Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.
Andy Hornby is to step down from his role as co-chief operating officer of GVC Holdings to become chief executive of The Restaurant Group. Hornby will have an annual base wage of £630,000 at the group.
US casino operator Delaware North has filed a lawsuit against its sports betting joint venture partner Miomni Gaming, accusing the supplier and its CEO Michael Venner of engaging in “an ongoing pattern of misrepresentation and bad faith” throughout the partnership.
French gaming operator La Française des Jeux (FDJ) has set out plans to ramp up corporate social responsiblity (CSR) efforts as part of a wider effort to clamp down on issues such as underage gambling, fraud and money laundering.
Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.
Jason Paradise, head of trading at Digital Sports Tech, highlights why local expertise within the US sports betting market is the key to gaining a competitive advantage in the world’s most exciting emerging territory
The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.
While it may have shied away from the industry arms race seen in the weeks following the Supreme Court’s repeal of PASPA, Amelco has quietly been carving out a niche in the nascent US sports betting market. The supplier’s chief executive Damian Walton discusses the current state of the market.
Keith Alexander has said he will not sell any more of his shares in GVC Holdings while he is chief executive of the gambling giant. Earlier this month, Alexander sold 2.06m shares worth £13.7m (€16.0m/$18.0m).