Daily news

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    Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.

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    Global mobile payment and mobile identity company, Boku, has conditionally agreed to the acquisition of Estonia-based Fortumo Holdings and its subsidiaries in a deal with a maximum value of $41 million.

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    Slots and payment solutions provider Everi Holdings has blamed first quarter losses of $15.4m (£12.2m/€13.8m) a decline in revenue resulting from the novel coronavirus (Covid-19) pandemic, and efforts to pay down net debt in the period.

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    International Game Technology (IGT)’s revenue declined 17.9% to $940.2m in the first quarter of 2020, while a $296m impairment charge related to the effects of the novel coronavirus (Covid-19) saw the supplier post a loss for the period.

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    A 40-day suspension Chinese lottery sales due to novel coronavirus (Covid-19) meant AGTech’s first quarter revenue declined 32.2% to HKD$13.7m (£1.4m/€1.7m/$1.8m).

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    Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.

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    SBTech revenue grew year-on-year in 2019, but increased headcount and exits from dot.com markets led to much lower profit, a prospectus for the supplier's merger with DraftKings revealed.

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    Atemi has set an increased revenue target for 2020 after it posted better-than-expected results for 2019, while the online gaming affiliate has also launched a new flagship comparison site in the UK and US.

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    National Australia Bank (NAB) has become the first bank in the country to offer customers the option to block gambling transactions via its mobile application.

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    Stockholm-listed gaming operator LeoVegas Group has taken a series of cost-cutting measures including migrating its Rocket X-managed brands to its own platform.

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    Gambling software supplier GAN’s gross operator revenue increased 171.3% year-on-year to $315.6m in 2019 thanks to the growth of legal gambling in the US, according to the company’s Q4 key performance indicators.

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    Everi Holdings has bolstered its player loyalty and marketing solutions through the acquisition of assets from Micro Gaming Technologies (MGT).

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    Payments and know-your-customer (KYC) solutions provider iSignThis has lowered its earnings before interest and tax (EBIT) guidance for 2019 to AUD$6.5m (£3.4m/€4.0m/USD$4.4m) amid a dispute with the Australian Securities Exchange (ASX).

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    Sky Sports-owned At The Races (ATR) has entered into a multi-year turnover-based streaming and data deal with Betfred, covering a wide range of horseracing content from the UK.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    Inspired Entertainment saw revenue fall $10.2m (£8.4m/€9.1m) in the second quarter of its financial year, with the decline blamed on the UK government’s decision to reduce maximum B2 machine stakes to £2. The supplier posted a net loss of $10.7m for the period.

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    AGTech Holdings has reported a 22.7% year-on-year decline in revenue for the first six months of 2019, which was blamed on a HK$16.5m (£1.7m/€1.9m/$2.1m) decline in lottery hardware sales over the period.

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    Sports betting solutions provider Kambi has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market.

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    Online betting and gaming technology provider GAN has seen trading in the second quarter of its financial year beat expectations, with seasonal decline in igaming revenue offset by the strong performance of clients’ sportsbook offerings.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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