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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
Scientific Games

Scientific Games appoints Connie James as new finance chief

New York-listed gaming and lottery supplier Scientific Games has named Connie James as chief financial officer (CFO).

James will begin her new role as executive vice president and CFO, Treasurer and corporate secretary on 15 October, taking over from current CFO Mike Eklund, who is stepping down to pursue other opportunities.

James [...]

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
Intralot

Sports betting boosts Intralot first half revenue

Athens-listed lottery and gaming solutions provider Intralot has reported a 34 per cent rise in group turnover to €202.6m in the first half of 2021, with sports betting in the comparable period last year negatively impacted by the Covid-19 pandemic.

After seeing solid growth during the first quarter of 2021, Intralot’s [...]

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
Sportech

Sportech grows H1 revenue as Connecticut wagering recovers

London-listed betting technology supplier Sportech has reported a 59.5 per cent increase in revenue from continuing operations to £13.4m during the first half of 2021.

Revenue from Sportech’s Venues business in Connecticut increased by 70 per cent year-on-year to £11.5m, of which £10.7m was derived from wagering, despite Covid-related travel and [...]

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
Flutter Entertainment

Flutter enhances protections for under 25s with new spending limits

London-listed betting and gaming operator Flutter Entertainment has launched a new spending backstop of £500 per month for customers under the age of 25 years across three of its UK and Ireland-facing brands.

The new policy has been designed to further enhance protections for younger customers and encourage sensible spending across [...]

4 mins 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

G2E Las Vegas confirms vaccination requirement for attendees

The organisers of next month’s Global Gaming Expo (G2E) in Las Vegas have confirmed that all attendees will be required to provide proof of Covid-19 vaccination in order to attend the 2021 event.

Presented by the American Gaming Association (AGA) and organized by RX, G2E returns to the Sands Expo and [...]

1 min read
888 Holdings

888 benefits from strong growth in UK and Italy

London-listed gaming operator 888 Holdings has increased first half revenue by 39 per cent as it benefited from currency gains and strong growth in all major markets.

Revenue in the first six months of 2021 amounted to £528.4m, an increase of 39 per cent, or 29 per cent in constant currency, [...]

1 min read
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