Daily news

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    PointsBet has signed a five-year deal to become a betting, gaming and fantasy sports partner of The University of Colorado Buffaloes, becoming the first operator to sign an agreement with a “Power Five” collegiate sports team.

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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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    PointsBet posted a 139.7% increase in net win revenue to AUD$18.7m (£9.7m/€11.2m/US$12.2m) in the third quarter of its fiscal year on the back of Australian and US growth, but costs continued to outpace revenue as the operator fell to a $15.5m loss for the year.

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    La Liga, Spain’s top flight of football, has appointed spread betting operator PointsBet USA as the Official Betting Partner of La Liga North America in an "exclusive multi-year agreement".

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    PointsBet has raised more than AUD$85m (€52.7m/$58.8m) from its share issue as it seeks expansion in the US market.

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    The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    The founders of betting and gaming giant bet365 have been named the second largest taxpayers in the UK, after paying an estimated £156m in taxes for the 2017-18 financial year, just behind JD Sports majority owner Stephen Rubin.

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    Sporting Group has announced that Paul Turner is to step down as head of the spread betting company’s Sporting Index business.

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    Sporting Index has become the first company to launch a sports spread betting mobile application on the Google Play Store.

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    Spread betting company Sporting Index has promoted marketing director Paul Turner to the newly-created role of head of the business.

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    Magnus Hedman, owner of sports betting risk management firm Touchbet, has been revealed as the new majority shareholder of online gaming operator Pinnacle Sports.

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    Sporting Index owner HgCapital sells sports spread-betting operator to private investor for undisclosed amount.

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    Spread betting firm Sporting Index has joined forces with Income Access, a provider of technology and affiliate iGaming management solutions, for the launch of its forthcoming affiliate programme.