Rank Group has taken a step closer to completing its acquisition of online casino and bingo operator Stride Gaming after a court sanctioned the agreement. Rank has agreed to pay £115.3m to purchase Stride’s entire fully diluted share capital.
The Global Lottery Monitoring System (GLMS) has again urged more countries to ratify the Council of Europe’s (CoE) Convention on the Manipulation of Sports Competitions to help strengthen its impact on tackling match-fixing in sport.
Board members at Flutter and The Stars Group further outlined the details of the synergies from the companies’ mega-merger, while also assuring stakeholders that the deal would pass any competition-related hurdles.
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).
Members of the Gaming Regulators’ European Forum (GREF) have completed their year-long study into gambling-like microtransactions in video games, but have opted against specific recommendations to introduce measures against the features.
Online gaming solutions provider Aspire Global’s Karamba brand has been named as the subject of a lawsuit from Swedish consumer agency Konsumentombudsmannen (KO), who have accused Karamba of violating the marketing provisions of Sweden’s Gaming Act and Marketing Act.
Inspired Entertainment has completed its purchase of Gaming Technology Group (NTG), a division of Austrian gaming equipment and solutions giant Novomatic’s UK subsidiary. The deal is worth $120m (£97.8m/€109.9m) and covers the six companies within NTG.
Sports data provider Stats Perform has renewed two agreements with broadcaster BeIN for video betting rights related to the French Ligue de Football Professionnel (LFP) and Turkish Football Federation (TFF).
The Australian Ad Standards authority’s Community Panel has ordered the discontinuation of an advertisement for bookmaker Sportsbet for featuring an “onegative stereotype,” of women in a Twitter advertisement for its mobile app.
Kindred Group has joined forces with Swedish community initiative, "NU: Nolla Utanförskapet" (End Exclusion), to develop and launch a new project aimed at helping socially vulnerable young adults in Stockholm.
Online betting and gaming technology provider GAN has said that stronger-than-expected demand for its sports betting services in the US helped to drive gross operator revenue up 202.7% year-on-year during the third quarter.