Daily news

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    Spanish gambling operator Cirsa has reported a year-on-year drop in operating income and operating profit for the first quarter, primarily due to the closure of land-based gaming facilities across a number of markets as a result of the novel coronavirus (Covid-19) pandemic.

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    Betfair will once again allow exchange wagering on the Australian National Rugby League (NRL) after the two parties agreed finalised a new integrity deal, though the agreement has forced the operator to increase the commission it charges on customer winnings.

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    Sports betting operator PointsBet has hailed news that Australia's National Rugby League and Australian Football League will return in May and June respectively, saying it would aid a business that has performed strongly despite the novel coronavirus (Covid-19) pandemic.

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    The Italian government is to introduce an 0.5% tax on licensees’ sports betting turnover to fund the recovery of the country’s sports following the novel coronavirus (Covid-19) enforced shut-down.

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    Sweden's liicensed gambling operators reported revenue of SEK5.90bn in the first quarter of 2020, down 1.4% from 2019, according to new figures from regulator Spelinspektionen and the Swedish Tax Agency.

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    Chinese lottery sales continued their recovery into April, though with the novel coronavirus (Covid-19) pandemic not allowing some provinces to resume sales until May, the monthly total was down 35.0% year-on-year.

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    Danish gaming operator Danske Spil has reported a marginal year-over-year increase in revenue for the first quarter of 2020, with declines in its igaming and gaming machine arms mitigated by growth in its lottery business.

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    H2 Gambling Capital has downgraded its gross win forecast for the global gambling sector by just $1bn this week, taking the total decline below pre-outbreak expectations to 21.7%.

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    Saratoga Harness Racing’s planned purchase of Wildwood Casino in Cripple Creek, Colorado from American Gaming Group (AGG) has been canceled because of the effect of the novel coronavirus (Covid-19) on both businesses.

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    Australian gaming machine supplier Aristocrat Leisure has said a deferred tax asset of approximately AUD$1.0bn (£537.8m/€598.2m/US$657.7m) meant it was able to post $1.6bn in comprehensive profit for the first half of its financial year.

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    The conclusion of the legal dispute over the payment of value-added tax (VAT) on revenue generated from gaming machines has led to GVC Holding revealing that it expects to see up to £200m repaid.

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    iGaming software supplier and white label solutions provider EveryMatrix has named Samoil Dolejan as the new chief executive of its MoneyMatrix payment processing business.

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    Daily fantasy sports provider Scout Gaming Group has revealed that a 148.6% year-on-year increase in revenue during the first quarter helped to reduce its losses for the period.

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    Financial income helped the Gambling.com Group's profits increase year-on-year in Q1 2020 even as revenue declined 28% to €3.8m.

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    Affiliate marketing business Net Gaming Europe has reported a 21.3% year-on-year decline in first quarter revenue, though new chief executive Robert Andersson claims that a refocused business has sufficient untapped potential to grow from Q2 onwards.

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    Gambling tech giant Playtech has revealed it was able to perform as expected in the first quarter, experiencing a strong trading period despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    Performance marketing specialist Atemi has reported a year-on-year rise in revenue and new depositing customers (NDCs) during the first quarter, while the business is forecasting forecast further growth in Q2 despite the ongoing novel coronavirus (Covid-19) pandemic.

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    Australian gambling operator Tabcorp has announced it will not pay a dividend in relation to its 2020 financial year as part of its response to mitigate the impact of the novel coronavirus (Covid-19) pandemic on the business.

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    Pennsylvania’s online gaming revenue almost doubled to in April, and with all casinos closed during the month, the vertical accounted for 93.4% of the state’s gambling revenue for the month.

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    Inspired Entertainment has seen its acquisition of Novomatic's Gaming Technology Group contribute to a rise in Q1 revenue, though costs associated with the deal have resulted in the supplier posting a net loss of $17.4m for the quarter.

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