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.
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.
William Hill has announced that it expects a material impact on revenue and earnings from the novel coronavirus (Covid-19) pandemic, and has therefore suspended its 2019 dividend to retain financial resources within the business.
New Zealand’s Racing Industry Transitional Authority (RITA) admitted concerns that the Racing Industry Bill does not offer enough flexibility for the roll-out of new betting products, but revealed that a bill regulating online betting may be in the works.
DraftKings has struck a deal that will see it acquired by a special purpose acquisition company alongside betting and gaming technology provider SBTech, with the combined entity to be listed on the Nasdaq Stock Exchange.
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.
The Washington, DC Council has awarded Intralot a five-year contract to power the city lottery’s sports betting offering, despite mounting concerns over the manner in which the contract was handed to the Greek lottery and gaming solutions provider.
Swedish operator association Branschföreningen för Onlinespel (BOS) has requested an urgent meeting with the country’s gaming regulator in the wake of a number of operators being fined for an apparent breach of the country’s Gambling Act.
French gambling giant La Française des Jeux (FDJ) has struck a deal to acquire Sporting Group, the parent company of spread betting operator Sporting Index and sports betting technology and trading service provider Sporting Solutions.
Sports betting integrity monitoring body ESSA has rebranded as the International Betting Integrity Association. It has also revealed a sharp decline in suspicious betting alerts generated by tennis over the first quarter of 2019, with the total number of alerts across all sports down 26% year-on-year.
Stockholm-listed Better Collective will significantly expand its presence in the US market through the acquisition of daily fantasy and sports betting affiliate Rical LLC, operator of the RotoGrinders and SportsHandle portals.
US casino operator Delaware North has filed a lawsuit against its sports betting joint venture partner Miomni Gaming, accusing the supplier and its CEO Michael Venner of engaging in “an ongoing pattern of misrepresentation and bad faith” throughout the partnership.