Daily news

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    Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).

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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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    The Gambling Awareness Trust has been established to tackle problem gambling-related issues in Ireland, with the independent charity to have access to over €1m (£854,400/$1.1m) in funding each year.

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    William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.

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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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    Independent UK bookmaker Star Sports has moved to strengthen its presence in the UK by acquiring a network of 18 land-based racecourse pitches from online casino and sportsbook operator BetVictor.

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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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    Stars in their eyes