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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.