Daily news

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    William Hill chief executive Philip Bowcock is to step down from his role at the end of September, with the company's chief digital officer Ulrik Bengtsson named as his replacement.

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    The Malta Gaming Authority (MGA) has commenced the second phase of its Sandbox Framework, the intitative designed to explore the use of cryptocurrency by licensed gaming operators.

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    Better Collective has completed the acquisition of online gambling information website MyBettingSites.co.uk in a deal worth up to £2.2m (€2.4m/$2.7m).

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    Performance marketing specialist Raketech Group is to expand into the Japanese market through the €2m acquisition of Casumba Media.

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    Cherry-owned igaming operator ComeOn is to shut down operations in the UK in order to focus on what it described as "favourable markets".

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    Brazil’s Investment Partnership Programme (PPI) has adopted a new tactic as it looks to finally privatise the country’s instant win gaming business Loteria Exclusiva Instantânea (Lotex), allowing bidders to pay their winning fee in eight installments.

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    Finnish gambling monopoly Veikkaus has appointed Regina Sippel as its new chief financial officer and announced an organisational restructuring that sees a number of executives take on additional duties.

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    Nasdaq First North-listed operator Enlabs has signed a letter of intent to acquire a licensed land-based gaming operator in Belarus.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    The GB Gambling Commission has launched a 12-week consultation on potential restrictions on the use of credit cards for gambling, although an outright ban is likely to be robustly opposed by the industry.

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    A new study into the potential risks and rewards that would arise from Norway’s current gambling monopoly being replaced by a regime allowing offshore operators into the market has concluded that such a move could see problem gambling rise. This could also result in funds generated by Norsk Tipping for Norwegian society fall by as much as NOK1.3bn.

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    GVC Holdings' decision to move away from sports sponsorship will see its Labdrokes brand's sponsorship of the Scottish Professional Football League (SPFL) expire at the end of the 2019-20 season. 

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    Finnish gambling monopoly Veikkaus ramped up its player protection controls with plans to monitor its customer rewards programme to avoid encouraging excessive gambling, as well as establishing an Ethics Council to oversee responsible gaming efforts.

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    GVC Holdings remains confident that the business will be able to withstand potential regulatory headwinds across a number of its key and emerging markets, and believes it will see little change to German operating conditions.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    The Stars Group has appointed experienced video and social gaming industry executive John Schappert to its board of directors, while reshuffling the management team of its international division. 

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    GVC Holdings has announced a number of changes to its senior product team in order to fine-tune its operational structure.

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    Gaming Innovation Group (GiG) has reached an agreement to sell its Highroller B2C brand to affiliate and operator Ellmount Gaming for €7m (£6.5m/$7.8m).

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    LeoVegas Gaming Group's UK subsidiary Rocket X has joined forces with problem gambling treatment solutions provider Gambling Therapy to launch LeoLine, a new live chat service that offers immediate help for customers looking to address gambling issues.

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