Stocks News


DraftKings begins trading on Nasdaq following SBTech combination

America’s first pure-play sports betting and online gaming business will begin trading on the Nasdaq Global Select Market today following completion of the business combination between DraftKings, SBTech and Diamond Eagle Acquisition Corp.

The business combination was first announced in December 2019 and brings together leading US sports betting operator DraftKings [...]

2 mins read

Nektan future in doubt as shares suspended

Trading in shares of London-listed gaming technology supplier Nektan has been suspended as the company prepares to enter administration.

The company announced two weeks ago that it would hold discussions with advisors and stakeholders regarding the future of the group after its Rapid Games US joint venture ceased trading and its [...]

1 min read

COVID-19 crisis hits gaming investors hard

The first quarter of 2020 has not gone according to anyone's plan, to state the obvious. Markets and businesses across the globe have experienced unprecedented disruption and the chaos was hard felt by gaming operators and suppliers alike.

After seeing their combined share prices increase by 45 per cent in 2019, [...]

1 min read

Ganapati seeks funding as Tokyo court case looms

Casino games developer Ganapati has announced plans to delist its shares from the Aquis stock exchange as authorities in Japan commence legal action against a subsidiary of the company.

The company’s shares are currently priced at 3 pence on the Aquis Stock Exchange, a UK-based stock market providing primary and secondary [...]

1 min read

Kindred withdraws dividend as it eyes future investment opportunities

Stockholm-listed gaming operator Kindred Group is withdrawing its proposed dividend so that the company can be well capitalised to take advantage of future opportunities.

In a trading update released late Thursday, Kindred reported a strong start to the year with gross winning revenue for the first quarter of 2020 estimated to [...]

1 min read
Catena Media

Catena Media shares soar on positive trading update

Shares in Catena Media soared by more than 60 per cent in Stockholm Wednesday as the online lead generation specialist revealed that it does not expect any negative long-term revenue effects from COVID-19.

The company said that revenue increased by 6 per cent to €18.0m during the first two months of 2020, [...]

1 min read

GAN shares jump on higher online revenue and Nasdaq move

London-listed gaming supplier GAN is moving forward with its proposed Nasdaq listing as the casino shutdown in the United States begins to translate into higher revenue from online gaming.

GAN said Wednesday that the US casino closures in response to the COVID-19 pandemic have resulted in increased simulated gaming activity online, as major clients undertake [...]

1 min read

NetEnt to further integrate with Red Tiger, resulting in 120 redundancies

Casino supplier NetEnt is laying off 120 employees in Stockholm and Malta as it fully integrates the recently acquired Red Tiger business, with the restructuring expected to deliver annual savings of SEK150m (€13m).

The company said that the restructuring is in line with its strategy of continuous improvement across all parts of [...]

4 mins read
Playtech Live

Playtech suspends shareholder distributions to strengthen financial position

London-listed gaming operator and supplier Playtech has postponed its share buyback programme and cancelled its final dividend for 2019 as it shores up its financial position.

The company said Thursday that the buyback programme would be postponed until further notice in order to maximise liquidity, with approximately €10m of the €40m programme completed.

This will also [...]

1 min read
William Hill

William Hill suspends dividend as earnings predicted to fall by £100m

London-listed betting and gaming operator William Hill will pay no final dividend to shareholders for the first time in a decade as the company works to minimise the impact from cancelled sports events due to COVID-19.

William Hill said late Monday that it could see a £100m to £110m reduction in 2020 EBITDA as [...]

4 mins read

GAN proposes share consolidation and cash to enable Nasdaq listing

Shares in London-listed gaming supplier GAN gained over 15 per cent on Tuesday after the company released further details of its proposed move from London to the Nasdaq stock market.

The move from London’s AIM market will see GAN UK and its subsidiaries reorganise under a new Bermuda-incorporated parent company, GAN Bermuda, which would be [...]

1 min read

Stake limit speculation causes gaming sell-off

The UK Gambling Commission has dismissed reports that it will impose a maximum stake on online slot games by as early as August of this year, stating that it intends to publish its assessment and next steps on the matter within that timeframe.

The Gambling Commission has long committed to reviewing online staking levels [...]

1 min read
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