Daily news

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    The GB Gambling Commission has confirmed the appointments of Terry Babbs, Brian Bannister, Jo Hill and Sir Martin Narey as commissioners for the national regulatory body.

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    Sazka Group believes it is coming to the end of the disruption caused by the novel coronavirus (Covid-19) pandemic, but says the rapidly evolving situation makes it difficult to determine the crisis' economic impact on the business.

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    Flutter Entertainment, the operator of the Paddy Power Betfair business, has announced that it will finalise its acquisition of and subsequent merger with The Stars Group (TSG) on 5 May.

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    GVC Holdings has agreed terms on a new revolving credit facility (RCF) worth £535m (€614.4m/$668.3m) as part of its strategy to mitigate the impact of the novel coronavirus (Covid-19) on its business.

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    Gambling software provider GAN has set out plans for its initial public offering (IPO), through which it aims to raise up to $34.5m.

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    Australian gaming machine supplier Aristocrat Leisure will furlough 1,000 employees and permanently lay off another 200 to mitigate the impact of the novel coronavirus (Covid-19) crisis.

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    The British Horseracing Association (BHA) has defended its decision to delay any resumption of racing in the UK, after its chief executive Nick Rust was reportedly urged to resign over the organisation’s handling of the crisis.

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    Playtech has announced the appointment of Claire Milne as its interim chairman, with effect from its annual general meeting on 20 May.

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    The eligibility requirements for the Paycheck Protection Program (PPP) have been amended to allow small gambling businesses to benefit from the fund, following an intense lobbying effort from the American Gaming Association (AGA).

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    Caesars Entertainment has launched a new assistance fund to support staff and local communities across the US negatively impacted by the outbreak of novel coronavirus (Covid-19).

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    Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).

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    Shareholders in The Stars Group (TSG) have overwhelmingly voted in favour of the operator’s proposed acquisition by Flutter Entertainment.

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    The Horserace Betting Levy Board has released £6.5m worth of capital credits to British racecourses to help them with cash flow during the novel coronavirus (Covid-19) crisis.

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    New Zealand’s Racing Industry Transition Agency (RITA) has announced initial approval for businesses and stakeholders in the country’s thoroughbred and harness racing sectors to return to work on 28 April.

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    German gaming giant Gauselmann Group has begun planning to resume business activities in the country as the country's government begins to relax social distancing measures implemented to combat the spread of novel coronavirus (Covid-19).

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    Intralot believes the impact of novel coronavirus (Covid-19) on the business is yet to reach its peak, and does not expect to return to normal levels of activity until November this year.

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    Shareholders of Diamond Eagle Acquisition Corp. have approved the acquisitions of DraftKings and SBTech and the public listing of the new entity.

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    Kindred Group reported an 11.3% rise in first quarter revenue, and while net profit fell to £1.0m, the operator said a number of exceptional costs incurred during the period made it difficult to compare results on a year-over-year basis.

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    Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.

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    XB Systems has brokered an agreement to merge its X-Bet.co esports betting brand with UltraPlay white label site Buff.bet, in a deal it said would support its planned initial public offering (IPO).

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