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European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

Comedian Steve Coogan and former Isle of Man TT rider Guy Martin are 5/1 joint-favourites to replace Chris Evans as lead presenter of BBC’s Top Gear motoring show. This weekend Evans announced that he would not return for a second series of Top Gear, stating that he had tried ‘his best, but it just did not work out’. Publishing an …

Financial advisory group Davy has lowered sector-wide growth forecasts for UK-listed gambling operators as a result of BREXIT. The ‘Leave’ outcome has forced Davy to review the current positions of listed gambling operators as the UK economy faces months of fiscal and legal uncertainty.    Issuing a market note, Davy analysts detailed that UK legacy operators with both large retail …

Following a period of corporate restructuring, London AIM-listed mobile gambling software provider Nektan Plc is confident that it can reverse its financial performance in the second half of 2016. Last week, Nektan governance provided a preliminary update on its H1 2016 performance detailing that it expected to post £4.2 million in net gaming revenues (H1 2015: £1.6 million). The company …

Embattled Spanish gambling operator Grupo Codere has been issued a lawsuit by ‘former Codere shareholders’ regarding its April share capital disbursement which saw the controlling Martinez Sampedro family reduce its corporate equity to 2%. The share dilution which aimed to raise + €450 million in capital in order to ease the company’s + €1 billion debt with existing creditors is …

Yorkshire based firm Equotion Ltd has announced two major pieces of news for the company this week. The first is the completion of a significant funding round and the second the appointment of Graham Martin as Non-Executive Chairman. Martin is the Founder of Bonne Terre, the licence holder for Sky Betting & Gaming, and he joins CEO James Waterhouse, Chief Data Scientist …

William Hill has confirmed that they are fearing for a fairy-tale Welsh success in the Euro 2016 final on Sunday. The bookmaker has made Germany and France joint 7/4 favourites to win the tournament, but they are hoping that big outsiders Wales fail to emulate the Leicester City story. Wales are currently 8/1, but William Hill have racked up seven …

European online betting operator NetBet has furthered its presence within the French market by securing the official shirt sponsorship of AS Saint-Etienne. The NetBet logo will now appear on the right-hand “pocket” of the shirt, which will be clearly visible during all Ligue 1 2016/17 season games. NetBet marketing further detailed that it had upgraded its betting partnership with ‘Les …

Novomatic has announced that Friedrich Stickler, President of the European Lotteries Association for six years between 2009 and 2015, became a consultant for the group on July 1. Stickler, a long-standing board member of the Österreichische Lotterien GmbH, will support Novomatic with the expertise and experience he has built up over decades in gaming and lotteries. He will play a …

The Financial Times has revealed that GVC Holdings (GVC) has secured a premium listing on the London Stock Exchange, boosting the firm’s ambitions of breaking the FTSE-250 by the end of 2016. The former London-AIM online betting operator had been granted approval to list on the London exchange in February following the completion of its £1.1 billion takeover of bwin.party …