Daily news

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    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.

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    William Hill has revealed that it expects to post better-than-expected adjusted operating profit for the year ended 31 December, 2019, with the bookmaker forecasting that the final figure will fall between £143m (€167.0m/$185.8m) and £148m.

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    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.

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    The chairman of New Zealand’s Racing Industry Transition Agency (RITA) Dean McKenzie will take on the role of executive director once current chief executive John Allen steps down at the end of 2019.

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    The Philippine Amusement and Gaming Corporation (PAGCOR) has officially approved a strategic partnership with gambling event giants Clarion Gaming and SiGMA, confirming plans for a major event in the country's capital Manila next year.

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    French gaming operator La Française des Jeux (FDJ) has agreed a deal to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners.

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    Playtech has said that it is evaluating all options for its TradeTech Group after it revealed that struggles within the financials division during the 17 weeks to 31 October meant the business is set to miss its full-year earnings projections.

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    Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has revealed that 127 people have so far accessed new, state-funded psychologist support for consumers affected by gambling-related problems.

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    Various major operators have declared their support for a new, UK-facing safer gambling initiative aimed at addressing the harm gambling can cause to consumers and young people.

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    UK Tote Group, the consortium of racecourse owners formerly known as Alizeti, has completed its acquisition of UK pool betting operator the Tote. UK Tote Group is now the sole owner of the Tote.

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    Australian lotteries and betting operator Tabcorp has appointed David Gallop, currently chief executive of Football Federation Australia, as a non-executive directo of the business.

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    Flutter Entertainment, the parent company of Paddy Power Betfair, has agreed a deal to acquire all of the shares in The Stars Group and merge with the operator to form a combined business with annual revenue of £3.8bn (€4.3bn/$4.7bn).

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    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.

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    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.

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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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    The New South Wales (NSW) Government has set out plans to conduct a study into the effectiveness of existing responsible gambling measures in the Australian state and consider ways to better protect consumers from gambling-related harm.

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    Gauselmann Group’s Merkur Sportwetten subsidiary has begun its overhaul of the recently-acquired Polish betting and gaming business Totolotek, with a number of enhancements made across retail and digital channels.

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    The Washington, DC Council has awarded Intralot a five-year contract to power the city lottery’s sports betting offering, despite mounting concerns over the manner in which the contract was handed to the Greek lottery and gaming solutions provider.

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    The Remote Gambling Association (RGA) and Association of British Bookmakers (ABB) are to be wound up and replaced by the Betting and Gaming Council, a new UK-facing operator body that aims to act as the industry’s mouthpiece. British Beer & Pub Association chief executive Brigid Simmonds will lead the new body.

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    Betting technology provider Sportech has named its interim executive chairman Richard McGuire as its new chief executive officer.

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