Bingo News

Italy’s Lottomatica swings to profit as first half revenue soars to €806.2m

Leading Italian gaming operator Lottomatica has seen revenue from its online and land-based operations soar by 345 per cent to €806.2m in the first half of 2022.

The newly formed Lottomatica was established earlier this year through the merger of Gamenet Group, IGT Lottery (which owned Lottomatica Scommesse and Lottomatica Videolot [...]

1 min read

Britain sees reduction in problem gambling

The latest survey data from Britain’s Gambling Commission shows that overall participation in any gambling activity remained statistically stable at 43 per cent in the year to June 2022, alongside an improvement in problem gambling rates.

The June 2022 data shows that 42.9 per cent of survey respondents over the age [...]

1 min read
Ian Brown-Flutter Entertainment

Flutter Entertainment names replacement for Conor Grant as UK & Ireland CEO

Flutter Entertainment’s UK and Ireland chief executive Conor Grant will step down from his role before the end of this year, handing the reins to former Booking.com SVP Ian Brown.

Grant is leaving Flutter for a planned career break to spend more time with his family after more than 20 years [...]

4 mins read
Svenska Spel

Svenska Spel’s online revenue falls 5% in first half of 2022

Swedish gaming operator Svenska Spel has posted a 1 per cent drop in net gaming revenue (NGR) to SEK3.9bn (approx. €369.6m) for the first half of 2022, despite improved results from the company’s land-based operations.

The company’s first half results were weighed down by a 16.5 per cent drop in NGR [...]

1 min read

Playtech shares slide as TTB Partners drops acquisition bid

Hong Kong-based investment firm TTB Partners has announced that it will not be making a bid to acquire London-listed iGaming supplier and operator Playtech.

The parties had been discussing a potential acquisition since last November, shortly after Playtech received a £2.7bn (680p per share) acquisition offer from Australian gaming supplier Aristocrat [...]

1 min read

DCMS commits to publishing UK gambling review within weeks

The leadership contest to choose a new leader of the Conservative Party is unlikely to cause a significant delay in the publication of the Gambling Act review whitepaper.

Nigel Huddleston, the parliamentary under-secretary of state for Digital, Culture, Media and Sport (DCMS), told parliament Thursday that the government intends to publish [...]

1 min read
888 Holdings

888 completes online bingo sale to Broadway Gaming

London-listed betting and gaming operator 888 Holdings has completed the sale of its customer-facing and B2B bingo businesses for $45.25m.

Following an agreement last December, 888’s online bingo businesses have been sold to Broadway Gaming subsidiary Saphalata Holdings for $43.25m, with a further $2m unconditionally payable in one year.

888 has also [...]

3 mins read

Entain lowers online growth expectations as customer spend declines

London-listed betting and gaming operator Entain has reported an 8 per cent increase in net gaming revenue for the second quarter of the year, with growth in retail offsetting lower revenue online.

Like-for-like retail net gaming revenue (NGR) climbed 79 per cent year-on-year following the lifting of Covid restrictions, with the [...]

1 min read
888 Holdings

888 Holdings completes William Hill International acquisition

London-listed betting and gaming operator 888 Holdings has completed its acquisition of William Hill’s non-US business from Caesars Entertainment.

Following completion, 888 has confirmed its new executive leadership team, with William Hill’s former CEO Ulrik Bengtsson and chief financial operator Eric Hageman leaving the group.

The enlarged 888 group will continue to [...]

3 mins read

New Zealand announces new strategy to prevent gambling harm

New Zealand’s government is investing more than NZ$76m on measures to prevent and minimise harm caused by gambling.

The Labour government claims that one in five New Zealanders will experience gambling harm in their lives, with its new Strategy to Prevent and Minimise Gambling Harm set to be the most significant [...]

1 min read
888 Holdings

888 shares hit new low as first half revenue forecast to decline

London-listed betting and gaming operator 888 Holdings said Thursday that it expects revenue for the first half of the year to be in the range of £330m to £335m.

The company said that the half-year financial performance is expected to be broadly in line with board expectations, with growth in certain [...]

1 min read
Rank Group

Rank Group appoints Lucinda Charles-Jones to board of directors

London-listed bingo and casino operator Rank Group has appointed Lucinda Charles-Jones to its board as a non-executive director.

Charles-Jones brings more than 25 years of executive-level experience in human resources roles, most recently serving as chief people and corporate responsibility officer for the UK and Ireland at multinational insurance company AXA.

She [...]

1 min read
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