Daily news

  • daily_news

    Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.

  • daily_news

    Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.

  • daily_news

    Shareholders of Diamond Eagle Acquisition Corp. have approved the acquisitions of DraftKings and SBTech and the public listing of the new entity.

  • daily_news

    Kambi Group has revealed that it expects to achieve a year-on-year increase in revenue for the first quarter of 2020, while the sports betting service provider has set out a series of cost-saving measures to help mitigate the impact of novel coronavirus (Covid-19).

  • daily_news

    iGaming operator and supplier Newgioco has reported a decline in sports betting revenue in March, though this has been mitigated in part by growth in other verticals.

  • daily_news

    Poland’s Association of Employers and Employees of Bookmakers has called on the country's government to step in and help the sector avoid significant job losses as a result of the novel coronavirus (Covid-19) pandemic.

  • daily_news

    New Zealand Racing and the TAB have taken the decision to close all retail sites and temporarily suspend racing after the national government announced that it would move the country to Alert Level 4 of the Covid-19 alert system later today (25 March).

  • daily_news

    Norwegian horse racing monopoly Norsk Rikstoto could potentially merge with Norsk Tipping to jointly run the country’s horse racing betting monopoly, according to a new report commissioned by the country's government.

  • daily_news

    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.

  • daily_news

    Affiliate giant Catena Media has amended the terms of the second and final earn-out payment for its purchase of BayBets, the German sports betting affiliate it agreed to acquire in December 2017. This will see Catena take full control of the business earlier than expected, and for a lower price.

  • daily_news

    The Horseracing Betting Levy Board (HBLB) has warned that the Levy for the UK industry in 2018-19 is set to fall short of expectations by some distance, with forecasts placing the sum paid to the industry down by £17m (€9.4m/$21.7m) from the previous year.

  • daily_news

    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.

  • daily_news

    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.

  • daily_news

    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.