Daily news

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    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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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.

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    The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.

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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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    The UK Gambling Commission (UKGC) has revealed it issued more than £18m (€20.1m/$23.6m) in fines to gambling companies during the past financial year

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    GVC Holdings has agreed a deal to acquire a 51% stake in Mars LLC (Crystalbet) for a consideration of €41.3m ($50.8m)

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    The Danish igaming market is small but almost perfectly formed, with its business-friendly approach driving a high number of consumers to use licensed operators, the latest research from the iGaming Business Market Monitor reveals.

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    GVC Holdings has said that it was able to achieve “significant” growth in the six months to June 30, while also announcing that Richard Cooper will step down as chief financial officer.

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    Online gaming operator bwin.party has confirmed that talks over the possibility of selling all or part of its business to potential suitors have entered an advanced stage.

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    Online gambling company Betfair saw a 50% increase in its active customer base in the first half of 2014 and is to return £200 million (€254.6m/$313.5m) to shareholders.

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    Canadian gaming provider Amaya Gaming has hailed the “immediate” impact of its takeover of Rational Group, the operator of online poker brands PokerStars and Full Tilt Poker, after posting a huge year-on-year increase in quarterly revenue.

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    This week the iGB Diary marvels at Willie Brown's damascene conversion, wonders why Paddy was so soft on Giggsy, roots for gender equality and praises Ladbrokes (yes you read that right).  

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    This week the Diary reports on the bwin-SpringOwl fall out, Jon Stewart gives Adelson the Daily Show treatment, Gala Bingo's all a-flutter and Henry Birch starts his spell at Rank. 

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    In typical Playtech style, the igaming giant sets out its betting stall, Betfair links up with Snapchat, Spain should beware not regulating slots and some media not so eagle eyed. 

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    We've got an ICE special edition for you this week with some of the juiciest gossip from the show.

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    This week in the iGB Diary: ARJEL's taking its time, Cali Rod for his own back and 'Gazza' (dello Sport) in betting metldown. 

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    French online gaming regulator ARJEL revealed that poker continued to fall while online betting continued its strong performance in 2013.

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    Ah, the Christmas season is upon us, so get into the spirit of things with our gift suggestions for your favourite igaming bods. Here's a few we've come up with.

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