Daily news

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    Online trading platform FxPro has cancelled an initial public offering (IPO) amid plans by the UK’s Financial Conduct Authority (FCA) to introduce new measures within the spread-betting sector.

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    Paysafe Group has denied allegations from Spotlight Research that it is enabling illegal gambling and capital control evasion in China.

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    Online spread betting and CFD brokerage Capital Index has moved to address concerns over the impact that the UK’s decision to vote to leave the European Union (EU) will have on business.

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    GLIO Holdings is to acquire a majority stake in online trading services provider London Capital Group (LCG).

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    Playtech has opted to pull out of its proposed merger with Plus500, despite last week stating that it was confident of completing a deal by the end of the year.

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    Playtech has said it remains confident that its proposed acquisition of Plus500 will go ahead before the end of the year, with the firm expecting a decision on its application to the Financial Conduct Authority (FCA) to be made next month.

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    Playtech has moved to update the market on the progress of its acquisitions of both Plus 500 and Ava Trade.

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    Playtech has announced that almost all of its shareholder base has voted in favour of its previously announced acquisition of Plus500.

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    Chris Hill is to step down from his role as chief financial officer at spread betting company IG Group in order to take up a similar position with financial services firm Hargreaves Lansdown.

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    Financial spread betting company IG Group has revealed that it was able to make “good progress” on a number of its strategic initiatives during the 12 months to May 31, 2015, but has also confirmed Tim Howkins will resign as chief executive later this year.

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    Gaming software and services supplier Playtech’s proposed takeover of Plus500 could be under threat after the Israeli spread betting firm’s largest shareholder said it would oppose the bid.

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    Gaming software and services supplier Playtech has struck a deal to acquire the entire issued ordinary share capital of Plus500 in a deal that values the Israeli spread betting company at approximately £459.6 million (€641.5 million/$702 million).

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    Charles-Henri Sabet, the newly appointed chief executive officer of London Capital Group Holdings (LCG), has said that a new growth strategy has been put in place for the online financial services and spread betting firm this year following dips in key financials in 2014.

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    Financial spread betting provider IG Group Holdings is to become the first platform to launch a Sunday trading service in order to allow clients to trade a selection of markets outside of normal trading hours.

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    Charles Henri-Sabet, executive chairman of London Capital Group Holdings (LCG), said that despite the online financial services and spread betting firm having suffered losses in the nine months through to September 30, he is confident that new investment will drive growth.

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    Online financial services and spread betting firm London Capital Group (LCG) has announced that it intends to generate up to £17.5 million (€21.9 million) through a financing plan.

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    Betfair spread betting subsidiary to terminate its white label partnership with London Capital Group (LCG) - effective from December 2013.

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    Spreadbetting firm’s business-to-business software and data services division has launched new end-to-end business-to-business pricing facility.