Daily news

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    Gaming solutions giant Playtech has reported a 22.5% year-on-year decline in revenue for the first half of 2020, after a strong start to the period was halted by the impact of novel coronavirus on B2B and B2C operations.

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    Sports betting and daily fantasy sports operator DraftKings has appointed Erik Bradbury as its new chief accounting officer with immediate effect.

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    Czech gaming conglomerate Sazka Group says it is showing signs of recovery following the novel coronavirus (Covid-19) shut-down, which resulted in revenue and profit falling in the first half of 2020.

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    Austrian gaming giant Novomatic Group saw revenue fall and posted a €108.1m loss for the first half of the year, after the business’ predominantly land-based operations were hit hard by the novel coronavirus (Covid-19) pandemic.

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    Revenue for Sazka Group-owned Greek gaming giant OPAP fell 34.8% year-on-year in the first half of the year due to the disruption caused by novel coronavirus (Covid-19). However, the operator said it saw performance rapidly recover once lockdown restrictions in Greece were eased and sporting events resumed.

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    Online gambling operator PointsBet has revealed it raised a total of AU$70.5m (£51.2m/€43.4m/US$51.1m) through the first stage of its fully underwritten entitlement offer.

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    The British Horserace Betting Levy Board (HBLB) has invited bookmakers to consider whether to maintain or revise their monthly levy payments, after forecasting better-than-expected income since the resumption of racing.

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    German gaming giant Gauselmann Group has reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.

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    GVC Holdings has announced the launch of a multi-million pound investment programme to support and promote grassroots sports across the UK.

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    Basketball icon Michael Jordan is to take an equity interest in DraftKings, in exchange for becoming a special advisor to the operator’s board of directors.

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    Social casino games developer and publisher Huuuge Inc. has announced plans to launch an initial public offering (IPO) on the Warsaw Stock Exchange in Poland.

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    PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise an additional Aus$300m (£165.1m/€184.4m/US$219.3m) in capital.

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    Affiliate marketing giant Better Collective has signed a letter of intent to acquire an unnamed igaming business for approximately €45m (£40.5m/$53.2m), with the aim of enhancing its lead generation capabilities.

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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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    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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    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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