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Svenska Spel

Svenska Spel cancels dividend as layoffs loom

Sweden’s Svenska Spel has become the latest gaming operator to cancel its proposed dividend as it is forced to temporarily lay off staff in the wake of the COVID-19 pandemic.

The state-owned company said Tuesday that it has taken the decision to withdraw its proposed SEK850m dividend (approx. €75m) after discussions with stakeholders.

Although Sweden has [...]

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Webis secures loan to support California sports betting expansion

Shares in betting and racetrack operator Webis Holding soared by more than a third in London Thursday after the company secured a new term loan to support its US expansion.

The primary purpose of the $500,000 loan is to further develop and market its Watch&Wager subsidiary in California, with the [...]

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Philippines Flag

PAGCOR releases €218m for COVID-19 response fund in the Philippines

The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) has released P12bn (€217.6m) to the National Treasury to help cushion the economic impact of the COVID-19 pandemic.

The remittance comprises the agency’s cash dividends for 2019 and is P5.67bn higher than PAGCOR is required to remit.

PAGCOR chairman and CEO Andrea Domingo said that [...]

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UK Betting and Gaming Council welcomes government support for workers

The UK’s betting and gaming industry is set to benefit from new measures announced Friday by the government to protect workers and businesses during the COVID-19 shutdown.

The support package will see government cover up to 80 per cent of staff wages for a three-month period starting 1 March, up to a cap of £2,500 [...]

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Gibraltar suspends Addison Global’s MoPlay operator licence

Gibraltar’s Gambling Licensing Authority (GLA) has suspended the operating licence of MoPlay-owner Addison Global.

Following advice from the Gambling Commissioner Andrew Lyman, the authority announced the immediate suspension of Addison Global’s licence late Wednesday after the operator was unable to provide a solution to its solvency issues.

“The Gambling Commissioner has been [...]

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Scout Gaming Group

Enlabs among new Scout Gaming investors

Stockholm-listed B2B fantasy sports provider Scout Gaming Group has raised SEK36m (€3.4m) through two directed share issues, including investment from Optibet-owner Enlabs.

Scout has completed a directed issue of 1,330,362 shares through an accelerated book building procedure, and a directed share issue to existing shareholders of 1,638,750 shares.

“Scout Gaming is undergoing an intensive [...]

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Betsson Group

RISQ backs new €1m live roulette promotion for Betsson

Stockholm-listed gaming operator Betsson has launched Winning Streaks, a new €1m live roulette promotion in partnership with insurance provider RISQ and Evolution Gaming.

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France’s FDJ secures new lottery jackpot insurance

Paris-listed lottery and gaming operator FDJ has implemented a comprehensive insurance policy to cover its counterparty risk from next year.

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Better Collective raises SEK312m to fund M&A

Stockholm-listed sports betting affiliate Better Collective has closed a directed new share issue of 4m shares to raise capital for its M&A growth strategy.

The new share issue was closed at a price of SEK78 per share and will raise proceeds of around SEK312m (approx. €29.5m) before transaction costs.

The company said [...]

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Scientific Games

Scientific Games proposes $1.2bn note offering

New York-listed lottery and gaming supplier Scientific Games has announced plans to offer $1.2bn of senior unsecured notes due in 2028 and 2029.

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La Française des Jeux launches long-awaited IPO

French gaming and lottery operator La Française des Jeux (FDJ) today launched its initial public offering (IPO) on the Euronext Paris stock exchange.

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PointsBet to raise AUD$122.1m as first quarter turnover soars

Sydney-listed sportsbook operator PointsBet Holdings is looking to raise AUD$122.1m through a new capital raising initiative.

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