Daily news

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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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    The Administrative Court of Linköping has ruled that Swedish gamblers cannot end periods of self-exclusion before the agreed period.

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    Irish sports betting operator BetBright has shut down its customer-facing site following its acquisition by 888 Holdings.

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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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    Lottery betting operator Lottoland has reiterated its commitment to its current home in Gibraltar despite securing two licences by the Malta Gaming Authority.

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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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    888 Holdings has agreed to purchase the Irish sports betting operator Betbright, including its proprietary platform, in a deal worth £15m (€17.5m/$19.9m). The deal will give 888 complete ownership of its technology and product development across the four leading igaming verticals, as well as growing its presence in the sports betting market.

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    Lotteries and gaming solutions provider Intralot has named chairman and founder Sokratis Kokkalis as its new chief executive, replacing Antonios Kerastaris.

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    US casino giant Caesars Entertainment has reached an agreement with Carl Icahn, which will see the activist investor support all proposed board nominations at the operator’s 2019 Annual General Meeting.

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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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    The Labour Party is to demand mandatory limits on player spending, staking and speed of play for online gaming as part of a root-and-branch overhaul of igaming regulation in England, Scotland and Wales.

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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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    The Senet Group is calling on gambling operators to help customers set and adhere to their own boundaries, after new research from the UK-facing responsible gambling organisation suggests all gamblers want to stay in control of their habits, regardless of their risk profile.

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    Sportradar has moved to enhance its relationship with Major League Baseball (MLB) to become the organisation’s official global data partner.

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    Gambling addiction charity GamCare has launched an invitation to tender for companies specialisting in digital cognitive behavioral therapy (CBT) solutions as it looks to expand the range of services it offers to those affected by gambling-related issues.

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    DraftKings has agreed a multi-year partnership with Caesars Entertainment that will give the operator access to a number of state gambling markets as and when regulation is passed.

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