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    Struggles in the South American markets Argentina and Panama, as well as struggles in its native Spain, have seen Codere report a year-on-year increase in net loss for the third quarter of the year. 

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    White label and gaming content provider Nektan has announced plans to raise £3.0m in working capital, as well as restructuring existing loan agreements, warning the business requires new funding to continue as a going concern.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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    Czech gaming and lottery giant Sazka Group has put forward an offer of €2.06bn (£1.85bn/$2.31bn) to gain full control of Greek gaming operator OPAP.

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    GVC Holdings has fended off a shareholder revolt over executive pay, with a small majority of shareholders backing the company’s 2018 remuneration report.

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    Bragg Gaming Group, the Toronto-listed operator and supplier formed through the acquisitions of sports news portal GiveMeSport and igaming software developer Oryx Gaming, has reported revenue of CAD$10.4m in its first set of quarterly results.

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    Payment processing solutions provider Nuvei Corporation has reached an agreement on the terms of an all-cash deal to acquire payment technology business SafeCharge International.

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    International Game Technology (IGT) has reported a 5% year-on-year decline in group revenue for the first quarter of 2019, a result of lower revenue from gaming operations.

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    Playtech is searching for a new chairman to replace Alan Jackson, who will leave the business, the company announced today at its annual general meeting.

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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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    Venture capital fund Vereeni Investments has acquired a “significant” stake in Flax Innovations. Vereeni has made an initial “six-figure investment” in return for an equity stake in the Swedish company.

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    French betting operator France Pari Group has cited the success of B2B arm Sportnco as the main driver behind a year-on-year increase in both revenue and earnings during the first quarter of 2019.

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    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.

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    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.

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    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.

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    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.

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    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).

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    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.

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