Financial news sponsored by TXODDS

Caesars Entertainment continues to press ahead with plans to restructure its Caesars Entertainment Operating Company (CEOC) subsidiary, agreeing an amended plan of reorganisation with the majority of its senior creditors.

Finland’s state-owned gaming operator Raha-Automaattiyhdistys (RAY) has reported a 2 per cent increase in revenue to €524.6m for the first eight months of the year, following growth across all of its business segments.

London-listed online gaming operator GVC Holdings said Thursday that the company is “highly confident” in its outlook for the remainder of this year, after seeing net gaming revenue increase by 11 per cent to €182.9m for the nine month period ended September 30th.

London-listed Chinese lottery supplier DJI Holdings has reported a 38 per cent drop in net revenue to £2.1m for the first half of 2015, with the company’s results materially affected by the temporary suspension of online lottery sales in China in March.

Online gaming software supplier GAN (formerly GameAccount Network) has posted a 31 per cent drop in net revenue to £2.9m for the first half of 2015, as its financial results continue to be impacted by delays in securing additional internet gaming system sales.

London-listed online gaming operator 32Red has seen its first half profit slump 94 per cent as its bottom line was hit by a £2.0m point of consumption (PoC) tax charge in the UK and a loss of £1.0m from its investment into Italy.