Daily news

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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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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    Gaming Innovation Group (GiG) has reached an agreement to sell its Highroller B2C brand to affiliate and operator Ellmount Gaming for €7m (£6.5m/$7.8m).

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    International Game Technology (IGT) has reported a marginal year-on-year decline in revenue for the six months to 30 June, 2019, which resulted in a drop in service revenue over the reporting period.

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    GVC Holdings has agreed a deal to sell its 50% interest in the Sportium Apuestas Deportivas joint venture with Cirsa, in a move that will mark its exit from the Spanish retail betting market.

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    Mobile games developer Gaming Realms has finalised the sale of its Bear Group B2C subsidiary to River iGaming. The deal, first announced in February, is worth a total consideration of £11.5m (€12.7m/$14.3m).

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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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    Czech gaming and lottery giant Sazka Group has put forward an offer of €2.06bn (£1.85bn/$2.31bn) to gain full control of Greek gaming operator OPAP.

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    GVC Holdings has denied media reports it continues to benefit from its former Turkey-facing subsidiary Headlong Limited, stressing that it has no ties with the business it divested in November 2017.

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    GVC Holdings, bet365, Flutter Entertainment, William Hill and Sky Betting and Gaming have followed up plans to increase funding for problem gambling treatment and safer gambling by setting out a plan of action to cerate a safer gambling environment.

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    Online gaming solutions provider Aspire Global has agreed a deal to acquire GMS Entertainment Limited, the parent company of the B2B supplier Pariplay, for a fee of €13.1m (£11.8m/$14.9m).

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    French sports betting technology provider France Pari has entered into a capital structure agreement with BNP Paribas Développment, a division of French banking group BNP Paribas.

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    Stockholm-listed Better Collective has established a new credit facility worth DKK300m (£35.8m/€40.2m/$45.4m) with Nordea Bank to support its ongoing merger and acquisition efforts.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    Inspired Entertainment has entered into a definitive agreement to purchase the Gaming Technology Group (GTG) arm of Novomatic UK. The supplier will pay $120m (£94.4m/€106.0m) to acquire the assets.

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    GVC Holdings has fended off a shareholder revolt over executive pay, with a small majority of shareholders backing the company’s 2018 remuneration report.

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    Gaming platform and services provider Nektan has named Simon Hay, currently of GVC Holdings, as its new chief financial officer. Hay will begin his new role on June 17.

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    Greek lotteries and gaming solutions provider Intralot has reported an 8.5% year-on-year decline in revenue for the first quarter of its financial year, following weaker performances from all key business units.

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    Bragg Gaming Group, the Toronto-listed operator and supplier formed through the acquisitions of sports news portal GiveMeSport and igaming software developer Oryx Gaming, has reported revenue of CAD$10.4m in its first set of quarterly results.

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