Daily news

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    Venture capital fund Vereeni Investments has acquired a stake in India-facing fantasy sports operator Nostragamus for an undisclosed, seven-figure sum.

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    XLMedia has put a 10% year-on-year decline in revenue during the first half of the year primarily down to regulatory headwinds, while the digital marketing service provider also saw gross profit slip 9% in the period.

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    Gaming Innovation Group (GiG) has opted to halt investments in its proprietary game studio, GiG Games, owing to a “negligible” of return on investment so far. The move will save the operator and supplier around €250,000 per month.

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    Caesars Entertainment has agreed the $516.3m sale of the Rio All-Suite Hotel & Casino, the Las Vegas-based venue that has served as the home of the World Series of Poker since 2005.

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    AGTech Holdings has further enhanced its position in the Chinese market by securing two contracts to supply sports lottery terminals in the provinces of Jiangsu and Heilongjiang. The lottery solutions provider agreed the deals through its Beijing AGTech GOT Technology subsidiary.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has fined The Stars Group €400,000 (£353,442/$439,500) for operating without a licence in the country, via the PokerStars.eu domain.

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    Global Gaming has transferred its NinjaCasino.se domain to Finnplay subsidiary Viral Interactive, which could see the brand resume activities in the Swedish market months after the operator's licence was revoked.

     

     

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    iGaming software supplier and white label solutions provider EveryMatrix has announced that it will give up its B2C operating licences for remote betting and casino in the UK and instead focus on its B2B operations.

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    The Greek Council of State, the country’s supreme administrative court, has revoked the online sports betting licence of  OPAP.

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    Joint efforts from police in China and Cambodia to combat illegal online gambling in both countries have led to the arrest of almost 1,000 people so far this year.

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    Germany’s Federal Centre for Health Education (BZgA) will look to educate players about the risks associated with gambling, especially around land-based slot machines, with a new annual awareness raising day taking place for the first time this week. The centre, a subsidiary of the federal Ministry of Health, estimates there are around 500,000 problem gamblers across Germany.

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    Yehuda Dahan has stepped down as chief financial officer of XLMedia with immediate effect. The digital marketing services provider will now begin a search to appoint a permanent replacement.

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    The GB Gambling Commission has given its approval to Rank Group’s proposed acquisition of online casino and bingo operator Stride Gaming. The bid, tabled in May, values Stride at £115.3m (€130.6m/$143.6m).

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    The UK’s Competition and Markets Authority (CMA) has given its approval to Inspired Entertainment’s proposed acquisition of Gaming Technology Group (GTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary.

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    Oddschecker Global Media, the affiliate marketing subsidiary of the The Stars Group-owned Sky Betting and Gaming, has struck a deal to acquire football statistics portal WhoScored.com.

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    Australian sportsbook operator PointsBet has bolstered its horse racing betting services by launching a customised racing channel in partnership with online wagering solutions provider BetMakers.

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    The Taiwanese Ministry of Justice has proposed an amendment to its legal code that would criminalise online gambling, which it describes as the cause of "social and family problems" in the country.

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    Isle of Man-based iGaming software supplier Microgaming has confirmed that it will close its Microgaming Poker Network (MPN) in 2020 following 16 years of service.

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    The National Association for Stock Car Racing (NASCAR) launched in-race betting Sunday, at the first race of the NASCAR Cup playoffs in Las Vegas. Bets were offered on in Las Vegas as well as casinos in three other states.

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    Gaming Innovation Group (GiG) has agreed to extend its partnership with Hard Rock International and support the casino operator with the launch of its new sportsbook offering in Iowa.

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