London-listed gaming technology and services provider Playtech has announced plans to buy back up to €50m of the company's shares, reflecting management's "continued confidence in the growth and prospects of the business".
Greek gaming and lottery provider Intralot has posted a net profit of €32.4m for the nine month period ended September 30th, benefiting from a 7 per cent increase in revenue and the sale of its Peru business.
Following a two-year development phase, Italian gaming operator Newgioco Group has posted a maiden net profit for the third quarter of 2016, as revenue for the period more than doubled compared to last year.
The regulated Danish gambling market remains on course to generate gross gaming revenue of DKK8.85bn (€1.19bn) in 2016, despite recording a decline in sports betting and gaming machines revenue during the third quarter of the year.
Toronto-listed social casino operator Tangelo Games (formerly Imperus Technologies) has reported a 58 per cent increase in revenue to CAD$9.3m for the third quarter of 2016, with the company beginning to benefit from the integration of its Akamon and Diwip platforms.
The UK Gambling Commission (UKGC) has revealed that iGaming accounts for a third of all gambling in the country, with the sector outstripping the National Lottery and high street bookmakers to establish itself as the market's largest component.
New York-listed gaming and lottery supplier International Game Technology (IGT) has reported a 5 per cent increase in revenue to $1,266m for the third quarter of 2016, despite another disappointing performance from its DoubleDown Casino social gaming business.