Daily news

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    LeoVegas has reported an 11.6% rise in revenue for the first quarter of 2019, though growing costs saw the Stockholm-listed gaming operator post a €31,000 (£26,611/$34,757) loss for the period.

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    London-listed igaming service provider GAN has credited higher than expected growth in New Jersey’s legal sports betting market for first quarter revenue growing to £4.6m, a new company record.

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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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    Las Vegas-based casino operator Affinity Gaming has appointed Mary Elizabeth Higgins as its new CEO, after Tony Rodio stepped down to take up the same role at Caesars Entertainment.

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    US casino giant Caesars Entertainment has appointed Anthony Rodio as its new chief executive officer. Rodio, who currently serves in the same role at Affinity Gaming, will make the move to Caesars within the next 30 days.

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    Las Vegas-based casino giant Wynn Resorts has abruptly terminated discussions with Crown Resorts less than a day after announcing that it was looking to acquire the Australian gaming operator.

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    The Rank Group has confirmed Alan Morgan will leave his role as managing director retail on July 31 this year in order to pursue other opportunities. Chief executive John O'Reilly will assume Morgan’s responsibilities upon his departure.

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    Las Vegas-based casino operator Wynn Resorts has opened talks with Crown Resorts over a possible acquisition of the Australian gaming operator. The proposed offer is worth Aus$14.75 a share, valuing Crown at around Aus$10bn.

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    Casino operator MGM Resorts International has finalised its acquisition of the operating assets for Hard Rock Rocksino Northfield Park, rebranding the Ohio property as MGM Northfield Park.

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    Stockholders at Dover Downs Gaming & Entertainment have voted to approve the casino operator’s proposed merger with Twin River Worldwide Holdings. The deal is expected to go through tomorrow (March 28).

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    US casino and racetrack operator Churchill Downs Incorporated (CDI) has finalised a deal to assume management of Lady Luck Casino Nemacolin in Farmington, Pennsylvania, from Eldorado Resorts.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    DraftKings has agreed a multi-year partnership with Caesars Entertainment that will give the operator access to a number of state gambling markets as and when regulation is passed.

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    MGM Resorts International’s initiative to streamline the business and ramp up technology investment has prompted a number of changes to its executive team, with chief financial officer Dan D’Arrigo’s departure initiating a management reshuffle.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    Gaming technology supplier PlayAGS has completed its $49m (£38.1m/€43.4m) acquisition of slot route operator Integrity Gaming.

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    US casino operator Eldorado Resorts has completed its deal to secure a $50m equity stake in William Hill, and 20% stake in its William Hill US subsidiary, as part of the companies’ 25-year US-focused sports betting partnership.

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    Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.

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