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IGT write down of North America Interactive unit sees Q3 operating losses of $550m

Foreign exchange losses combined with a write-down impairment charge of $714 million has seen New York-listed gambling firm IGT Group Plc declare Q3 2017 net losses of $804 million. Publishing its Q3 2017 trading update (period ending 30 September), IGT disclosed a period group operating loss of $556 million, primarily attributed to its $714 million write-down charge of its ‘North …

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Strong brand portfolio sees Jackpotjoy Plc confident of hitting full 2017 expectations

Publishing its Q3 2017 trading update (period ending 30 September), London-listed online gambling group Jackpotjoy Group Plc has detailed robust growth across its brand portfolio, with the operator confident of achieving its full-year corporate expectations. The strong revenue momentum recorded across its principal brands of; Jackpotjoy (up 12%) and Vera&John (up 28%), would see the company declare period group revenues …

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Are we reaching the endgame for the Ladbrokes Life?

Ladbrokes

Is the storied Ladbrokes brand approaching the end of its usefulness, being eaten from within by the now stronger Coral? Scott Longley speculates…. ________________ Ladbrokes Coral was understandably keen to accentuate the positives from this week’s third-quarter trading statement saying it represented “another positive period” for the group as a whole and adding that the digital performance was “strong.” This …

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Svenska joy as Ventura holds no Russia aces for the Azzurri!

Russia 2018 kicks off in 211 days, but the tournament has already caused a major upset after it was confirmed that four time World Champions Italy, would miss out on a World Cup for the first time since 1958. In a heartbreaking international swansong for the legendary Gianluigi Buffon, despite deploying the attacking prowess of Andrea Belotti, Ciro Immobile and …

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Paddy Power shortens odds on 2018 UK General Election as PM May faces party revolt

The pressure is mounting on embattled UK Prime Minister Theresa May, as Brexit negotiations head towards collapse, and rumours surface of a potential Conservative Party revolt against her leadership. Last week, the European Union’s Chief Negotiator Michel Barnier gave the UK government a two-week deadline in which to ‘clarify its stance on financial obligations and EU citizens’ rights’. Barnier warned the …

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New Jersey congressman makes case to end federal sports betting ban

New Jersey Congressman Frank Pallone has voiced his belief that the federal ban on sports betting should be lifted. Pallone, a member of the Democratic Party, did so during a congressional hearing relating to the safety and regulation of mixed martial arts (MMA) in the state. He used the opportunity to shine a spotlight on the Gaming Accountability & Modernisation …

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Integrity the key as Football DataCo launches new partnerships

The official data rights holder of all the professional football leagues in England and Scotland, Football DataCo has announced an integrity agreement with Genius Sports and Perform Group.   The Genius Sports and Perform partnership marks the first time that two global leaders in sports data and technology have joined forces to protect the integrity of sport. The partnership will enable …

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Czech Sazka Group eyes London IPO

Updating the market, Czech-based lottery firm Sazka Group has detailed that it may move for a London listing, in order to expand its European market growth ambitions. The lottery group, owned by Czech investment firms’ KKCG Group and EMMA Capital has appointed investment banks Citigroup, Morgan Cazenove and Morgan Stanley as lead coordinators, but states that it has yet to make …

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NYX accuses William Hill of “wrongful conduct” as acquisition dispute escalates

In response to William Hill’s threats to block the acquisition of NYX Gaming Group Limited by Scientific Games,  NYX has launched legal action against the bookmaker. Last week William Hill issued a corporate update, voicing its concerns over the deal and signalling its intention to convert its preference shares into ordinary NYX shares, in order to ensure it had had …

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VSoftCO agrees multi year partnership with Sport-Shotz

Market - Copyright: opolja / 123RF Stock Photo

Virtual games provider VSoftCo has entered a multi year agreement with Sport-Shotz, a leading provider of sports themed casino games. Under the terms of the deal, Sport-Shotz complete portfolio of games is to be integrated onto the VSoftCO platform. Simon Westbury, Chief Commercial Officer of VSoftCo, said: “This partnership is very important for VSoftCo as it shows our commitment to the …

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