Daily news

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    France’s Agence des participations de l’État (APE) has hailed the success of the initial public offering of gaming giant La Française des Jeux (FDJ), which could generate proceeds of €1.89bn for the state.

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    The New South Wales (NSW) Office of Responsible Gambling has set out details of a new funding opportunity for PhD scholarships, post-doctoral fellowships and study grants to build capability and capacity in gambling research.

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    888 Holdings has moved to address shareholders’ concerns over Brian Mattingley’s re-election as the operator’s non-executive chairman, after a significant percentage voted against his continuing in the position.

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    Bragg Gaming Group has reported revenue of CAD$10.0m for the third quarter of 2019, while starting tomorrow, the business will have a new finance chief as bwin.party veteran Stephen Prowse takes over the role from Ashkay Kumar.

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    iGaming content developer and aggregation platform provider Relax Gaming has named former Kindred Group executive Tommi Maijala as its new chief executive, with his predecessor Daniel Eskola shifting to a new role as chief commercial officer.

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    Veikkaus has announced that it will speed up the implementation of its social responsibility strategy, by introducing new marketing controls and bringing forward the introduction of compulsory identification on slot machines by a year.

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    The Deutsche Automatenwirtschaft (DAW), the umbrella organisation for Germany’s gaming machine associations, has highlighted a number of key issues that must be addressed as lawmakers prepare to begin discussions over the re-regulation of the country’s gambling market.

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    White label and gaming content provider Nektan has extended the deadline for orders for a placing to raise £3.0m in working capital for the fourth time, after revealing that certain parties were proposing “unacceptable” terms in return for investment.

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    Mobile games developer Gaming Realms has appointed Mark Blandford, the founder of Sportingbet, to its board as a non-executive director. Blandford will take on the new role with immediate effect.

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    Simon Collins, the co-founder of Gaming Realms, is to step down from his role as a non-executive director on the mobile games developer’s board with immediate effect.

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    Board members at Flutter and The Stars Group further outlined the details of the synergies from the companies’ mega-merger, while also assuring stakeholders that the deal would pass any competition-related hurdles.

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    GVC Holdings has today (30 September) launched the GVC Foundation, a new body that will execute its global corporate social responsibility (CSR) strategy, as well as announcing a host of new CSR projects.

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    Problem gambling funding body GambleAware has partnered the University of Bristol on a new research project examining how UK banks and other financial services organisations can help people suffering with or are at risk of gambling-related harm.

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    NetEnt chief operating officer Björn Krantz has left the slot specialist after more than ten years, iGamingBusiness.com has learned. Following his departure, the company is to restructure its commercial teams into a single unit. 

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    Stockholm-listed casino games developer NetEnt has agreed the first acquisition in its history, with a deal to take control of slot specialist Red Tiger Gaming worth up to £220m.

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    The GB Gambling Commission has launched a 12-week consultation on potential restrictions on the use of credit cards for gambling, although an outright ban is likely to be robustly opposed by the industry.

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    A new study into the potential risks and rewards that would arise from Norway’s current gambling monopoly being replaced by a regime allowing offshore operators into the market has concluded that such a move could see problem gambling rise. This could also result in funds generated by Norsk Tipping for Norwegian society fall by as much as NOK1.3bn.

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