Daily news

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    Inspired Entertainment has entered into a definitive agreement to purchase the Gaming Technology Group (GTG) arm of Novomatic UK. The supplier will pay $120m (£94.4m/€106.0m) to acquire the assets.

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    Australian gaming machines and content provider Ainsworth Game Technology has warned that it is likely to miss financial targets for the second half of its 2019 financial year, with its current performance failing to meet expectations.

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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    LeoVegas has reported an 11.6% rise in revenue for the first quarter of 2019, though growing costs saw the Stockholm-listed gaming operator post a €31,000 (£26,611/$34,757) loss for the period.

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    Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.

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    Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.

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    Gaming platform and services provider Nektan has reported a 5.9% year-on-year increase in revenue for the third quarter of its financial year, though noted that performance in the period was impacted by a number of factors.

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    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

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

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    Shareholders at Integrity Gaming have voted to approve the slot route operator’s pending acquisition by gaming technology supplier PlayAGS.

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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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    The Affiliate Company Game Lounge subsidiary of Cherry AB has completed the acquisition of Slot Tracker

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    Playtech has announced the acquisition of online gaming slots software supplier Eyecon for a total consideration of £50 million (€58.2 million/$62.2 million).

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    Win Systems has acquired gaming machines and electronic roulette company Gold Club for an undisclosed amount.

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    Tatts Group has agreed to sell its Talarius UK-based slots business to Novomatic in a deal worth Aus$210 million (€141.2 million/US$156 million).

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    Playtech has brokered a deal to acquire Swedish games studio Quickspin.

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