Daily news

daily_news
10 August 2020
Tsogo Sun acquires stake in sportsbook operator Betcoza
South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.
daily_news
5 August 2020
Playtech hails “outstanding operational resilience” in H1
Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.
daily_news
5 August 2020
VAT refund boosts William Hill profit after H1 Covid-19 hit
William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.
daily_news
28 May 2020
Flutter completes £800m share sale as Q2 revenue grows
Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.
daily_news
27 April 2020
ATG grows Q1 revenue but admits Covid-19 causing uncertainty
Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).
daily_news
23 April 2020
Retail network shut-down hits Veikkaus revenue
Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.
daily_news
2 April 2020
OPAP begins CEO search as Cope prepares departure
Greek gaming operator OPAP has begun the process of identifying a successor to chief executive Damian Cope, who is to step down from the role when his four-year contract comes to an end.
daily_news
2 April 2020
OPAP revenue grows in 2019, but Covid-19 set to bite
Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.
daily_news
16 March 2020
UK racing to go spectator-free
The British Horseracing Association (BHA) has announced that scheduled racing events will continue to take place, albeit without spectators and with restrictions on the number of attendees, as a result of the novel coronavirus (Covid-19) pandemic.
daily_news
16 March 2020
WH suspends dividend as part of Covid-19 mitigation plan
William Hill has announced that it expects a material impact on revenue and earnings from the novel coronavirus (Covid-19) pandemic, and has therefore suspended its 2019 dividend to retain financial resources within the business.
daily_news
2 March 2020
Gambling market faces 8% revenue hit from Covid-19 in 2020
H2 Gambling Capital expects the outbreak of the novel coronavirus (Covid-19) to lead to a decline of up to 8% in global gambling gross win in 2020, only the second time annual revenue will have fallen in 20 years.
daily_news
26 February 2020
William Hill outlines strategy for sustainable growth
William Hill has set out how it plans to grow into a “digitally led, internationally diverse business of scale”, with a focus on growing revenue, improving operational efficiency and scale, underpinned by a competitive customer offering and agile team.
daily_news
17 February 2020
William Hill appoints Adrian Marsh as new finance chief
William Hill has announced that Adrian Marsh will join the business as the company’s new chief financial officer later this year, replacing the outgoing Ruth Prior in the role.
daily_news
17 January 2020
RITA admits new product provision concerns in NZ racing bill
New Zealand’s Racing Industry Transitional Authority (RITA) admitted concerns that the Racing Industry Bill does not offer enough flexibility for the roll-out of new betting products, but revealed that a bill regulating online betting may be in the works.
daily_news
23 December 2019
DraftKings and SBTech to combine as listed gaming giant
DraftKings has struck a deal that will see it acquired by a special purpose acquisition company alongside betting and gaming technology provider SBTech, with the combined entity to be listed on the Nasdaq Stock Exchange.
daily_news
21 October 2019
Slot association sets out wish list for German re-regulation
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.
daily_news
26 September 2019
GambleAware to explore how banks can tackle problem gambling
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.
daily_news
21 August 2019
SKS365 hit with €124m Italian tax claim
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.
daily_news
15 August 2019
GVC bullish on regulatory prospects in Germany and beyond
GVC Holdings remains confident that the business will be able to withstand potential regulatory headwinds across a number of its key and emerging markets, and believes it will see little change to German operating conditions.
daily_news
15 August 2019
GVC ups profit guidance as online revenue hits $1bn in H1
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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