Daily news

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    Swedish operator Svenska Spel has announced that it is to permanently close its Casino Cosmopol land-based venue in Sundsvall due to a decline in profits and footfall at the property.

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    GambleAware, Great Britain's charitable funding body for gambling related research, education and treatment, has announced that Mark Etches is to step down from his role as its chief executive at the end of March 2021.

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    New GVC Holdings chief executive Shay Segev has set out four key priorities that he believes can drive “significant growth” for the business, add value for stakeholders and entrench responsibility in everything it does.

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    The Young Gamers and Gamblers Education Trust (YGAM) has joined forces with Unison on a new initiative to provide members of the UK trade union with expert training on gambling and related harms.

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    GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.

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    Casino operator SkyCity Entertainment Group has said it will again temporarily close its casino property in Auckland, following the decision by New Zealand’s government to place the city in lockdown after recording several new local cases of the novel coronavirus (Covid-19).

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    Esports betting operator Esports Entertainment Group has signed a letter of intent to acquire certain assets of mobile games studio Flip Sports.

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    The British Horseracing Association (BHA) has appointed Julie Harrington, the former head of British Cycling, as its new chief executive.

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    Alot Solutions, the B2B division of lottery betting giant Lottoland, has appointed Geaspar Byrne as its new chief financial officer.

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    The enlarged Gamesys Group has seen reported gaming revenue double year-on-year in the six months to 30 June, aided by record revenue from Asia.

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    Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.

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    South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.

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    Ninja Casino operator Global Gaming has given its approval to a number of new appointments to its board of directors, following a proposal put forward by Baltic-facing operator Enlabs.

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    Social gaming giant Zynga will follow its $1.85bn acquisition of Peak with a deal for a second Turkish games developer, Istanbul-based Rollic.

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    Baltic-facing operator Enlabs has put forward a number of proposed individuals to be appointed to a new board of directors at Global Gaming, in relation to its recent acquisition of a larger stake in the Ninja Casino operator.

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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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    William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.

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    The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.

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    The B2B division of lottery betting giant Lottoland, Alot Solutions, has made what it calls a significant equity investment in G Games, the igaming content developer formerly known as Gamevy.

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    Swedish online gambling developer Gaming Corps has appointed Mats Lundin, formerly of iSoftBet and Play’n Go, as its new chief commercial officer.

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