Daily news

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    New GVC Holdings chief executive Shay Segev has set out four key priorities that he believes can drive “significant growth” for the business, add value for stakeholders and entrench responsibility in everything it does.

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    The Young Gamers and Gamblers Education Trust (YGAM) has joined forces with Unison on a new initiative to provide members of the UK trade union with expert training on gambling and related harms.

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    GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.

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    Alot Solutions, the B2B division of lottery betting giant Lottoland, has appointed Geaspar Byrne as its new chief financial officer.

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    The enlarged Gamesys Group has seen reported gaming revenue double year-on-year in the six months to 30 June, aided by record revenue from Asia.

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    Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.

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    South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.

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    Ninja Casino operator Global Gaming has given its approval to a number of new appointments to its board of directors, following a proposal put forward by Baltic-facing operator Enlabs.

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    Baltic-facing operator Enlabs has put forward a number of proposed individuals to be appointed to a new board of directors at Global Gaming, in relation to its recent acquisition of a larger stake in the Ninja Casino operator.

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    Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.

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    William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.

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    The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.

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    Swedish online gambling developer Gaming Corps has appointed Mats Lundin, formerly of iSoftBet and Play’n Go, as its new chief commercial officer.

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    Nasdaq First North-listed igaming supplier Spiffbet has agreed a deal to acquire Goliath Holding, the parent company of online casino brand Goliath Casino.

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    Esports Entertainment Group has completed the acquisition of online betting and gaming operator Argyll Entertainment and its operating subsidiaries for an undisclosed amount.

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    The iGB Live! and iGB Affiliate Amsterdam shows have been postponed to 2021, amid ongoing uncertainty caused by new travel restrictions related to the ongoing novel coronavirus (Covid-19) pandemic.

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    GVC Holdings’ board of directors has attacked press speculation linking an investigation into its former Turkish business to the scandal surrounding stricken payment provider Wirecard.

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    Esports betting operator Luckbox expects to receive final approval for its listing on Toronto’s TSX Venture Exchange (TSXV) by October, and has set out an expansion roadmap that will see it grow its management team and launch a B2B arm.

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    Superbet Group has acquired a 60% stake in online casino operator Lucky 7, in a deal the Central and Eastern European betting and gaming business said would help to diversify its operations.

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    B2B marketing platform provider BlueRibbon Software has appointed Rafi Ashkenazi, former chief executive of The Stars Group, as a strategic advisor to the business.

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