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888 Holdings has announced ‘another record-breaking year’, as the operator posted its 2014 full year performance, with reported growth on all top line metrics. The igaming operator was able to record revenue increases in both of its key product divisions, as B2C saw a 11% jump to $391 million (FY 2013: $352 million) and B2B increased 32% to $64 million …

The controversial introduction of the Betting Right which aims to replace the UK’s 53 year old levy system to fund the horse racing industry may be contested in the European Parliament. Betting Right detractors may protest that the UK government and British Horse Racing Authority (BHA) may be in breach of interstate funding rules and policy. The Betting Right has …

Private Equity firm HgCapital the owners of sports spread betting company Sporting Index Group, have reached an agreement for the sale of the business to an undisclosed private strategic investor. The acquisition of Sporting Index is required to pass regulatory approval before being finalised, as yet  the terms of the acquisition have not been disclosed by the participating parties. The …

GVC Holdings operating firm of Sportingbet, Casino Club and Betboo brands, reported its preliminary results for 2014, recording key growth in all top line performance metrics. In 2014 the operator had recorded increased player wagering which brought gross revenues up to €1.47 billion (FY 2013: €1.1 billion). The improved player wagering transferred to a 32% increase in net gaming revenues …

Private equity firm CVC Capital has confirmed the completion of its 80% acquisition stake of Sky Bet from BSkyB. CVC Capital confirmed that its £800 million has been cleared of all regulatory compliances, allowing for the deal to be finalised. Under the terms of the transaction, BskyB has received cash of £600m and a vendor loan note, and will be …

SG Gaming Group Managing Director Phil Horne explains why he and a number of his colleagues are joining the Responsible Gambling Trust‘s latest fund raising effort – a trek along the Great Wall of China. How many of you are going in the trek from SG Gaming and what are your goals? There are four people in total participating in …

Australian bookmaker BetEasy is set to re-brand to Crown Bet, as the Matt Tripp operator sets to incorporate Crown Resorts’ brand and online betting services under a joint venture between the two firms. The move sees James Packer’s Crown Resorts enter the (AUS) $13 billion Australian online sports betting market. The online joint venture between the two companies had been …

The Financial Times (FT) has reported that Gala Coral governance are preparing for a potential IPO post the UK General Election (7 May). The newspaper reports that the operator is targeting a potential Q4 2015 float. Gala Coral governance will examine whether market conditions are favourable post the election as the UK gambling market may be hit with further constraints …

Swedish igaming operator Cherry Gaming Group has announced the appointment of Alexander Pettersson as new Chief Financial Officer with immediate effect. Pettersson will succeed Fredrik Burvall, who steps up to the position of acting CEO for the firm. The appointment sees Pettersson (32) take over financial operations and strategy of the Malta based online gaming operator. Pettersson has prior online …

New York listed Chinese sports lottery operator 500.com has been hit with multiple US investor class action federal suites over misrepresentation of its business practices and operations in the build up to its December 2013 IPO. A group of US law firms representing 500.com investors have filed a federal securities fraud class action against the operator. They claim that the …