Affiliate marketing services provider XLMedia has reported a year-on-year drop in revenue and net profit in the first half, primarily due to the impact of the novel coronavirus (Covid-19) and Google demoting a number of its websites.
Chinese lottery provider 500.com has appointed accountancy firm MaloneBailey to provide support and advice on matters related to a case of alleged unlawful payments within the business after its previous auditor resigned amid a management dispute.
Responsible gambling charity GamCare has launched a new toolkit to help UK financial institutions, gambling businesses and debt advice agencies identify and support customers experiencing gambling-related financial harms.
The reduction in maximum stakes for fixed odds betting terminals (FOBTs) had a "lower than expected" hit on Betfred's revenue in the year ending 29 September 2019, allowing the operator to make a £153.6m (€169.3m/$197.1m) profit despite a 14.6% revenue decline to £621.4m.
US gaming giant Caesars Entertainment Inc. has set out further details of its possible cash offer for William Hill, saying that it is set to make a bid worth £2.9bn (€3.29bn/$3.71bn) for the bookmaker.
British casino operators have called on Chancellor of the Exchequer Rishi Sunak to provide financial support to help protect thousands of jobs they say are at risk across the industry due to new novel coronavirus (Covid-19) measures.
UK Chancellor of the Exchequer Rishi Sunak has set out details of a new novel coronavirus (Covid-19) job support initiative to replace the government’s existing furlough scheme, potentially providing a lifeline to land-based operators affected by the incoming 10pm curfew.
Bayes Holding, the company formerly known as Dojo Madness, has secured $6m in new funding from a number of high profile US investors, which will be used to further expand its data and content solutions.
The UK’s Competition and Markets Authority (CMA) is to investigate Evolution Gaming’s proposed acquisition of NetEnt, over concerns that the merger could lead to a reduction in competition in the British igaming market.
The British Horseracing Authority (BHA) has warned that the racing industry in Great Britain faces a “severe threat” after the return of spectators to events was delayed due to an increase in novel coronavirus (Covid-19) cases.