Finance Daily News

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    US financial services corporation Fidelity National Information Services (FIS) has struck a $35bn (£26.4bn/€30.8bn) deal to acquire Worldpay, one of the iGaming industry’s most prominent payment providers.

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    Paf has urged rivals to disclose their customers’ annual wins and losses to open a “genuine debate” about problem gambling after revealing that a mandatory loss limit helped to reduce its players’ average account deficit by nearly 20% in 2018.

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    Sports betting revenue in Pennsylvania fell by 25.4% month-on-month in February despite the state’s handle only falling slightly, according to the latest figures released by the Pennsylvania Gaming Control Board (PGCB).

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    The Gambling Awareness Trust has been established to tackle problem gambling-related issues in Ireland, with the independent charity to have access to over €1m (£854,400/$1.1m) in funding each year.

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    Online gaming operator 888 Holdings has completed the purchase of JPJ Group’s Mandalay bingo business for £18m (€21.0m/$23.7m). Announced last month, the deal will see London-listed 888 take full ownership of various bingo assets, including Costa Bingo, from JPJ subsidiaries Jet Management Group and Jet Media.

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    Gaming Innovation Group (GiG) has confirmed that it will list its shares on Nasdaq Stockholm later this month, with the first day of trading planned for March 26.

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    Online gambling operator 888 Holdings has reported record EBITDA for the 12 months through to December 31, 2018, despite also posting a slight decline in revenue for the full year.

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

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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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    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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    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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    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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    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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    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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