Daily news

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    William Hill has revealed it was able to perform in line with expectations during the 12 months through to 30 December, 2015, despite having suffered a slight drop in revenue.

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    Italian authorities have announced that they are to introduce new tax rules for online sports betting operators in the country, confirming that companies will now pay a 22% tax on betting revenue.

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    The British Horseracing Authority (BHA), the sport’s national governing body, has confirmed Betfair, Bet365 and 32Red as Authorised Betting Partners (ABP).

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    Antonios Kerastaris, chief executive of Intralot, has revealed that the gaming systems company was able to reach a number of financial expectations during the three months through to September 30.

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    Paddy Power has revealed that despite having been hit by unfavourable sports results during the period from July 1 through to November 15, this was offset by “strong” underlying growth across the business.

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    Australian gambling companies Tabcorp and Tatts Group have confirmed that they have been unable to reach an agreement over a possible merger deal.

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    Fortuna Entertainment has cited the impact of growth within its mobile and online betting businesses as the main drivers behind a year-on-year increase in revenue during the nine months through to the end of September.

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    The Czech Republic looks set to raise tax on gambling winnings after lawmakers in the country’s lower house gave their initial approval to a bill that would allow for an increase.

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    Fortuna Entertainment has cited a strong demand for its online sports betting services as one of the main reasons behind a year-on-year increase in gross win during the first half of 2015.

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    Kamil Ziegler, chief executive of OPAP, has said the Greek gambling company was able to achieve “core business growth” in the six months through to June 30 after posting a year-on-year increase across key financials.

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    Paddy Power and Betfair have agreed a deal in principle to merge and form a new combined company.

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    Gala Coral revealed that despite having had to contend with additional tax and regulatory costs during the 12-week period through to July 4, the operator was able to post year-on-year growth across key financials.

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    Antonios Kerastaris, chief executive of Intralot, has said a “strong” performance by the firm during the second quarter of the year allowed it to post increased revenue during the six months through to June 30.

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    Australian gambling company Tabcorp has cited the impact of its multi-channel distribution strategy and a continued focus on customers, product and brands as the main reasons behind widespread year-on-year growth across key indicators during the 2015 financial year.

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    William Hill recorded “good operational performance” by expanding into lotteries through NeoGames, but UK PoC and increased duty on machines hit profits.

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    GBI Racing, which broadcasts British and Irish racing to betting shops and online operators in over 40 countries, has revealed that its services generated a record level of turnover during the six months through to June 30.

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    Italian operator SNAI has revealed that it has entered into an agreement to finalise its previously announced merger with rival Cogemat, while also confirming Giorgio Sandi is to stand down as its chief executive and chairman.

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    Independent UK bookmaker Star Sports has moved to strengthen its presence in the UK by acquiring a network of 18 land-based racecourse pitches from online casino and sportsbook operator BetVictor.

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    James Zenni, chief executive of private investment firm Z Capital Partners, has urged Affinity Gaming to sell off all or parts of its business if the US land-based and online sportsbook is to remain successful.

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    Nigel Northridge is to stand down as chairman of Irish bookmaker Paddy Power at the end of next month.

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