Daily news

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    Nigel Northridge is to stand down as chairman of Irish bookmaker Paddy Power at the end of next month.

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    Italian retail and online sports betting operator SNAI has struck an agreement to merge with rival firm Cogemat in a move that will value the new company at more than €145 million ($162.5 million).

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    Ladbrokes quarterly pre-tax profits were down more than half on the previous quarter and new chief executive Jim Mullen has said he will bring forward his strategic review of the company to June as he seeks to address key issues affecting the UK's second largest bookmaker.

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    Playtech to undertake major recruitment drive as part of effort to support large-scale omni-channel projects both in the UK and emerging markets.

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    Central and Eastern European online betting operator Fortuna Entertainment has announced that it will not pay out any dividend this year.

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    Interactive gaming software and services provider GTECH has completed its $6.4 billion (€5.9bn) acquisition of gaming products designer and manufacturer International Game Technology (IGT).

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    UK bookmaker Gala Coral is preparing to float on the stock market later this year, according to the Financial Times newspaper.

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    Various figures from the gambling sector have joined forces with UK alterative investment fund manager Innvotec to launch a Seed Enterprise Investment Scheme (SEIS) for the industry.

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    UK bookmaker Ladbrokes is reportedly considering a review of its Irish business after the division posted a loss in 2014.

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    Gambling group Gala Coral has rejected reports that it has held talks with private investment firm OpCapita over the potential sale of its Gala Retail business.

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    Bookmaker William Hill has cited the ongoing success of its online operations and Australian business as two of the main reasons behind a year-on-year jump in revenue and operating profit in 2014.

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    PokerStars parent company Amaya Gaming will repurchase some of its own stock to focus energies on world's leading poker site.

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    GamCrowd has moved to expand its gambling-focused, crowd-funding and crowd-sourcing platform through the launch of its new 'Incubator' service.

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    A study sponsored by the Association of British Bookmakers (ABB) that claimed  the “majority of betting shops are in the least deprived areas" has been branded as “very misleading” by a new report.

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    Gambling company BetFred it has promoted Nicola Barr to the position of group finance director.

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    Fred Done, founder of independent UK bookmaker BetFred, is to become chairman of challenger bank CardOne Banking.

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    Betting company Coral has replaced William Hill as the new title sponsor of the UK Championship snooker tournament.

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    Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.

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    US horseracing and casino operator MTR Gaming Group has announced that its stockholders have approved a merger agreement with Eldorado HoldCo, the parent company of US gaming property operator Eldorado Resorts.

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    Bookmaker William Hill has appointed Tom Waterhouse as the new chief executive officer of its Australia business.

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