Author: Olivia Cole

As initially expected, the Competition and Markets Authority (CMA) has decided that between 350 and 400 shops must be sold by Ladbrokes and Gala Coral in order for them to get a regulatory approval of their merger. This way, the merger between the two companies is set to be finalised in the autumn of 2016. The Inquiry Chair of CMA Martin Cave commented on the final decision of the watchdog, saying that it is the variety and large choice of betting shops in the local areas which make the competition.…

Gauselmann Group’s AGC operator Praesepe Plc has continued to grow its business through the purchase of 25 Adult Gaming Centres (AGCs) from the William Clark operation. The sum of the venue’s acquisition deal has not been officially revealed, but the contract comes as part of the UK-based company’s strategy to consolidate its presence at its national market. Speaking of the takeover deal, William Clark said that Teddy Clark’s AGC brand had been one his oldest ones after being established 40 years ago. He said that the sale of such a…

The Isle of Man-based gambling software developer Playtech has reached a new content distribution agreement with PokerStars. Under the terms of the deal, the already existing collaboration between the two parties is to be extended to a new level. The web-based casino section of PokerStars will be supplied with some of the most popular gaming titles provided by Playtech. The gaming content of the Isle of Man-based provider will be rolled out among the PokerStars offerins at several stages. Various Playtech titles have been launched especially for the Amaya-owned brand’s…

As expected, William Hill made a statement concerning the eventual takeover offer by gaming operators 888 Holdings and Rank Group saying that it remains doubtful on the matter. The bookmaker confirmed that it had already received a preliminary bid, but no acquisition price, transaction structure, terms and conditions and form of consideration were proposed by the two operators’ consortium. The latter had not suggested the takeover’s timing as well. According to the official statement issued by William Hill on Monday, the company’s Board is ready to “listen and consider” any…

The online betting company 888 Holdings and the casino operator Rank Group are having negotiations over a joint takeover bid for William Hill, which has been lately having some difficulties. The joint bit is estimated to £3 billion. An eventual takeover would be the latest in a series of acquisition deals between gaming groups at a time that most companies are facing some difficulties associated with harsher regulations and increased new taxes have influenced on profits in the sector. The information was made public through a joint statement of the…

According to a statement made by the investment firm IBID Group, an acquisition of the entire share capital that Pragmatic Play had issued has been finalised. The latter is a business-to-business company that currently provides a variety of virtual casino gaming options to clients worldwide. Pragmatic Play’s offices are based in Malta and the Isle of Man to date. As revealed by IBID Group in its statement, the investment development company intends to turn Pragmatic Play into a major business-to-business digital gaming content supplier by working in collaboration with first-class…

The UK-based betting operator Marathonbet is to expand their portfolio by adding some of the Quickspin products to their offerings. The company, which is one of the oldest independent casino and sportsbook operators, is aiming at consolidating its positions by making new additions. Established back in 1997, Marathonbet in an online casino and betting company that operates throughout a number of Internet gaming licenses. Currently, the company is licensed in the UK and in Curacao. The Head of Gaming of Marathonbet Christian Melin confirmed the deal, saying that everyone was…

The leading web-based and mobile casino and gaming provider iSoftBet has managed to expand its Game Aggregation Platform (GAP) service by signing a content deal with Ainsworth Game Technology. The partnership with the Australian company which is headquartered in Newington, Sydney will provide the UK-based company with the chance to add some content from Ainsworth Game Technology to its GAP service. Currently, the GAP service of iSoftBet is considered one of the most advanced casino and gaming platforms on the Internet with a great number of content offerings in its…

The leading UK-based bookmaker William Hill made a surprising announcement on Thursday morning, saying that Chief Executive Officer James Henderson is to leave the company. He is stepping down with immediate effect. The sudden departure of Mr. Henderson puts an end to his long career at the company. At the same time, the company confirmed the profit warnings that were issued less than a week ago and said it is expected for them to meet the expectations of annual operating profit in the range from £260 to £280 million in…

FSB Technology Ltd, one of the leading industry platform providers up to date, has joined forces with the IT solutions company Rackspace. The partnership has been initiated in order for the company to implement its own private cloud service right before the new football season. The co-founder and Chief Executive Officer of FSB Dave McDowell commented on the partnership between the two companies, explaining that their aim had always been offering their customers the opportunity to run the most efficient operations by using modern technology. Mr. McDowell also said that…