Daily news

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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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    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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    Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.

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    Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.

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    Shareholders of Diamond Eagle Acquisition Corp. have approved the acquisitions of DraftKings and SBTech and the public listing of the new entity.

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    European football’s governing body Uefa has called on all of its associations to complete their 2019-20 seasons despite the ongoing novel coronavirus (Covid-19) crisis.

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    iGaming operator and supplier Newgioco has reported a decline in sports betting revenue in March, though this has been mitigated in part by growth in other verticals.

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    Civil rights activist reverend Al Sharpton has urged Colorado lawmakers and the state’s Gaming Commission to block mobile sports betting in the state.

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    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.

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    Betfred has acquired part of the customer database of insolvent MoPlay operator Addison Global and will return customer stakes on open bets, according to an email sent to customers.

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    The International Betting Integrity Association (IBIA), the Independent Betting Adjudication Service (IBAS) and the eCommerce and Online Gaming Regulation Authority (eCOGRA) have teamed up to agree to a new dispute resolution procedure.

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    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.

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    Daily fantasy and sports betting operator DraftKings has opened a new office in Las Vegas, Nevada, to support its ongoing growth plans in the US market.

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    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.

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    Betsson has confirmed that it has acquired a 75% stake in the Brazilian sportsbook operator Suaposta, ahead of the country’s government passing sports betting regulations.

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    Online gambling operator MustardBet has ceased operations with immediate effect, but pledged to refund customer balances and settle all unsettled bets as soon as possible.

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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 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.

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    Affiliate giant Catena Media has amended the terms of the second and final earn-out payment for its purchase of BayBets, the German sports betting affiliate it agreed to acquire in December 2017. This will see Catena take full control of the business earlier than expected, and for a lower price.

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    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.

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