Company Reports

GAN Plc, formerly known as GameAccount Network, has officially announced that the Chicago financial advisory firm David Capital Partners has been welcomed as a new investor. According to the company’s press release, a total of £450,000 have been raised through a non-pre-emptive placing of 1,500,000 ordinary shares to the US-based company and its associates. The shares of £0.01 came at an issue price of 30p each. The new share placement and purchase, respectively, is to grant the American investor with 2.2% of the enlarged GAN Plc total share capital. As…

The special purpose acquisition company Hydra Industries Acquisition Corp. announced on Thursday that it has entered the definitive purchase agreement phase of the takeover negotiations with the London-based Inspired Gaming Group and its subsidiaries and co-investors. The US company has been formed with the purpose of effecting exactly mergers, acquisitions and similar business combinations and is now entirely focused on finalising with the gaming supplier. Inspired Gaming has been estimated to £200 million, including its indebtedness. Transaction expenses have been excluded from the valuation of the UK-based company. The same…

Today GVC Holdings Plc, one of the major online bookmakers on the market, announced a trading update for the six months ended June 30th, 2016. The company revealed that trading was given a boost over the period, and there was an increase in its profitability over the second quarter primarily thanks to the results over the first half of the Euro 2016 as well as to the takeover of Bwin.party. The e-gaming provider, which almost doubled in size after the acquisition of Bwin.party Digital Entertainment Plc, shared that it managed…

Mark Johnston, a horseracing trainer, has publicly asked the broadcaster ITV that is based in the UK to get rid of betting advertising from its sports coverage at the time when the brand is expected to assume exclusive race broadcasting rights at the beginning of 2017. ITV is to take control of Channel 4, and the takeover deal includes broadcasting the major events on the calendar, such as the Cheltenham Festival, the Investec Derby Festival that takes place at Epsom Downs and the Crabbie’s Grand National at Aintree. The takeover…

The UK-based bookmaker Betfred has been reported to be approaching a deal to purchase hundreds of betting shops. This happens at a time when the long-awaited merger between Ladbrokes and Gala Coral enters the final stages of the scrutiny imposed by the UK Competition and Markets Authority (CMA). A few days ago it became clear that the above-mentioned companies have been required to dispose of a large number of betting shops in order for their merger to be finally completed. The sale has been prompted by the UK Competition and…

As the UK newspaper The Sunday Times reported, the long-awaited merger between the British gambling and betting company Ladbrokes and the UK-based privately-held betting shop, casino and bingo operator Gala Coral could be confirmed as early as this week. The deal is estimated to £2 billion. The eventual merger was officially announced last week. According to the report, Gala Coral could hand an unexpected sum of £50 million to senior staff in case that everything about the merger proceeds as initially planned. In addition, some speculations were raised that the…

One of the leading providers of betting data and services SIS has officially confirmed that it has reached an exclusive deal with the Irish Greyhound Board (IGB). The 5-year contract is regarding collecting and distributing greyhound racing content to both land-based and online betting operators. In short, international streaming rights are what the contract actually includes. Getting such rights will provide the low latency streaming platform of the company – SIS Stream – with the chance to expand the reach of Irish greyhounds races to new territories worldwide. According to…

A submission to the UK Competition & Markets Authority (CMA) has been filed by the British Horseracing Association (BHA), which had shared its concerns related to the merger of Ladbrokes and Gala Coral. The Chief Executive of BHA Nick Rust has written to the CMA to state that the proposed merger of the two companies could have a negative impact on the consumer choice in both the racing and greyhound industries of the UK. An investigation of the planned tie-up was started by the CMA in December 2015. Then, in…

IG Group Holdings Plc has revealed that Mr. Paul Mainwaring was officially appointed at the position of Chief Financial Officer Designate. The new CFO will come as a replacement of Mark Ward who is to leave the ranks of the UK-based trading company after a short handover as it was initially planned. The appointment will come into effect on July 11th. This is a major step for IG Group, which comes pretty much as a conclusion of the senior executives overhaul that had been undertaken by the company over the…

CORE Gaming, which is currently one of the most successful HTML5 casino games developers in the international gaming business and has been recently acquired by Sky Betting & Gaming, revealed that a content distribution contract with the British gambling and leisure company Rank Group has been signed. This is not the first time when a gaming content distribution deal is signed by CORE Gaming. Since being established in 2011, the casino and gaming offerings supplier has already had its products offered to some of the industry giants such as Ladbrokes,…