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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Stockholm-listed gaming operator Betsson has launched Winning Streaks, a new €1m live roulette promotion in partnership with insurance provider RISQ and Evolution Gaming.
Paris-listed lottery and gaming operator FDJ has implemented a comprehensive insurance policy to cover its counterparty risk from next year.
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 [...]
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.
French gaming and lottery operator La Française des Jeux (FDJ) today launched its initial public offering (IPO) on the Euronext Paris stock exchange.
Sydney-listed sportsbook operator PointsBet Holdings is looking to raise AUD$122.1m through a new capital raising initiative.