Day: 13 September 2018

The Isle of Man-based gambling operator GVC Holdings has revealed that its profit rose over the first half of 2018, with the gains brought by the World Cup helping its performance. The company further noted that more cost savings from the £4-billion Ladbrokes acquisition have been identified. According to the gambling operator’s report, its revenues for the first six months of the current fiscal year marked an 8% increase in comparison to the same period a year ago, reaching £1.7 billion. In addition, GVC Holdings’ underlying operating profits rose by…

Lotterywest, the body that regulates the lottery in Western Australia, revealed its decision to review its brand and marketing strategy as it considers its market share at risk due to stiff competition from other gaming services providers. The statutory authority of the Government of Western Australia has issued a warning that smaller population growth and the slow-moving local economy could affect its future revenue growth. In its annual report to State Parliament, Lotterywest said that the more relaxed regime for online companies to get operating licenses had resulted in a…