Daily news

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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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    International Game Technology has strengthened its senior leadership team by promoting Bob Vincent, Wendy Montgomery and Scott Gunn to new roles in lottery, marketing and public affairs respectively.

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    William Hill has increased its stake in MRG to approximately 98.5% ahead of its complete takeover of the online gambling company.

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    US casino operator Eldorado Resorts has completed its deal to secure a $50m equity stake in William Hill, and 20% stake in its William Hill US subsidiary, as part of the companies’ 25-year US-focused sports betting partnership.

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    Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.

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    GVC Holdings is to invest $5m in a joint research project conducted in partnership with Harvard Medical School as part of its new Changing for the Bettor campaign, through which it aims to improve player protection standards across its product range.

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    GVC Holdings has announced a series of changes to its senior management team, with Tom Ritzema, Nick Batram and Paul Tymms all taking on new roles

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    Trevor Pearce’s four-year term on UK regulator's board of directors will run from July 2019 until the end of June 2023

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