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Entain to consider improved acquisition offer from DraftKings

The board of Entain has said it will consider DraftKings’ $22bn offer to acquire the business, while also highlighting the strength of its existing business and US joint venture with BetMGM.

The board of directors said they would carefully consider the £28 per share offer from DraftKings, having rejected a £25 [...]

2 mins read
Entain

DraftKings makes bid to acquire Entain

London-listed betting and gaming operator Entain has confirmed that it has received a proposal from DraftKings to acquire the business.

In response to recent media speculation that DraftKings had made an offer of more than $20bn for its business, Entain’s board said only that the consideration would include a combination of [...]

3 mins read

Britain’s online gambling yield falls for third consecutive month

Britain’s largest gambling operators representing approximately 80 per cent of the online gambling market have reported an 8 per cent fall in gross gaming yield in July 2021.

Gross gambling yield (GGY) amounted to £456.45m in July compared to £496.06m in June and £459.15m in July 2020, marking the third consecutive [...]

1 min read
Loto-Quebec

Online drives Loto-Québec growth as first quarter revenue recovers

Canadian provincial lottery operator Loto-Québec has seen total revenue soar by 155 per cent to CAD$401.3m in the first quarter of its 2021/22 fiscal year, with most of its operations closed a year ago due to the pandemic.

Compared to the first quarter of 2019/20 prior to the Covid-19 outbreak, revenue [...]

1 min read

888 Holdings agrees £2.2bn acquisition of William Hill International

London-listed 888 Holdings has agreed a deal with Caesars Entertainment to acquire the non-US business of William Hill at an enterprise value of £2.2bn.

The acquisition will be effected by means of a reverse takeover and is expected to deliver pre-tax cost synergies of approximately £10m in 2022, rising to around [...]

1 min read

Shareholders delight as gaming shares bounce back in August

August proved to be a good month for shareholders of many of the leading publicly-listed gaming operators and suppliers, as the combined value of the shares on the Gaming Intelligence Stock List increased by 9 per cent.

After a tricky start to the third quarter of 2021 as gaming shares struggled [...]

1 min read

British gaming industry to create 5,000 apprenticeship roles

Britain’s betting and gaming industry has launched an ambitious plan to create 5,000 apprenticeships for young people over the next five years.

The ‘Plan for Jobs’ initiative is led by the Betting and Gaming Council (BGC), which represents Britain’s betting shops, casinos and the online gaming sector, and is meant to [...]

2 mins read
Danske Spil

Sports betting and lottery boost Danske Spil in H1

Denmark’s state-owned gaming operator Danske Spil has posted a 2 per cent increase in gross gaming revenue (GGR) to DKK2.34bn (€314.7m) for the first half of 2021.

Revenue from Danske Lotteri Spil, which operates the Lotto, Vikinglotto and Eurojackpot games, increased by 3.5 per cent to DKK1.35bn as a result of [...]

1 min read
Gambling Commission

Marcus Boyle appointed new Gambling Commission chair

The British Government has named Marcus Boyle as the new chair of the Gambling Commission.

Boyle joins the Commission with extensive change management experience across both the public and private sectors, having most recently led the development and implementation of a major programme of reform at a public sector body.

With a [...]

3 mins read
BCLC

Record Lottery and iGaming revenue fails to offset BCLC’s retail struggles

Canada’s British Columbia Lottery Corporation (BCLC) has reported a 62 per cent fall in total revenue to CAD$965.6m for the 2020/21 fiscal year, despite seeing revenue from its PlayNow.com iGaming brand more than double during the year.

BCLC said that its diversified product portfolio mitigated the overall impact of facility closures [...]

1 min read

Sweden’s gambling market grows to SEK6.51bn in second quarter

Sweden’s regulated gambling market generated net sales of SEK6.51bn (€638.9m) in the second quarter of 2021, buoyed by strong growth from the online casino and sports betting segment.

According to the latest data from the Swedish tax authority, net sales increased by 10 per cent compared to the same period last [...]

1 min read

Codere struggles in first half as retail woes continue

Spanish gaming operator Codere has reported a 16 per cent fall in revenue to €266.3m in the first half of 2021, with Covid-19 restrictions continuing to impact its retail operations in Italy and Argentina.

Revenue from Latin America decreased by 15 per cent to €149.0m, with declines in Argentina and Uruguay [...]

1 min read
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