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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    Gauselmann Group’s Merkur Sportwetten subsidiary has increased its stake in Belgian sports betting operator Betcenter Group to 74.9%, with plans to grow its omichannel business in the market.

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    iGaming Academy, a training provider owned by Conexus Group, is offering free e-learning courses to help gaming businesses make themselves ready to tackle the effects novel coronavirus (Covid-19).

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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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    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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    The Irish Bookmaker’s Association (IBA) has announced that the majority of its members have agreed to halt trading until at least 29 March to help reduce the spread of novel coronavirus (Covid-19).

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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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    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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    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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    UK Tote Group, the consortium of racecourse owners formerly known as Alizeti, has completed its acquisition of UK pool betting operator the Tote. UK Tote Group is now the sole owner of the Tote.

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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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    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.

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    Irish operator BoyleSports has made its long-awaited move into the UK retail betting market through the acquisition of Midlands-based bookmaker Wilf Gilbert.

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    UK racecourse operator Arena Racing Company (ARC) has acquired a 45% holding in i-neda, a supplier providing pari-mutuel wagering technology to operators in the US, Europe and Asia.

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    Clarion Gaming’s inaugural edition of ICE North America, which takes place in Boston from May 13 to 15, will feature a keynote presentation from iconic boxer and Olympic champion Sugar Ray Leonard.

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    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.

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    The UK Gambling Commission has set out its business plan for 2019-20, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry.

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    Gauselmann Group has appointed Markus Ettlin as the new managing director and chairman of its Merkur Sportwetten sports betting business.

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