Daily news

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    David Schjelde has agreed to re-join software development company EveryMatrix as its chief financial officer.

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    The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.

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    Indian casino operator Delta Corp has acquired a 15.52% stake in Halaplay Technologies, the parent company of fantasy sports brand Halaplay.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has finalised its acquisition of certain ownership interests of Midwest Gaming Holdings, the parent company of Rivers Casino Des Plaines in Illinois.

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    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

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    PlayAGS has reported a 34.6% year-on-year increase in revenue for 2018, while the gaming technology supplier was also able to cut its full-year loss by half.

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    Online affiliate and content marketing business Raketech has repaid its entire corporate debt of €7.7m (£6.6m/$8.7m), cutting its quarterly financial expenses in the process.

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    Betclic Everest Group subsidiary Bet-at-Home has reported a 2.3% decline in net betting and gaming revenue for 2018, blaming the decline on increased fees and levies paid out over the year.

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    Customer wins saw Nevada sports betting revenue fall in January, despite amounts wagered reaching a record $497.0m. Overall statewide gambling revenue was down 3% year-on-year for the month

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    William Hill reaffirmed its goal of doubling profits by 2023, despite reporting a £721m loss for 2018. Its strategy, first outlined at its capital markets day in November last year, is centred around three areas: driving digital growth in the UK and internationally; growing a business of scale in the US; and remodelling UK retail.

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    Ninja Casino operator Global Gaming has reported a 100.0% increase in revenue for 2018, despite admitting that it had missed its internal revenue and earnings targets in the fourth quarter of the year.

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    William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has moved to increase its fines for unlicensed online gambling activities in the country, after saying the previous penalties were not “terrifying” enough.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    Codere has cited the devaluation of the Argentine Peso and subsequent impact on its business in the county as the main reasons behind a 9.9% drop in revenue in 2018.

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    Webis Holdings, the parent company of WatchandWager, has reported a drop in revenue and profit for the first half of its financial year, mainly due lower turnover activity in its international B2B division.

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    Gambling.com Group has cited organic growth, in combination with M&A activity, as a key driver of a year-on-year increase in revenue for 2018, and for helping it post a profit for the period after making a loss in its 2017 financial year.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has issued 1xBet with a fine of €400,000 (£344,200/$454,500) for targeting consumers in the country without permission.

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    Delaware’s legal sports betting market has reported a 91.1% month-on-month decline in revenue for January, with less player activity resulting in a decline in amounts wagered.

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