Morgan Stanley’s downgrading of some of the leading businesses in online poker has prompted The Stars Group to take steps to explain to players the measures it has employed to ensure they can enjoy a fair game, says poker chief Severin Rasset.
888 Holdings has put a significant year-on-year decline in profit before tax in the first half down to higher spending, although the online gambling operator was able to post an increase in revenue for the period.
The Swiss canton of Glarus has launched a public consultation on a series of changes to its gambling laws, following the implementation of the Federal Act on Real-Money Gaming (Bundesgesetz über Geldspiele) in January 2019.
The summer’s lack of a major sports betting event slowed the growth of Spain’s regulated online gaming market, though the popularity of online slots ensured the market posted year-on-year growth during the second quarter.
Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.
GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.