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Financial News

17th January
Family ties severed as Codere reshuffles executive pack
Spain’s Grupo Codere has announced an extensive management and governance restructure that will see the founding Martinez Sampedro family end their...
17th January
Vantiv acquires Worldpay in £8bn deal
American credit card company Vantiv have announced the agreement of an £8bn deal to purchase British payment processing firm Worldpay. ...
16th January
William Hill’s 2017 results set to exceed expectations amidst Australia woes
In an update to investors, William Hill has predicted a 11% year-on-year increase in profit for its 2017 full-year financial results....
15th January
BACTA: FOBT clampdown impact ‘exaggerated’
The body representing the UK amusement industry, BACTA, has suggested that the impact of the proposed cuts to stakes on Fixed...
12th January
LeoVegas acquires IPS in £65m deal
Online casino and gaming company LeoVegas have announced the signing of a £65m deal to acquire the assets of Alderney-based company...
12th January
DraftKings begins massive recruitment and growth drive
American daily fantasy sports heavyweight DraftKings has announced its intention to begin an “aggressive hiring campaign” that will see the company...
11th January
GVC Holdings net gaming revenues up 24% in Q4 2017
Online gambling group GVC Holdings has announced a 24% year-on-year rise in its net gaming revenues for the fourth quarter of...
10th January
Novomatic exits the German market as it heads down under
At the backend of 2017, Novomatic AG announced that it would be exiting the German market as of the end of...
10th January
Nektan posts encouraging Q2 results
In an update to investors, Nektan has posted strong Q2 FY18 results for the three months ending 31 December 2017. The...
10th January
Aristocrat completes Big Fish Games acquisition
Australian gaming company Aristocrat Leisure Limited have announced the completion of its $990m purchase of American gaming company Big Fish Games...
10th January
Sports betting and online gaming expected to dominate US 2018 agenda - Fantini
US gaming industry experts Fantini Research have released their 2018 National Legislative Preview outlining the year’s biggest issues, and as expected,...
10th January
Cyprus’ €500m IR set to open its doors in 2021
By 2021, Cyprus’ first integrated resort worth €550m will open its doors to the public, after further details on the project...
10th January
Pennsylvania opens mini-casino auction
Regulators in the US state of Pennsylvania will today commence an auction for the first of ten licences to build mini-casinos...
10th January
Revel Casino sold for $200m although owner denies purchase
The shuttered Revel Casino Resort has been sold for $200m to AC OCEAN WALK, a group led by Colorado-based investor, Bruce...
10th January
Kambi announces Q4 update amidst contract extension deal
In announcing its Q4 financial results for 2017, Kambi generated a trading margin of 9.7% due to some unusually high numbers...
8th January
Macau's three years of decline are finally over, greener pastures in sight
For the first time in three years, Macau has posted positive annual gaming revenue results. The region’s revenue plummeted to an...
8th January
Paradise Casino revenue down 8.6% in FY2017
South Korean casino operator Paradise Co Ltd has reported an 8.6% year-on-year decline in its full-year revenues for 2017. In...
5th January
Sci Games' acquisition of NYX gets over the line
The acquisition deal between Scientific Games and NYX Gaming Group has now been completed, following months of legal challenges and retractions. ...
2nd January
Crown Resorts agrees to the $150m sale of CrownBet
Concluding in 2017, Crown Resorts announced that it has agreed to the $150m sale of its majority stake in CrownBet that...
29th December
Kenyan gambling tax increase given judicial support, SportPesa reacts
A Kenyan judge has ruled that the country’s controversial gambling tax increase has been delivered in a legal manner, resulting in...
22nd December
Cherry acquires majority stake in Game Lounge
Online gaming company Cherry has announced it will exercise an option to purchase up to 100% of the shares in affiliate...
21st December
Boyd Gaming to acquire Valley Forge Casino resort
US-based Boyd Gaming Corporation has today announced it has entered into an agreement to acquire the Valley Forge Casino Resort in...
21st December
NYX Gaming Group shareholders approve acquisition by Scientific Games
Shareholders of NYX Gaming Group meeting in Las Vegas yesterday overwhelmingly approved the $631m acquisition of the company by fellow gaming...
18th December
Penn National Gaming to acquire Pinnacle Entertainment in $2.8bn deal
American casino operator Penn National Gaming Inc has announced the agreement of a $2.8bn cash plus stock deal to acquire fellow...
18th December
LT Game settles IGT dispute
Gaming equipment manufacturer LT Game Ltd and two additional companies have agreed to pay IGT $800,000 to settle a dispute arising...
13th December
Macau continually exceeds financial targets and is set to generate $53bn by 2020
During the first two weeks of September, Macau’s casino operations have performed remarkably well in terms of local revenue growth. ...
13th December
Japan Gaming Congress returns with a bang in 2018
Back for its third year, the Japan Gaming Congress will be returning to Tokyo from May 10 -11 to host one...
11th December
Remote Gambling Association calls for statutory levy
The Remote Gambling Association (RGA) has today urged the UK Government to introduce a statutory levy to replace the current system...
11th December
Connecticut tribes demand involvement over potential resort development
Tribal leaders from the Mohegan and Mashantucket Pequot Tribes have penned a letter to Connecticut state officials stating that they want...
11th December
Northwest Indiana’s casinos on the up in November following a disappointing October
Northwest Indiana’s casinos posted positive, yet modest results for the month of November, up 1.3% from the same month a year...
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