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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    Online gaming platform and content developer Pariplay has expanded into the regulated Swedish market after entering into a new partnership with national operator Svenska Spel.

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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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    A host of leading betting and gaming operators have struck partnerships with local operators in Buenos Aires as Argentina’s capital province moves towards the roll-out of online gambling.

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    Gross gambling yield for the UK’s online gaming sector climbed 2.9% to £5.6bn in the 12 months to September 2018, despite the wider gambling market seeing a decline during the period.

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    Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019.

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    Colorado Governor Jared Polis has signed off on a bill that would legalise sports betting in the state, but the measure must now be ratified by voters in order to come into effect.

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    Sports betting revenue in the state of Rhode Island hit an all-time high of $1.97m (£1.56m/€1.77m) in April, despite a significant decline in customer activity over the month.

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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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    The Czech Republic’s Ministry of Finance has confirmed that it will increase the tax rate on certain gambling activities in the country from January 2020. Taxes will be split into three levels, according to how harmful the government perceives the activity to be.

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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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    Belgium’s licensed igaming operators are facing a number of significant restrictions on advertising, with a package of controls approved in October 2018 coming into force this Saturday (June 1).

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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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    SugarHouse Casino has moved a step closer to becoming the first gambling operator to roll out an online and mobile sportsbook service in the regulated state of Pennsylvania after beginning a series of test launches. Should this soft launch be completed without any issues, it could officially launch its offering later this week. 

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    Spanish police have made a series of arrests over alleged match-fixing activities in the country’s top two divisions of club football, with current players among those caught up in the scandal.

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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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    Roar Digital, the joint venture between GVC Holdings and MGM Resorts, has been awarded an igaming licence by the Nevada Gaming Commission, as well as a transactional waiver by the New Jersey Department of Gaming Enforcement.

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