Daily news

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    The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.

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    Digital performance marketing solutions provider XLMedia has reported a 14.4% decrease in revenue for 2018, which it attributed to a number of regulatory issues impacting performance over the year.

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    888 Holdings has promoted senior vice president and head of human resources Naama Kushnir to the role of chief operating officer. Kushnir takes on the role to replace Itai Pazner, who was named chief executive of the operator in January 2019.

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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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    Experienced public servant Shane Lucas has been appointed chief executive of the Victorian Responsible Gambling Foundation, the Australian state’s body for helping those affected by gambling-related harms.

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    LeoVegas Gaming has introduced a new proprietary multi-brand platform in a move that will enable the Swedish operator to launch new brands under the collective name ‘Brands of Leo’.

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    The National Collegiate Athletics Association (NCAA) Division I Men's Basketball Tournament, commonly known as March Madness, is set to attract up to $12.1bn (£9.2bn/€10.7bn) in wagers, according to figures from H2 Gambling Capital.

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    GVC Holdings has appointed David Foster, who spent more than three years at public affairs manager at Paddy Power Betfair, as its new head of regulatory affairs.

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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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    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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    The Administrative Court of Linköping has ruled that Swedish gamblers cannot end periods of self-exclusion before the agreed period.

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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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    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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    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.

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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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    LeoVegas has combined its chief technology officer and chief product officer roles, with former MRG executive Mattias Wedar taking up the new position.

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