Daily news

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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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    Online gaming operator 888 Holdings has completed the purchase of JPJ Group’s Mandalay bingo business for £18m (€21.0m/$23.7m). Announced last month, the deal will see London-listed 888 take full ownership of various bingo assets, including Costa Bingo, from JPJ subsidiaries Jet Management Group and Jet Media.

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    Gaming Innovation Group (GiG) has confirmed that it will list its shares on Nasdaq Stockholm later this month, with the first day of trading planned for March 26.

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    David Schjelde has agreed to re-join software development company EveryMatrix as its chief financial officer.

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    The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.

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    Indian casino operator Delta Corp has acquired a 15.52% stake in Halaplay Technologies, the parent company of fantasy sports brand Halaplay.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has finalised its acquisition of certain ownership interests of Midwest Gaming Holdings, the parent company of Rivers Casino Des Plaines in Illinois.

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    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

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    Online affiliate and content marketing business Raketech has repaid its entire corporate debt of €7.7m (£6.6m/$8.7m), cutting its quarterly financial expenses in the process.

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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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    Betclic Everest Group subsidiary Bet-at-Home has reported a 2.3% decline in net betting and gaming revenue for 2018, blaming the decline on increased fees and levies paid out over the 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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    DraftKings has agreed a multi-year partnership with Caesars Entertainment that will give the operator access to a number of state gambling markets as and when regulation is passed.

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    Mobile games developer Gaming Realms has agreed to sell its B2C subsidiary Bear Group to River iGaming for a total consideration of £11.5m.