Daily news

  • daily_news

    Flutter Entertainment, the parent company of Paddy Power Betfair, has said its proposed mega-merger with The Stars Group (TSG) remains on track despite the outbreak of novel coronavirus (Covid-19), with the two operators announcing further details about the deal.

  • daily_news

    Sweden-facing operator Svenska Spel has announced that it will make a further SEK5m (£412,970/€444,748/$481,213) in grants available this year to research projects focused on gambling addiction.

  • daily_news

    Derivatives trading specialist IG Group has reported a 29.4% year-on-year increase in third quarter revenue, marking the business’ strongest results since the implementation of product intervention measures by the European Securities and Markets Authority (ESMA) in August 2018.

  • daily_news

    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.

  • daily_news

    Gaming operator and content developer Gamesys Group has made a repayment of £40m (€46.0m/$51.1m) towards its debt balances, reducing total outstanding debt by 7%.

  • daily_news

    Casino table games developer and distributor Galaxy Gaming has agreed a deal to purchase Progressive Games Partners (PGP) for $12.4m (£9.6m/€11.4m).

  • daily_news

    Stockholm-listed Betsson is to acquire Gaming Innovation Group’s (GiG) B2C assets, including the Rizk, Guts, Kaboo and Thrills brands, paying an initial €31m (£25.7m/$33.6m).

  • daily_news

    Spread betting and contracts for difference (CFD) provider IG Group Holdings has reported a year-on-year decline in revenue and profit in the first six months of its financial year, primarily due to the impact of new European Securities and Markets Authority (ESMA) regulations.

  • daily_news

    Online gaming operator 888 has announced that Aviad Kobrine, its long-serving chief financial officer, is to step down from the role later this year after 15 years with the business.

  • daily_news

    BetBlocker, the UK-facing responsible gambling app funded and developed by alternative dispute mediation service ThePOGG.com, has secured its first corporate donation from online casino comparison website CasinoGuide.

  • daily_news

    Gambling software supplier GAN has appointed Karen Flores as its new chief financial officer with immediate effect.

  • daily_news

    William Hill has revealed that it expects to post better-than-expected adjusted operating profit for the year ended 31 December, 2019, with the bookmaker forecasting that the final figure will fall between £143m (€167.0m/$185.8m) and £148m.

  • daily_news

    Diamond Eagle Acquisition Corp – the special purpose acquisition company formed as part of DraftKings and SBTech’s merger – has filed a registration document revealing DraftKings made a loss of $114.1m (£87.1m/€102.7m) in the first nine months of 2019.

  • daily_news

    Nektan has completed the sale of its UK B2C business to Grace Media for a total cash consideration of £200,000 (€236,213/$262,969), as part of an ongoing restructuring effort at the white label and gaming content provider.

  • daily_news

    Bet365 has reported a 9.7% year-on-year rise in betting and gaming revenue, while increased marketing costs and new efforts to enhance responsible gaming controls failed to slow profit growth for the financial year ended 31 March, 2019.

  • daily_news

    Online gaming solutions provider River iGaming will focus more on B2B operations after the division performed ahead of expectations in the third quarter, but has sought advice on strategic alternatives for its B2C business after it fell short of targets.

  • daily_news

    Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.

  • daily_news

    Affiliate marketing giant Better Collective has raised SEK312m (£25.1m/€29.5m/$32.7m) for future M&A activity through the directed issue of 4m shares in the business.

  • daily_news

    Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.

  • daily_news

    Lottery and gaming solutions provider Intralot has once again reported a year-on-year decline in quarterly revenue, with the total for the three months to 30 September falling 5.4%.

Pages