The UK’s Competition and Markets Authority (CMA) has given its approval to the proposed mega-merger between Flutter Entertainment, the parent company of Paddy Power Betfair, and Sky Bet operator The Stars Group.
Last year solicitor Henrietta Dunkley negotiated a settlement worth £120,000 for a gambler from a bookmaker for failing to adhere to the Social Responsibility Code. She explains the implications for the wider industry.
The executive leadership of Scientific Games has voluntarily reduced its salaries by 50%, with chief executive Barry Cottle going without pay, as part of the solutions giant’s efforts to mitigate the novel coronavirus (Covid-19) pandemic.
Inspired Entertainment has implemented a range of actions to maintain financial flexibility and preserve liquidity after revealing that the closure of clients’ retail facilities due to novel coronavirus (Covid-19) has affected its revenue streams.
Sweden’s former gambling monopoly Svenska Spel has announced a series of measures to help the business mitigate the novel coronavirus (Covid-19) pandemic, including cancelling a proposed dividend and furloughing the vast majority of its casino staff.
The Philippine Amusement and Gaming Corporation (PAGCOR) has said that the current restrictions enforced in the country due to novel coronavirus (Covid-19) are costing the association up to PHP6bn (£95.1m/€107.4m/$117.8m) a month.
Online gaming affiliate business Net Gaming Europe has said expects the novel coronavirus (Covid-19) pandemic to have a “limited” impact on business, with a quarter-on-quarter drop in revenue forecast for the first three months of 2020.
The Delaware Lottery has revealed that sports wagering revenue in the state amounted to $159,800 in February, representing a huge year-on-year increase, but a sharp decline on the total generated in January 2020.