Daily news

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    William Hill has acquired betting and gaming digital solutions company Grand Parade for £13.5 million (€16 million/$17.9 million).

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    Betfred has cited the impact of increased UK gaming taxes and lower margins as the main reasons behind a significant year-on-year drop in profit during the 12 months to September 27, 2015.

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    Dermot Desmond, a prominent shareholder in Ladbrokes, has failed in his appeal against the company’s planned merger with rival operator Gala Coral.

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    Gala Coral has cited the impact of ongoing growth within its online division as one of the main reasons behind a year-on-year jump in revenue during the six months through to April 9.

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    Denmark’s betting and online casino market grew by around 30% year-on-year during the first quarter of 2016.

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    OPAP has highlighted a drop in sports betting activity as one of the main reasons behind a year-on-year decline in gross gaming revenue during the three months to March 31.

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    mybet Holding has announced that despite having suffered a year-on-year drop in sports betting revenue during the first quarter of the year, its casino and games segment was able to achieve growth.

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    Per Widerstrom, chief executive of Fortuna Entertainment, said the firm was able to deliver “strong growth” during the opening quarter of the year, after reporting increases in gross win and the amount staked by customers.

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    Fortuna Entertainment Group has cited its performances in the third and fourth quarters of the 12-month period to December 31, 2015, as key reasons behind full-year growth across the business.

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    Ian Penrose, chief executive of Sportech, said the company is planning to invest in future development after announcing a slight drop in revenue but huge growth in pre-tax profits during 2015.

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    Tatts Group has cited the impact of a record performance by its lotteries arm as one of the main reasons behind year-on-year financial growth in the first half of the 2016 financial year.

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    Tabcorp has had cited the ongoing success of its wagering and media business as one of the key reasons behind year-on-year financial growth during the first half of the year.

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    The British Horseracing Authority (BHA) has turned down a proposal from Coral to contribute a rate of 7.5% of profits for retail and remote betting activity as part of the national governing body’s authorised betting partners (ABP) scheme.

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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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