Daily news

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    Gaming platform and services provider Nektan has raised £2.1m (€2.4m/$2.7m) before expenses through a share placement. Nektan offered 13,978,020 new ordinary shares at a price of 15 pence each.

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    Swedish gambling group Cherry has been granted permission to delist its series B shares from the Nasdaq Stockholm exchange, confirming that May 7 will be its final day of trading.

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    French gaming operator La Française des Jeux (FDJ) has set out plans to ramp up corporate social responsiblity (CSR) efforts as part of a wider effort to clamp down on issues such as underage gambling, fraud and money laundering.

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    Gaming platform and services provider Nektan has sold a 57.5% stake in its Respin US subsidiary to Alternative Investment Partners Limited (AIP) for an initial cash consideration of £300,000 (€346,350/$391,680). The price is significantly below the original £2m consideration that the supplier had previously announced.

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    Nasdaq Stockholm-listed Ninja Casino operator Global Gaming has scrapped plans to issue a dividend to shareholders as a result of difficult operating conditions in the newly regulated Swedish market.

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    Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.

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    This week we look at role reversal in the lottery space, ponder the outrage over the M&M's slot-machine dispenser and payday loans and giggle at some of the more outlandish Royal baby name predictions

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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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    SciPlay Corporation, the social gaming subsidiary of Scientific Games, has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of a minority interest in its business.

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    Gaming platform and services provider Nektan has reported a 5.9% year-on-year increase in revenue for the third quarter of its financial year, though noted that performance in the period was impacted by a number of factors.

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    Online gambling operator BetVictor has reached an agreement to reinstate and settle all ante post bets placed with now-shuttered BetBright. The Irish operator ceased operations earlier this month after its acquisition by 888 Holdings.

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    Keith Alexander has said he will not sell any more of his shares in GVC Holdings while he is chief executive of the gambling giant. Earlier this month, Alexander sold 2.06m shares worth £13.7m (€16.0m/$18.0m).

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    Digital performance marketing solutions provider XLMedia has reported a 14.4% decrease in revenue for 2018, which it attributed to a number of regulatory issues impacting performance over the year.

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    Gaming Innovation Group (GiG) has today (March 26) commenced trading its shares on Nasdaq Stockholm. The iGaming solutions provider is now dual-listed on Oslo Børs in Norway.

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    Venture capital fund Vereeni Investments has acquired a majority stake in Australian daily fantasy sports operator Moneyball. Terms of the deal have not been disclosed, but Vereeni has said the purchase represents a seven-figure investment.

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    The Gambling Awareness Trust has been established to tackle problem gambling-related issues in Ireland, with the independent charity to have access to over €1m (£854,400/$1.1m) in funding each year.

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    Online gaming operator 888 Holdings has completed the purchase of JPJ Group’s Mandalay bingo business for £18m (€21.0m/$23.7m). Announced last month, the deal will see London-listed 888 take full ownership of various bingo assets, including Costa Bingo, from JPJ subsidiaries Jet Management Group and Jet Media.

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    Gaming Innovation Group (GiG) has confirmed that it will list its shares on Nasdaq Stockholm later this month, with the first day of trading planned for March 26.

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    David Schjelde has agreed to re-join software development company EveryMatrix as its chief financial officer.

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    The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.

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