Daily news

  • daily_news

    Bragg Gaming Group has reported revenue of CAD$10.0m for the third quarter of 2019, while starting tomorrow, the business will have a new finance chief as bwin.party veteran Stephen Prowse takes over the role from Ashkay Kumar.

  • daily_news

    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

  • daily_news

    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).

  • daily_news

    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.

  • daily_news

    Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.

  • daily_news

    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.

  • daily_news

    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.

  • daily_news

    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

  • daily_news

    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

  • daily_news

    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.

  • daily_news

    Tatts Group has agreed to sell its Talarius UK-based slots business to Novomatic in a deal worth Aus$210 million (€141.2 million/US$156 million).

  • daily_news

    Playtech has brokered a deal to acquire Swedish games studio Quickspin.

  • daily_news

    This week the iGB Diary marvels at Willie Brown's damascene conversion, wonders why Paddy was so soft on Giggsy, roots for gender equality and praises Ladbrokes (yes you read that right).  

  • daily_news

    Gaming products designer and manufacturer International Game Technology (IGT) has announced it is to cut 7% of its global workforce as part of a cost-saving measure.

  • daily_news

    In typical Playtech style, the igaming giant sets out its betting stall, Betfair links up with Snapchat, Spain should beware not regulating slots and some media not so eagle eyed. 

  • daily_news

    Online gaming software giant Playtech has announced it will pay shareholders a special dividend of £100m (€122m/US$167m) after registering a significant rise in full-year profits for 2013.

  • daily_news

    Japan presents many features of a growth market should regulation of land-based casinos go ahead in the near future, explains Simon Holliday of H2 Gambling Capital.

  • daily_news

    Gross gaming revenues from mobile are set to reach just over €19bn in 2018, or nearly 45% of total interactive gambling gross win, H2 Gambling Capital report reveals.