Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.
The German state of Hesse is gearing up to begin the process to award the country’s sports betting licences, with analysts warning that operators could see up to 70% of revenue disappear as a result of the restrictive operating model.
LeoVegas Gaming Group's UK subsidiary Rocket X has joined forces with problem gambling treatment solutions provider Gambling Therapy to launch LeoLine, a new live chat service that offers immediate help for customers looking to address gambling issues.
Inspired Entertainment saw revenue fall $10.2m (£8.4m/€9.1m) in the second quarter of its financial year, with the decline blamed on the UK government’s decision to reduce maximum B2 machine stakes to £2. The supplier posted a net loss of $10.7m for the period.
Scout Gaming Group has launched player odds sportsbook, a new product that combines elements of daily fantasy sports contests with fixed odds betting elements, alongside a new promotional tool, Betflex.
Clarion Gaming, the parent company of iGaming Business, has partnered SiGMA Group for a new Asian gaming event under the ICE banner. The event will take place from 7 to 9 June next year, at the SMX Manila in the Philippines.
The Washington Redskins NFL American football franchise has linked up with a local NBC Sports affiliate to launch an interactive, predictive gaming live television presentation of its four pre-season games.
The Brazilian Ministry of the Economy has launched a month-long public consultation on sports betting regulation as it works to develop a legal framework for the vertical. Interested parties have until 31 August to submit comments.
Betdaq has rolled out a new fixed-odds sportsbook to support its exchange and online casino offering. Features include a shared Betdaq wallet, full and partial cash out, live streaming and in-play betting.
The New Zealand government has launched a public consultation to gauge public support for regulating new forms of online gambling. Members of the public and industry stakeholders are invited to submit comment on four potential regulatory models, as well as harm prevention measures, by September 30.
The GB Gambling Commission has handed Ladbrokes Coral a penalty package of £5.9m (€6.4m/$7.2m) for systematic failings related to social responsibility and anti-money laundering measures, while investigations into the actions of personal management licence-holders continue.
Operators looking to secure a sports betting licence for the federal German market must commit to cease offering all illegal forms of gambling, such as online casino, according to a new directive from the body responsible for processing applications.
Sports betting solutions provider FSB Technology has secured a £23m growth capital investment from Canadian venture capital fund Clairvest Group, with the money to be used to pursue growth opportunities in regulated markets.