The GB Gambling Commission has given its approval to Rank Group’s proposed acquisition of online casino and bingo operator Stride Gaming. The bid, tabled in May, values Stride at £115.3m (€130.6m/$143.6m).
The UK’s Competition and Markets Authority (CMA) has given its approval to Inspired Entertainment’s proposed acquisition of Gaming Technology Group (GTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary.
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.
Czech lottery and gaming giant Sazka Group has reported a 6% year-on-year increase in gross gaming revenue to €908.5m for the first half of 2019, while profit for the period was boosted by the sale of its Croatian business to Emma Capital.
Licensed operators generated $2.2m in revenue from the first sixteen days of legal wagering in Iowa, with the William Hill-powered offering at the Prairie Meadows Racetrack and Casino leading the market over the period.
Codere’s saw its net loss for the second quarter of 2019 fall by more than 75% for Q2, despite the collapse in revenue of the Argentine Peso drastically hurting revenue in what was previously the operator's largest market.
The Brazilian lottery market has reported a 52.6% year-on-year increase in revenue for the second quarter of 2019, with the market benefitting from the contribution from the Mega-Sena game more than doubling over the period.
Strong growth in revenue from OPAP's video lottery terminal division has helped the Greek lottery and gaming operator report a year-on-year increase in revenue for the first half of the year, as well as offsetting a decline in sports betting revenue.
Video Gaming Technologies (VGT), a subsidiary of Aristocrat Technologies, has reached a settlement worth $3m (£2.4m/€2.7m) with Class II and III games developer Castle Hill Gaming (CHG) over an intellectual property rights infringement lawsuit.
Gambling operator Betsson has announced plans to issue a new senior unsecured bond with an expected initial minimum volume of SEK500m (£41.6m/€46.7m/$51.4m) to help support its ongoing growth and expansion strategy.
Betclic Everest Group’s bet-at-home has revealed that it expects to receive an €11.9m (£10.7m/$13.1m) bill from the Austrian tax authorities, relating to the activities of its Linz-based subsidiary. This has prompted it to make changes to its intercompany invoicing practices, which will then see its annual tax burden increase by €5.0m.
888 Holdings has put a significant year-on-year decline in profit before tax in the first half down to higher spending, although the online gambling operator was able to post an increase in revenue for the period.