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GVC Holdings

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

Red Tiger launches slots with Stride Gaming brands

NetEnt-owned games developer Red Tiger has rolled out its portfolio of slots with Rank Group's Stride Gaming.

Red Tiger's popular titles are now live with Stride Gaming’s UK-facing B2C brands, which include Spin and Win, Kitty Bingo, and Aspers Casino Online.

Among the games included in the initial integration are Wings [...]

2 mins read

BGC members agree to suspend UK gambling advertising

Members of the UK’s Betting and Gaming Council have agreed to suspend radio and TV advertising from next week for at least six weeks.

BGC members include the UK’s leading operators and account for around 50 per cent of gambling advertising on TV and radio, which will be now be suspended [...]

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
Evolution Gaming

Evolution Gaming launches first lottery style game Mega Ball

Stockholm-listed live dealer provider Evolution Gaming has expanded its range of game show style games with the launch of its new Mega Ball game.

First unveiled at ICE London earlier this year, Mega Ball combines elements of bingo, lottery and slots, and features two bonus rounds where players can win up [...]

2 mins read
Kindred

Kindred Group posts revenue growth but Q1 profit slides

Stockholm-listed operator Kindred Group has reported an 11 per cent increase in first quarter revenue to £249.7m, although profit for the period was impacted by additional restructuring costs, non-cash charges and a provision relating to its disputed regulatory sanction in Sweden.

With the majority of the first quarter largely unaffected by [...]

1 min read
Gamesys Group

Strong first quarter for Gamesys as revenue increases 19%

London-listed online bingo-led operator Gamesys Group said Thursday that it will cease all TV and radio advertising in the UK until current social restrictions are eased, as the company posted a 19 per cent increase in first quarter revenue to £155.3m.

Continuing the trends seen during the final quarter of last [...]

1 min read

Playtech improves compliance measures with Jumio integration

London-listed gaming operator and supplier Playtech has integrated Jumio’s ID and document verification solutions onto its platform.

Jumio’s verification solution enables Playtech’s operator partners to establish the identity of their remote players by verifying government-issued identity documents in real-time.

“Jumio is the kind of landmark partner in the compliance space that will [...]

2 mins read

GambleAware’s annual donations exceed £10m for the first time

British problem gambling support charity GambleAware has received voluntary donations of £10.05m for the 12 months ending 31 March, the first time that donations have exceeded the charity’s minimum target of £10m.

GVC topped the list of donors to the UK-based charity, donating £1.46m during the year, with William Hill and [...]

3 mins read
Rank Group

Rank Group buoyed by strong online performance

Shares in London-listed gaming operator Rank Group were trading higher Monday after the company reported better than expected monthly cash outflow and an increase in online gaming.

Rank benefited from government schemes introduced in the United Kingdom, Spain and Belgium to protect employees during the COVID-19 shutdown, helping to reduce monthly [...]

1 min read
888 Holdings

Record year for 888 as revenue reaches $560.3m in 2019

London-listed gaming operator 888 Holdings has reported a 6 per cent increase in group revenue to a record $560.3m in its audited financial results for 2019.

Revenue growth was driven by the company’s expansion in regulated and taxed markets, which represented 74 per cent of revenue during the year, up from [...]

1 min read

Credit card gambling ban comes into force in United Kingdom

Consumers in the United Kingdom are no longer allowed to gamble using credit cards under new rules which came into force today.

In January, the UK Gambling Commission (UKGC) and the Department for Culture, Media and Sport (DCMS) announced the credit card ban as another vital layer of protection for consumers. 

The [...]

2 mins read
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