Daily news

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    Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.

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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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    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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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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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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    David Baazov, former chief executive of Amaya, has secured the support of two Hong Kong funds for his takeover bid for the company that owns PokerStars.

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    Amaya has suffered a heavy drop in its share price after it was revealed that chief executive David Baazov will face five charges of insider trading in regards to the company’s acquisition of Oldford Group, the owner of PokerStars.

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    Amaya has announced that four members of its senior management team are set to join president, chairman and chief executive, David Baazov, in his takeover bid for the gambling company.

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    The Senet Group is to make up to £100,000 (€131,400/$146,300) in grants available to not-for-profit organisations as part of an effort to support ongoing responsible gambling strategies.

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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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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    France's Pari Mutuel Urbain (PMU) recorded a 0.2% rise to €1.87bn in gross gaming revenues for the nine month period to the end of September and strong progress in its international activities, although its land-based business in France continued

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    Land-based gaming firm will offer $1.2bn in stock to fund CAC online gaming enterprise.