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Presenting its Q1 2017 interim results (period ending 31 March), Oslo-listed European online gambling operator Gaming Innovation Group (GIG) has detailed a strong start to 2017 despite significant costs attributed to group marketing initiatives. Driven by the growth of its iGaming Cloud Platform, which currently services 28 external clients operating 41 active brands, GIG would report period revenues of €23 …

Updating the market, the UK Gambling Commission (UKGC) has warned industry stakeholders that its body will not tolerate advertising falling ‘foul of social responsibility rules or deceiving consumers’. Stating its intent to improve industry advertising and promotional standards, the UKGC has imposed a £300,000 penalty on igaming operator BGO Entertainment Ltd (BGO) for misleading advertising on its own portal and …

Seeking to boost its industry M&A and commercial competencies, Toronto TSX-listed Amaya Inc has hired former William Hill Group Director of Strategy and Corporate Development Robin Chhabra. As of yet, Chhabra has been given no official executive title, however joining Amaya he will act as corporate M&A lead as the firm’s governance seeks to expand its industry portfolio. An industry financing expert, …

Malta-based Industry affiliate network RakeTech Group (RakeTech) has confirmed that it has executed a double of acquisition of Agonas AB and Astro Media Group AB (Astro Media) continuing the expansion of its Scandinavian marketing portfolio. The confirmed acquisitions continue RakeTech’s M&A growth strategy, adding Agonas AB a ‘real-time’ Scandinavian TV listings and sports content portals to its network, while Astro …

UK National Lottery operator Camelot Group has informed the media that Chief Executive Andy Duncan has resigned as leader of the company. The resignation of Duncan as Group CEO, will see Nigel Railton leader of Camelot’s international business division ‘Camelot Global’ act as interim Chief Executive whilst the board of governance considers its best options for corporate leadership. Camelot informed …

The UK government will not introduce a tax on industry ‘free plays’ and customer bonus incentives, as Parliament shuts down and prepares for the 8 June General Election. Last December, HMRC introduced new provisions accounting for duties on customer free plays issued by operators which would be attached to the 2017 Finance Bill. Updating industry stakeholders, the government has chosen …

Publishing its Q1 2017 interim results (unaudited period ending 31 March), Stockholm-listed European online gambling group Betsson AB has reported that its period earnings and profit results have been impacted by negative currency fluctuations, increased market taxes and player friendly results recorded by its sports betting division. Updating investors, Betsson would report a 10% increase in group revenues to SEK …

At last year’s European Championships in France, enhanced odds for new customers around the biggest games was recognised as the ‘go to’ offer for leading operators. Now, at a time where high profile ‘season-defining’ matches are coming thick and fast, we cast our eye over the football specific bookmaker offers demanding market attention. Whilst the standard welcome offer of matched …

Nordic Nasdaq-listed industry sports betting platform and software supplier  Kambi Group Plc (Kambi) has declared a difficult start to 2017, as the company’s operating profits and margin were hit by player friendly football results recorded during the final weeks of Q1 2017 (period ending 31 March).  The company had previously sent a communication to investors detail period impacts. Despite posting …

Publishing NYX Gaming Group’s full-year 2016 fiscal results, CEO Matt Davey has stated that his firm is prepared to lead industry omni-channel solutions and technology having significantly grown its operations through strategic M&A during a transformative year for the Toronto TSX-listed business. Presenting FY 2016 results, an enlarged NYX group would report corporate revenues of CAD $164 million (£93 million), …