Daily news

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    A new code of conduct for gaming operators active in the Danish market has been published, with the aim of strengthening consumer protection and lowering the risk of gambling addiction in the country.

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    US casino and racetrack operator Churchill Downs Incorporated (CDI) has finalised a deal to assume management of Lady Luck Casino Nemacolin in Farmington, Pennsylvania, from Eldorado Resorts.

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    Simon Barff has stepped down as UK managing director at Blueprint Operations, with David Purvis set to join the land-based slot and analogue games supplier as part of a management restructure.

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    Billionaire investor Carl Icahn has increased his stake in Caesars Entertainment Corporation to 15.53% as he pushes for the business to pursue a sale or merger.

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    The Stars Group chief executive Rafi Ashkenazi believes the operator can achieve double-digit growth in highly competitive and mature UK market in 2019, by leveraging the Sky Betting and Gaming assets acquired in 2018.

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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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    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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    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 casino giant Caesars Entertainment has reached an agreement with Carl Icahn, which will see the activist investor support all proposed board nominations at the operator’s 2019 Annual General Meeting.

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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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    The Labour Party is to demand mandatory limits on player spending, staking and speed of play for online gaming as part of a root-and-branch overhaul of igaming regulation in England, Scotland and Wales.

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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 Senet Group is calling on gambling operators to help customers set and adhere to their own boundaries, after new research from the UK-facing responsible gambling organisation suggests all gamblers want to stay in control of their habits, regardless of their risk profile.

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    Gambling addiction charity GamCare has launched an invitation to tender for companies specialisting in digital cognitive behavioral therapy (CBT) solutions as it looks to expand the range of services it offers to those affected by gambling-related issues.

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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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    The Senet Group, the UK-facing responsible gambling organisation, has published its official response to the Gambling Commission’s consultation on a new national strategy, calling for greater clarification on key strategic themes.

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    MGM Resorts International’s initiative to streamline the business and ramp up technology investment has prompted a number of changes to its executive team, with chief financial officer Dan D’Arrigo’s departure initiating a management reshuffle.