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Finance » Management
  • daily_news
    5 December 2019

    iSignThis launches legal action over ASX share suspension

    Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.

  • daily_news
    4 December 2019

    Danish regulator orders 888 to strengthen AML processes

    Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.

  • daily_news
    4 December 2019

    Better Collective to bolster M&A war chest with share sale

    Affiliate marketing giant Better Collective has raised SEK312m (£25.1m/€29.5m/$32.7m) for future M&A activity through the directed issue of 4m shares in the business.

  • daily_news
    2 December 2019

    Intralot revenue and profit decline continues into Q3

    Lottery and gaming solutions provider Intralot has once again reported a year-on-year decline in quarterly revenue, with the total for the three months to 30 September falling 5.4%.

  • daily_news
    22 November 2019

    Playtech evaluating Tradetech future as division struggles

    Playtech has said that it is evaluating all options for its TradeTech Group after it revealed that struggles within the financials division during the 17 weeks to 31 October meant the business is set to miss its full-year earnings projections.

  • daily_news
    20 November 2019

    Codere clarifies LatAm financial inconsistencies

    Gambling operator Codere has altered its financial results for the first half of the year after an investigation into accounting inaccuracies uncovered a number of errors with the reporting for its Mexico, Colombia and Panama operations.

  • daily_news
    20 November 2019

    French state set for €1.89bn windfall from FDJ IPO

    France’s Agence des participations de l’État (APE) has hailed the success of the initial public offering of gaming giant La Française des Jeux (FDJ), which could generate proceeds of €1.89bn for the state.

  • daily_news
    15 November 2019

    Scout slashes losses as client base grows in Q3

    Scout Gaming Group has reported a 127.5% year-on-year increase in third quarter revenue, while the fantasy sports software supplier was able to significantly reduce its net loss for the period.

  • daily_news
    13 November 2019

    Svenska Spel commits SEK50m to Swedish grassroots sports

    Swedish gambling operator Svenska Spel has donated more than SEK50m (£4.0m/€4.7m/$5.1m) to grassroots sports in the country for the seventh consecutive year as part of its Gräsroten initiative.

  • daily_news
    13 November 2019

    HSBC rolls out gambling transaction blocking scheme

    Banking group HSBC UK has joined forces with industry charities GamCare and GambleAware to develop and launch a new self-restriction tool to enable its customers to block gambling transactions on their accounts.

  • daily_news
    12 November 2019

    Bragg names new CFO as Q3 net loss narrows

    Bragg Gaming Group has reported revenue of CAD$10.0m for the third quarter of 2019, while starting tomorrow, the business will have a new finance chief as bwin.party veteran Stephen Prowse takes over the role from Ashkay Kumar.

  • daily_news
    6 November 2019

    Swedish regulations continue to harm GiG as losses widen

    Gaming Innovation Group (GiG) has reported lower revenue and wider losses in the third quarter, primarily due to the ongoing impact of new regulations in Sweden, while the operator and supplier has also announced the permanent appointment of Richard Brown as its chief executive.

  • daily_news
    5 November 2019

    OPAP secures Greek approval for Stoiximan acquisition

    The Hellenic Competition Commission (HCC) has given its approval to OPAP’s pending acquisition of a majority stake in Stoiximan Group’s Greek and Cypriot operations.

  • news_analysis
    3 November 2019

    Inmates running the asylum

    While UK loyalists caught in the regulatory and political storm in the UK may be tempted to point to Sweden and say they’ve got it much worse, they’re simply clutching at straws, argues Julian Buhagiar. They could be waiting up to three years for new rules that reflect post-EU business realities

    Subscriber content
  • daily_news
    28 October 2019

    Nektan raises £2.6m through new share placement

    White label and gaming content provider Nektan has completed its share placement to raise new working capital, with the final proceeds of £2.6m ultimately failing short of its original £3.0m target.

  • daily_news
    24 October 2019

    Betsson targets M&A and new markets following Q3 struggles

    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

  • daily_news
    24 October 2019

    Private equity firm to purchase 48.7% stake in Gamenet

    New York-based private equity firm Apollo Global Management has agreed to acquire 48.67% of the issued share capital in Gamenet from the two largest shareholders in the Italian gaming operator.

  • daily_news
    21 October 2019

    FDJ secures regulatory approval for November IPO

    French gaming operator La Française des Jeux (FDJ) has secured approval from the country’s stock market regulator to proceed with its initial public offering (IPO), in a move that marks the first step towards the privatisation of the business.

  • daily_news
    21 October 2019

    Nektan announces fourth extension to fundraising drive

    White label and gaming content provider Nektan has extended the deadline for orders for a placing to raise £3.0m in working capital for the fourth time, after revealing that certain parties were proposing “unacceptable” terms in return for investment.

  • daily_news
    18 October 2019

    MGM Resorts to sell Bellagio and Circus Circus for over $5bn

    Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn. MGM has also struck a deal to sell Circus Circus for $825m to an affiliate of Treasure Island owner Phil Ruffin.

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