Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).
Global network and cloud infrastructure solutions provider Continent 8 Technologies and online gaming software developer Iforium have expanded their partnership to pursue new opportunities in the US market.
Rank Group has reported an 8% year-on-year increase in gross gaming revenue for the three months to 30 September 2019, after it was boosted by growth in its digital arm and Grosvenor Casino land-based business.
The Greek government has passed a series of reforms to gambling in the country, including continuing the permission of Random Number Generator (RNG) games and the lowering of the country’s licence fee from €5m (£4.4m/$5.5m) to €3m.
British-based operators will have to ensure they are “established in the European Economic Area” if they wish to hold a Maltese license after Brexit, the Malta Gaming Authority has reminded stakeholders.
An increase to the price of English and Scottish football data in the wake of Genius Sports Group’s exclusive partnership with Football DataCo (FDC) is squeezing operators' already tight margins further.
Norway’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) has revealed a 19% year-on-year decline in advertising spending by offshore operators over the past year, with plans in motion to stamp this out entirely.