set to commence in the UK.
daily_news
29 March 2019
iGB Diary: Rent cuts, Sweden's trials and Déjà vu Down Under
Happy Friday igamers! This week we take a leaf out of William Hill's books, hear why operators are disgruntled about Sweden and ponder the prospects of another lottery innovator Down Under
daily_news
26 March 2019
Regulatory headwinds hits XLMedia revenue and profit in 2018
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.
daily_news
21 March 2019
Sportech revenue declines after challenging 2018
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.
daily_news
18 March 2019
EGBA calls for common iGaming rulebook in EU
Industry trade group the European Gaming and Betting Association (EGBA) has urged the European Union (EU) to introduce a ‘common rulebook’ of iGaming regulations in order to better protect consumers across the continent.
daily_news
14 March 2019
Bede secures European Lotteries Association membership
Online gaming software supplier Bede Gaming has been accepted as an associate member of the European Lotteries Association.
daily_news
8 March 2019
iGB Diary
This week we dig deep into the real and fictional pasts of those in the news of late, applaud a politician who can see past the lottery monopoly agenda and consider the FT’s message of doom for the industry
daily_news
7 March 2019
IGT reduces losses in 2018
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).
daily_news
5 March 2019
GVC hails transformational year as revenue reaches £3bn
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.
daily_news
1 March 2019
William Hill recommits to doubling profits by 2023
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.
daily_news
1 March 2019
William Hill swings to £721m loss after retail write-down
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.
daily_news
21 February 2019
B2C operations mask B2B declines for Playtech in 2018
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.
daily_news
19 February 2019
EGBA backs EU's new AI strategy to limit problem gambling
Gaming operators believe a new European Union (EU) coordinated plan for the development of artificial intelligence (AI) systems could play a major role in improving in problem gambling services.
daily_news
13 February 2019
888 names Andrew Anthony as responsible gaming director
London-listed 888 Holdings has promoted Andrew Anthony, a 15-year veteran of the operator's finance department, to lead player protection efforts as its new responsible gaming director.
daily_news
13 February 2019
Record customer numbers boost Kindred in 2018
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.
daily_news
6 February 2019
Malta regulator joins forces with All-In Diversity Project
The Malta Gaming Authority (MGA) has become the second international regulator to throw its weight behind the All-in Diversity Project
daily_news
1 February 2019
Paddy Power Betfair takes majority stake in Adjarabet
Paddy Power Betfair has acquired an initial 51% stake in Georgian online sports and betting operator Adjarabet for €101m.
daily_news
23 January 2019
Superbet hires Shaw to lead online operations
Former Paddy Power Betfair executive Adam Shaw has been unveiled as the new managing director of international online operations at Superbet.

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