Daily news

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    The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.

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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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    Online spread betting and CFD brokerage Capital Index has moved to address concerns over the impact that the UK’s decision to vote to leave the European Union (EU) will have on business.

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    GLIO Holdings is to acquire a majority stake in online trading services provider London Capital Group (LCG).

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    Plus500 has announced a series of major management and directorate changes, including the appointment of Elad Evan-Chen as its new chief financial officer.

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    IG Group has appointed Mark Ward, a senior partner at financial services firm Deloitte, as interim chief financial officer.

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    IG Group has announced that Peter Hetherington, who has been serving as chief executive on an interim basis, has been appointed to the role on a full-time basis.

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    Playtech has opted to pull out of its proposed merger with Plus500, despite last week stating that it was confident of completing a deal by the end of the year.

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    Playtech has said it remains confident that its proposed acquisition of Plus500 will go ahead before the end of the year, with the firm expecting a decision on its application to the Financial Conduct Authority (FCA) to be made next month.

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    Playtech has moved to update the market on the progress of its acquisitions of both Plus 500 and Ava Trade.

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    Gaming software and services supplier Playtech has struck a deal to acquire the entire issued ordinary share capital of Plus500 in a deal that values the Israeli spread betting company at approximately £459.6 million (€641.5 million/$702 million).

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    Magnus Hedman, owner of sports betting risk management firm Touchbet, has been revealed as the new majority shareholder of online gaming operator Pinnacle Sports.

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    Charles-Henri Sabet, the newly appointed chief executive officer of London Capital Group Holdings (LCG), has said that a new growth strategy has been put in place for the online financial services and spread betting firm this year following dips in key financials in 2014.

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    Online financial services and spread betting firm London Capital Group Holdings (LCG) has appointed Dr. Charles Poncet, Dimitri Goulandris and Julien Cohen as non-executive directors with immediate effect.

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    Charles Henri-Sabet, executive chairman of London Capital Group Holdings (LCG), said that despite the online financial services and spread betting firm having suffered losses in the nine months through to September 30, he is confident that new investment will drive growth.

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    Online financial services and spread betting firm London Capital Group Holdings completed the execution of its licensing agreement between its LCG subsidiary and Algoweb.

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    Online financial services and spread betting firm London Capital Group Holdings has announced a proposed software-as-a-service agreement between its LCG subsidiary and Algoweb.