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Financial News

20th January
Amaya updates guidance ranges for 2016 as CFO retires
Today Amaya updated its previously announced guidance ranges for the full year of 2016, quarter four highlights, and the retirement of...
19th January
Caesars finally settles $18bn bankruptcy case
Caesars Entertainment Corporation has been given the go-ahead to finalise its $18bn bankruptcy case, with the company now set to focus...
17th January
Atlantic City breaks ten year losing streak all thanks to online gambling
New Jersey’s casino industry has just broken a ten year losing streak after posting a moderate 1.5% increase in revenues for...
13th January
Paysafe profits for 2016 set to hit $300m for the first time
Paysafe Group shares edged higher today after the FTSE 250 listed payment provider issued an ‘unaudited’ full-year trading update, stating that...
11th January
Amaya creates new financial agreement with former PokerStars owners
Amaya Gaming, Canadian poker operator, has signed a new financial agreement with Isai and Mark Scheinberg, former owners of PokerStars. On...
9th January
Amaya amends Rational Group payments plan
Technology-based products and services provider, Amaya Inc has confirmed that it will pay its $197.7m balance relating to the deferred purchase...
9th January
William Hill updates full year outlook as difficult December impacts profits
British operator William Hill has issued a full-year profit warning in its latest trading statement, as “customer-friendly” results in the football...
3rd January
Macau experiences third successive year of decline
The Gaming Inspection and Coordination Bureau recently published Macau’s final 2016 gambling revenue figures, revealing an accumulated gross revenue decline of...
28th December
UK National Lottery reaches new record of winning tickets in 2016
Camelot, operator of the UK National Lottery, recently announced that it has given away a record number of jackpot tickets this...
28th December
Pennsylvania warns Sands not to neglect tax obligations
Last week, casino operator Las Vegas Sands refused to pay the $10mn host fee for its Pennsylvanian casino in Bethlehem. However,...
20th December
Paysafe launches £100m share buyback programme
UK-based payments services company, Paysafe Group has confirmed that it intends to begin an inaugural share buyback programme of up to...
15th December
Catena Media acquires US online affiliate assets
Stockholm Nasdaq-listed Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets...
15th December
888 expected to achieve full-year target
888 reported that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be in line with expectations for the year...
14th December
Betfred completes £195m refinancing
Betfred has successfully refinanced to help fund the purchase of 322 shops for £55m from Ladbrokes Coral as a result of...
13th December
GambleAware reports the cost of problem gambling to the UK Government
GambleAware, a charitable trust which promotes responsible gambling, has reported that problem gambling costs the UK Government between £260 million and...
7th December
Playtech announces €50m share buyback programme
Playtech Plc has informed investors that it plans to issue a six million ordinary share buyback programme, representing approximately 1.85% of...
7th December
Shareholder scorns Bazoov’s bid for Amaya
Jason Ader, CEO of Amaya shareholder and New York hedge fund SpringOwl, has made it clear that he opposes founder and...
5th December
Japanese gaming shares soar as ‘casino bill’ is passed by Lower House
The long-awaited ‘casino bill’ has been passed in Japan’s Lower House Cabinet Committee, bringing Japan’s ruling Liberal Democratic Party led by...
1st December
Intralot reports climbing revenue in third quarter results
Publishing its results for the third quarter of 2016, international gaming solutions provider Intralot revealed a year-on-year increase in revenue of...
1st December
Macau sees biggest monthly revenue rise in over two years
Macau, the heart of the world’s casino gaming industry, has reported a 14.4% rise in monthly gross revenue this November. ...
30th November
Mr Green moves main market listing to Nasdaq Stockholm
Mr Green has confirmed that the company has officially moved its main market listing from Sweden’s mid-size Aktie Torget, to floating...
30th November
Playtech founder offloads 12% stake for £329m
Online gambling software outfit Playtech has announced its co-founder Teddy Sagi has sold 12% of its stake in the company, ahead...
28th November
Stride Gaming announces audited full-year results
Stride Gaming updated the market with an announcement on its year end results. The operator attributes its 22% year-on-year net gaming...
25th November
Online gambling dominant in UK market
Online is the largest form of gambling in the UK market, according to the latest set of figures released by the...
22nd November
IGT reports net loss of $2m in Q3 results
International Game Technology report a net loss of $2m in the third quarter results of 2016, reflecting $21m in primary non-cash...
17th November
Affinity Gaming remain optimistic despite Q3 revenue decline
As a result of refocused promotional campaigns and marketing programs, Affinity Gaming reports a slight rise in operating income in the...
16th November
Galaxy Gaming report promising Q3 results
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 68% year-on-year to $1.5 million. Pre-tax income grew by 569% to...
16th November
NYX releases Q3 2016 report
NYX Gaming Group closes Q3, ending 30 September 2016, with revenue of CAD $54.4m, 309% year-on-year increase, and an adjusted EBITDA...
15th November
Betsson planning to issue SEK bond for further acquisitions
Stockholm-listed European sports betting operator Betsson AB has detailed it has enlisted Nordic Investment banks’ DNB Markets in Norway and Swedbank...
14th November
Ex Chief Executive offers C$3.8bn for Amaya
Former Chief Executive of Amaya, David Baazov, has offered to buy the Canadian online gambling company for C$3.48bn. Baazov, who...
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