Daily news

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    Paddy Power Betfair has completed its rebrand as Flutter Entertainment, after shareholders overwhelmingly backed the name change earlier this month.

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    Swedish gambling operator Svenska Spel has appointed Carolina Swaffer to the new role of head of agents, customer service and partner services. Swaffer will join from postal service PostNord Sverige on June 1.

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    European regulatory authority Gaming Regulators European Forum (GREF) has appointed Jorn Starck, executive director of the Alderney Gambling Control Commission, as its new chairman.

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    Denmark’s regulated online gaming market has reported a 4.5% year-on-year increase in revenue for the first quarter of 2019, with growth in the online casino and sports betting verticals offsetting land-based declines.

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    The Danish delegation to the Council of Europe has called upon European Union member states to address contentious elements of the Convention on the Manipulation of Sports Competitions to ensure it can be implemented across the bloc.

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    Irish Minister of State David Stanton has revealed that work on developing a new framework for regulating gambling in the country, including the establishment of a new authority to oversee and implement the legislation, will take up to 18 months.

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    The Council of Europe’s (CoE) Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, is finally set to enter into force from September 1, though concerns remain over its definition of illegal sports betting.

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    Åland Islands-based operator Paf has cited the introduction of mandatory customer loss limits for its online gaming services as the main reason behind a year-on-year decline in revenue and profit for 2018.

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    UK racecourse operator Arena Racing Company (ARC) has acquired a 45% holding in i-neda, a supplier providing pari-mutuel wagering technology to operators in the US, Europe and Asia.

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    Danish regulator Spillemyndigheden has established a new whistleblower scheme allowing employees of gambling operators to report evidence or suspicions of wrongdoing in relation to money laundering laws.

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    Shareholders in Paddy Power Betfair have overwhelmingly voted to back plans to rebrand the gambling operator as Flutter Entertainment. Votes were cast at the group’s AGM, with 99.76% of shareholders supporting the proposal.

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    William Hill has reported a 2% increase in revenue for the first 17 weeks of the year, despite suffering a like-for-like drop in revenue for its online arm and a decline in its retail business.

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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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    Inspired Entertainment has reported a 10.1% decline in revenue for the first quarter of 2019, the result of a dip in the performance of its server-based gaming (SBG) division.

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    Private equity group Blackstone has committed to a £175m (€202.7m/$227.5m) strategic minority investment in Romanian omni-channel sports betting and gaming operator Superbet.

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    Genius Sports Group has finalised a major betting data partnership with Football DataCo, giving the supplier exclusive rights to collect, license and distribute live data from the UK’s leading football competitions, including the Premier League.

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    The sports betting legislation enacted by the Washington DC Council in January has now formally passed into law, following a 60-day congressional review.

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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    Andy Hornby is to step down from his role as co-chief operating officer of GVC Holdings to become chief executive of The Restaurant Group. Hornby will have an annual base wage of £630,000 at the group.

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    Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.

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