Daily news

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    The Rank Group has reached an agreement on an all cash offer to acquire Stride Gaming, paying 151 pence per share for the business. This values Stride at £115.3m. 

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    Multinational online payments giant Paysafe Group has appointed Philip McHugh as its new chief executive, replacing Joel Leonoff in the role. McHugh joins from Total System Services, with Leonoff shifting to a new role as vice chair of Paysafe's board.

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    Kenneth Alexander, chief executive of GVC Holdings, has agreed to take a pay cut of £150,000 (€169,888/$188,941) following pressure from the operator's shareholders.

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    Asian gaming giant Melco Resorts and Entertainment has signed a definitive purchase agreement to acquire a 19.99% stake in Australian gaming operator Crown Resorts.

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    Brazil’s much-delayed privatisation of the state’s instant lottery games business Loteria Exclusiva Instantânea (Lotex) has once again been postponed following a lack of interest in from potential bidders.

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    Danish gambling operator Danske Spil has revealed that Allan Auning-Hansen is to step down as its chief financial officer. Auning-Hansen will become a partner and CFO of juice bar and coffee shop chain, Joe & The Juice.

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    Online gaming software supplier EveryMatrix has struck a deal to sell off its customer-facing brand Jetbull to Swedish operator Amgo iGaming in a €2m (£1.8m/$2.2m) deal.

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    Scientific Games has appointed Jamie Odell, formerly CEO of Aristocrat Leisure, as special advisor to both its chairman and CEO.

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    Former Swedish gambling monopoly Svenska Spel has appointed NetEnt’s Anna Romboli as business area manager for its Tur division. Romboli will join the operator on August 12.

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    Paddy Power Betfair has completed its rebrand as Flutter Entertainment, after shareholders overwhelmingly backed the name change earlier this month.

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    Stockholm-listed Better Collective will significantly expand its presence in the US market through the acquisition of daily fantasy and sports betting affiliate Rical LLC, operator of the RotoGrinders and SportsHandle portals.

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    Swedish gambling operator Svenska Spel has appointed Carolina Swaffer to the new role of head of agents, customer service and partner services. Swaffer will join from postal service PostNord Sverige on June 1.

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    Bet365 has confirmed that it is to increase its operational presence in Malta and relocate certain functionality to the country due to ongoing concerns as to how the UK’s exit from the European Union will impact its business in Gibraltar.

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    Racecourse owners and breeders organisation Together for the Tote has named Mark Kemp, formerly of Ladbrokes Coral Group, as its new UK managing director.

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    Betting exchange BETDAQ has donated sponsorship space on the front of EFL League One football club Sunderland’s jerseys to a charity as part of parent company GVC Holdings’ Changing for the Bettor corporate social responsibility drive.

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    European regulatory authority Gaming Regulators European Forum (GREF) has appointed Jorn Starck, executive director of the Alderney Gambling Control Commission, as its new chairman.

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    Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.

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    GVC Holdings has stepped up its corporate social responsibility campaign Changing for the Better by partnering the Safer Online Gambling Group (SOGG), a body set up by a former gambling addict to raise awareness of gambling-related harm.

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    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.

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