Daily news

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    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.

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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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    The UK Gambling Commission (UKGC) has revealed it issued more than £18m (€20.1m/$23.6m) in fines to gambling companies during the past financial year

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    David Baazov, former chief executive of Amaya, has secured the support of two Hong Kong funds for his takeover bid for the company that owns PokerStars.

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    Amaya has announced that four members of its senior management team are set to join president, chairman and chief executive, David Baazov, in his takeover bid for the gambling company.

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    The Senet Group is to make up to £100,000 (€131,400/$146,300) in grants available to not-for-profit organisations as part of an effort to support ongoing responsible gambling strategies.

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    France's Pari Mutuel Urbain (PMU) recorded a 0.2% rise to €1.87bn in gross gaming revenues for the nine month period to the end of September and strong progress in its international activities, although its land-based business in France continued