Daily news

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    Lottery operator's board hope intervention will persuade shareholders to back Lotto24 bid as Lottoland CEO ups the ante with further allegations

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    Lottoland Australia has said that a new betting product based on financial markets does not breach gambling laws in the country, despite facing an official complaint against the service

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    New Jersey’s sports books took more than $1bn in wagers during 2018, though the state saw a month-on-month drop in both handle and revenue in December, a month that also saw FanDuel leapfrog DraftKings to become the market's leading betting operator.

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    The US Department of Justice has revised its 2011 ruling on the Wire Act to state that the law’s prohibition applies to all forms of gambling, in what may prove a major victory for opponents of online gambling.

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    The FOBT All Party Parliamentary Group (APPG) is to examine the impact of online gaming on the vulnerable after expanding its focus in an effort to tackle more issues arising from gambling in the UK.

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    Hard Rock International has set out plans to open an integrated entertainment complex on the Japanese island of Hokkaido as part of its bid to secure a casino gambling licence in the country.

     

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    The UK greyhound racing industry is to receive up to £3m in additional funding from betting operators through a new voluntary agreement that will see the British Greyhound Racing Fund’s 2019 income grow to £10m.

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    DraftKings has issued an apology after controversy dogged the finale of its first-ever Sports Betting National Championship on Sunday. The competition’s leader was not able to place bets on the final National Football League (NFL) playoff game of the weekend because his previous wagers had not been processed, causing him to miss out on a chance of winning the $1m first prize.

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    iGaming start-up Carousel Group has set its sights on securing licences in the UK, US and Sweden after unveiling two its new sports betting brands, SportsBetting.com and RaceBook.com. 

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    GamStop has vowed to strengthen the service it provides to consumers after a BBC investigation accused the self-exclusion service of failing to adequately protect problem gamblers. The exposé came during GamStop’s initial launch, which began last April, in which it is actively seeking feedback from users with a view to improving its offering.

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    The percentage of Sweden’s population that gambles has fallen by 10% over the past five years, according to the annual market survey conducted on behalf of the country’s gambling regulator Spelinspektionen, the last investigation into the market carried out before new iGaming regulations came into force on January 1, 2019.

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    JPJ Group expects to hit the higher end of forecasts for both revenue and adjusted EBITDA in the 12 months to December 31, 2018 thanks to the strong performance of the Vera&John brand across a number of international markets.

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    Zeal Network has tuned down Lottoland’s offer of €76m to purchase its German business, with CEO Helmut Becker again accusing the lottery betting operator of trying to disrupt ongoing acquisition talks with Lotto24

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    The parent company of New York-based multi-purpose venue Madison Square Garden could be set to move into the sports betting market after applying to trademark its MSG brand for sports wagering purposes across online, mobile and social media

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    A ten-year contract to operate fixed-odds and pari-mutuel wagering on behalf of Turkey's sports betting and lottery operator SporToto is up for grabs, with the country's government aiming to generate ₺17bn from first full year after launch.

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    UK National Lottery operator Camelot is to launch Set For Life, a new draw-based lottery game offering players the chance to win a top prize of £10,000 a month for the next 30 years, in March.

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    Lottoland Holdings has proposed a cash offer of up to €76m for Zeal Network’s core German business in the latest twist in the drama relating to the latter’s proposed takeover of Lotto24. The lottery operator’s proposed offer, signed by CEO Nigel Birrell and published this morning by Zeal, would see it acquire the Germany-facing Tipp24.com brand. It called on the company to "immediately postpone" next week's vote on the acquisition of Lotto24.

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    Nevada Gaming Control Board recommends approving operator's application for licences covering the launch of an additional seven additional sportsbooks in the state

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    West Virginia may follow up last year’s legalisation of sports betting with the regulation of online poker and casino, should a new bill filed by Representatives Shawn Fluharty and Joe Canestraro pass into law.

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    Francesco Gaziano, Jim Parkins, Brian Dean and Troy Cox will all take on additional responsibilities at the sports betting and gaming company after a trio of senior executives, including chief executive Ian McLoughlin, left the Italy-facing operator.

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