Daily news

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    US casino giant Caesars Entertainment has reached an agreement with Carl Icahn, which will see the activist investor support all proposed board nominations at the operator’s 2019 Annual General Meeting.

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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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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    The Senet Group is calling on gambling operators to help customers set and adhere to their own boundaries, after new research from the UK-facing responsible gambling organisation suggests all gamblers want to stay in control of their habits, regardless of their risk profile.

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    Gambling addiction charity GamCare has launched an invitation to tender for companies specialisting in digital cognitive behavioral therapy (CBT) solutions as it looks to expand the range of services it offers to those affected by gambling-related issues.

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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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    The Senet Group, the UK-facing responsible gambling organisation, has published its official response to the Gambling Commission’s consultation on a new national strategy, calling for greater clarification on key strategic themes.

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    MGM Resorts International’s initiative to streamline the business and ramp up technology investment has prompted a number of changes to its executive team, with chief financial officer Dan D’Arrigo’s departure initiating a management reshuffle.

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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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    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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    Gaming technology supplier PlayAGS has completed its $49m (£38.1m/€43.4m) acquisition of slot route operator Integrity Gaming.

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    Gambling group Betsson and multi-brand betting services provider TR Media have both signed up to become members of Swedish industry trade group Sper.

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    Paddy Power Betfair has acquired an initial 51% stake in Georgian online sports and betting operator Adjarabet for €101m.

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    Casino software developer Playson has appointed Global Gaming and Aspire Global veteran Lars Kollind as business development manager.

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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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    Luxor Capital Group has been revealed as the new owner of the Ocean Resort Casino in Atlantic City, with the New York-based hedge fund set to invest heavily in the venue.

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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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    Rank Group has appointed Tang Hong Cheong, president and CEO of operator's majority shareholder Guoco Group, as a non-executive director of the business. 

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    Problem gambling funding body GambleAware has named Rachel Pearce, a regional director with the NHS, as a new trustee.

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