Daily news

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    Credit rating agency Standard & Poor's (S&P) Global has downgraded Codere for the fourth time in eight months, stating that the operator is at serious risk of defaulting on its debts in the coming six months.

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    Members of Norway’s parliament, the Storting, have called on the country's government to reject a suggestion from the Ministry of Agriculture and Food (LMD) for a NOK20,000 monthly loss limit for horse racing monopoly Norsk Rikstoto.

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    Norway’s gambling regulator, Lotteri-og Stiftelsestilsynet (Lotteritilsynet) is to launch a survey of the country’s banks to ascertain the approach taken by financial institutions to block payments to offshore sites, and investigate how they support customers with gambling problems.

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    Esports-dedicated bookmaker Cyber.bet has joined the Esports Integrity Commission (ESIC), the body established to fight match-fixing in the sport, as an anti-corruption supporter.

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    The feud between payments and know-your-customer services provider iSignThis (ISX) and the Australian Stock Exchange (ASX) has rumbled on, after ISX refused to provide the ASX with correspondence with shareholders over potentially delisting the company from the exchange.

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    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.

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    R. Franco Digital, the digital division of R. Franco Group, has signed an ongoing strategic partnership deal with gaming technology and service provider, Betconstruct.

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    Affiliate marketing services provider XLMedia has announced the appointment of Ken Dorward, formerly of Japanese e-commerce giant Rakuten, as its new president North America.

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    Sports betting and daily fantasy sports operator DraftKings has announced plans to launch a public offering of new shares in the US, with the aim of raising $567m.

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    Pennsylvania’s online gaming revenue has once again grown strongly month-over-month, while sports betting revenue has significantly increased from April 2020. 

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    The UK’s advertising standards authority has upheld three complaints against a website advertising a system for online casino bets, two for misleading and unsubstantiated claims and one for advertising gambling irresponsibly.

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    William Hill has raised £224m through the placement of 174.9m shares, priced at £1.28 apiece.

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    GAN has reported a year-on-year drop in revenue and profit for the first quarter, primarily due to the impact of the novel coronavirus (Covid-19) pandemic on the gambling software business.

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    William Hill has seen revenue for the 23 weeks to 9 June fall 32% year-on-year, though the operator claims that recent weeks have shown the business recovering strongly from the disruption caused by novel coronavirus (Covid-19).

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    Digital sports media group Futbol Sites Network Group (FSN) has joined forces with highly experienced gaming executives Jordan Gnat, Robin Chhabra and Andy Clerkson, in a bid to expand the network’s global reach.

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    GVC Holdings has joined forces with former tennis professional Janko Tipsarevic to launch a new tennis tournament to help raise funds for international novel coronavirus (Covid-19) relief efforts.

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    Sports data specialist Stats Perform has been named the exclusive data provider for competitions organised the Confederación Sudamericana de Fútbol (Conmebol), the continental governing body for football in South America.

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    The UK’s Advertising Association (AA) has rejected proposals from the Gambling Related Harm All Party Parliamentary Group (APPG) to ban all forms of gambling advertising, saying that such a move is not necessary at present.

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    Konsumentverket, the Swedish consumer ombudsman (KO), has warned former horse racing monopoly AB Trav och Galopp (ATG) over advertising messages sent to self-excluded players.

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    Latvian operator Enlabs has announced the launch of a new online gambling brand in the country in an effort to further bolster its presence in its home nation.

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