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.
GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.
Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.
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.
Ladbrokes has cited growth in its digital business as one of the main reasons behind a rise in revenue in the third quarter, while Boylesports has said it will review the sale of Ladbrokes and Coral shops to Betfred and Stan James.
Nick Rust, chief executive of the British Horseracing Committee (BHA), has said that the proposed merger between Ladbrokes and Gala Coral would have an adverse impact on customers and the UK's horseracing and greyhound industries.
The UK Gambling Commission (UKGC) has said in a new report that although gross gambling yield from remote betting, bingo and casino sources remains steady, it noted a decline in the number of land-based facilities in the national market.
The UK Gambling Commission (UKGC) has announced that Betfred is to pay over £800,000 (€1 million/1$1.1 million) in compensation and in contribution towards socially responsible causes as part of a regulatory settlement following a licence review by the organisation.
Gala Coral has agreed to forfeit more than £846,000 (€1.1 million/$1.2 million) after the UK Gambling Commission (UKGC) ruled the operator made a series of failings related to its anti-money laundering and social responsibility processes.