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Flutter Entertainment

The Stars Group-Flutter Entertainment merger to complete Tuesday

Listed gaming operators The Stars Group and Flutter Entertainment will complete their merger next week to create one of the largest betting and gaming businesses in the world.

The business combination is expected to complete on May 5 following last week’s approval by both sets of shareholders and receipt of remaining [...]

4 mins read

PointsBet sees turnover double to $268.7m in strong third quarter

Australian and US sports betting operator PointsBet Holdings has reported a 147 per cent increase in net win to AUD$18.8m for the third quarter ended 31 March.

Turnover increased by 97 per cent year-on-year to $268.7m following strong growth in Australia and increasing contributions from the US market.

Q3 and Year-to-Date FY20 [...]

3 mins read

GVC agrees new revolving credit facility to provide greater flexibility

London-listed betting and gaming operator GVC Holdings has agreed a new £535m revolving credit facility (RCF) with its existing lending banks. 

The new RCF is on substantially the same terms as GVC's previous RCF, which has now been cancelled, except for a revised covenant limit. 

As per the previous RCF, the covenant [...]

2 mins read

Aristocrat suspends dividend and aims to reduce costs by $100m

Sydney-listed gaming supplier and social gaming operator Aristocrat Leisure has decided to suspend its interim dividend as one of a number of steps to mitigate the impact of the COVID-19 pandemic on its business.

With land-based operations delivering approximately 60 per cent of group revenue, Aristocrat noted that almost all of [...]

4 mins read

Intralot initiates strategic review as COVID-19 hits revenue

Gaming and lottery supplier Intralot has initiated a strategic review as it predicts that the COVID-19 crisis could negatively impact group EBITDA by up to €30m this year.

Intralot said that since early March, revenue has been impacted by lockdowns, store closures and the lack of sports betting content, with total [...]

3 mins read
The Stars Group

The Stars Group and Flutter merger set to complete in May

Flutter Entertainment’s proposed combination with The Stars Group is expected to complete next month after receiving shareholder approval.

The Stars Group’s shareholders unanimously approved the proposal on Friday after Flutter Entertainment’s shareholders had similarly approved the £10bn deal earlier in the week.

Following recent approvals from the Irish Competition and Consumer Protection [...]

1 min read

Sportech partners UK Tote for new horse racing commingling pool

London-listed sports betting technology provider Sportech has agreed a deal to commence a new international commingling racing pool for the UK Tote Group.

Under the multi-year agreement, the UK Tote will utilise Sportech’s Quantum System pari-mutuel betting solution to access horse racing and other sporting pools across the world.

In addition, Sportech [...]

1 min read
The Stars Group

Online poker and casino deliver record Q1 revenue for The Stars Group

The Stars Group (TSG) said Friday that it expects first quarter revenue to be 27 per cent higher than Q1 2019 as strong growth in gaming revenue offsets a decline in sports betting.

Total revenue in Q1 2020 is expected to amount to US$735m compared to $580m a year ago, with [...]

1 min read
Flutter Entertainment

Flutter Entertainment reports better than expected performance in Q1

Gaming and betting operator Flutter Entertainment has reported a 16 per cent rise in first quarter revenue to £547m on a constant currency basis, having been on course to report a 29 per cent rise prior to the disruption of sporting events in the final two weeks of March.

The company [...]

1 min read

Jumbo Interactive chairman to step down

Sydney-listed lottery provider Jumbo Interactive has confirmed that David Barwick will step down as a director and non-executive chairman later this year.

Barwick has tendered his resignation due to the duration of his tenure, having served the company and its shareholders for almost 14 years. He was appointed as a director [...]

2 mins read

BetMakers extends racing partnership with William Hill

Sydney-listed supplier BetMakers Technology Group has extended its partnership with William Hill, becoming a preferred distribution partner for the bookmaker.

Under the revised agreement, BetMakers will continue to provide its existing wagering technology services to the operator, including pricing and trading solutions, as well as providing additional access to its expanded [...]

3 mins 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
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