Daily news

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    Eldorado Resorts is a step closer to completing its $17.3bn (£13.3bn/€15.6bn) acquisition of Caesars Entertainment Corporation after receiving regulatory approval in Missouri.

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    Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.

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    Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year's £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.

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    Oregon residents wagered $17.1m via the state lottery’s SBTech-powered sports betting app  Scoreboard in November, the first full month of legal mobile wagering in the state.

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    Affiliate marketing giant Better Collective has raised SEK312m (£25.1m/€29.5m/$32.7m) for future M&A activity through the directed issue of 4m shares in the business.

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    Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.

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    The Lithuania Gambling Supervisory Authority has revealed that turnover from regulated lottery gaming in the country during the nine months to 30 September 2019 climbed 10.1% year-on-year to €82.3m (£70.2m/$91.2m).

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    The Danish government is to increase the tax paid by the country’s licensed igaming operators to 28% of gross gaming revenue, claiming that this will ultimately raise DKK150m in new revenue.

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    Spain’s regulated online gaming market has reported a 5.4% year-on-year increase in gross gaming revenue for the third quarter of 2019, with the growth of online casino again supported by the recovery of the sports betting vertical.

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    Lottery and gaming solutions provider Intralot has once again reported a year-on-year decline in quarterly revenue, with the total for the three months to 30 September falling 5.4%.

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    Rhode Island’s sports betting revenue for October declined slightly from a record September despite its highest-ever handle, as operators took in $2.5m from the vertical.

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    The gambling industry in Spain produced €7.77bn in gross gaming revenue (GGR) in 2018 with the online sector rising 22.5% to bring in GGR of €812.0m, according to new figures published by the Dirección General de Ordenación del Juego (DGOJ), the country’s gambling regulator.

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    The gross gambling yield of the British gambling industry declined 0.3% year-on-year to £14.36bn in the year ending 31 March 2019, as remote gambling revenue fell 0.6% to £5.3bn despite higher stakes, according to new figures from the GB Gambling Commission.

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    Webis Holdings, the parent company of WatchandWager, has announced a loss of $930,000 (£718,820/€844,335) for the 12 months to 31 May 2019, after the loss of a large wagering syndicate led to a significant year-on-year decline in customer spending.

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    Greek operator OPAP reported revenue of €393.6m for the third quarter of 2019, a 6.7% year-on-year increase.

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    The Republic of Ireland’s Minister for Justice and Equality, Charlie Flanagan, has announced plans to cap the maximum stake on gaming machines at €5 (£4.25/$5.51), while the top prize will be set at €500.

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    Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn. 

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    New Zealand’s Racing Industry Transition Agency (RITA) has revealed that turnover and profit for the year-to-date are both ahead of initial expectations, while the organisation remains hopeful that a second Racing Bill will be passed to come into force by June 2020.

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    Sky Sports-owned At The Races (ATR) has entered into a multi-year turnover-based streaming and data deal with Betfred, covering a wide range of horseracing content from the UK.

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    Betting technology provider Sportech believes it is on track to surpass its forecasted adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the current financial year, while group revenue looks set to be in line with expectations.

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