Daily news

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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    Banking group HSBC UK has joined forces with industry charities GamCare and GambleAware to develop and launch a new self-restriction tool to enable its customers to block gambling transactions on their accounts.

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    Rank Group, the parent company of Mecca Bingo and Grosvenor Casinos, has finalised its acquisition of online casino and bingo operator Stride Gaming. Stride Shares will cease trading on AIM at 7.00am on October 7.

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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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    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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    The Rank Group has reached an agreement on an all cash offer to acquire Stride Gaming, paying 151 pence per share for the business. This values Stride at £115.3m. 

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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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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    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.

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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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    888 Holdings has agreed a deal to acquire JPJ Group's Mandalay operating business, including the Costa Bingo brand, for a cash consideration of £18m (€20.6m/$23.3m). The deal will strengthen 888's UK presence, its CEO claims, while JPJ says the sale will allow it to pursue a single-brand strategy focused around Jackpotjoy. 

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    Stride Gaming has launched a strategic review of its operations that may culminate in the sale of the business, though is yet to receive any offers and may instead pursue its own M&A opportunities. 

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    The two companies have been working together since 2014

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    The UK Gambling Commission (UKGC) has revealed it issued more than £18m (€20.1m/$23.6m) in fines to gambling companies during the past financial year

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    The Rank Group has acquired the entire issued share capital of QSB Gaming Limited, owner of Spanish digital bingo business YoBingo.es

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    Blackstone Group has completed the acquisition of Spanish gambling operator Cirsa

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    Scientific Games has reported year-on-year financial growth across all business segments for the 12 months to December 31, 2017

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    The Stars Group has purchased a 62% stake in Australia’s CrownBet Holdings for an aggregate amount of approximately US$117.7 (€96.2m)

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    The Stars Group has completed the sale of its 7.5% stake in Jackpotjoy for net cash proceeds of $59.5m (€50.2m)

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