Daily news

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    The Minister of the Interior for the German capital Berlin has approved the federal regulatory framework for gambling, approving the city’s governing mayor Michael Müller to sign the legislation.

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    The Council of Ministers in the Indian state of Andhra Pradesh has decided to ban online gambling, and will jail those who operate or play products such as online rummy and poker.

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    New Zealand caisno operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.

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    France’s online gambling market reported a 5.6% year-on-year decline in revenue for the second quarter after the sports betting vertical saw stakes and revenue plummet as a result of novel coronavirus (Covid-19).

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    Flutter Entertainment’s integration of The Stars Group business will see it migrate all sports betting brands to the solution powering its Paddy Power Betfair division, while it aims to significantly ramp up investment in PokerStars going forward.

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    The significant expansion and diversification of Flutter Entertainment’s operations through its acquisition of The Stars Group helped the operator mitigate the disruption caused by novel coronavirus (Covid-19) in the first half of the year.

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    GVC Holdings submitted a plan to German state lawmakers in which the terms of the country’s new regulatory framework for gambling would be phased in, rather than implemented in full on a set date.

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    The Illinois Gaming Board has confirmed that restrictions will be introduced in a number of regions across the state amid rising novel coronavirus (Covid-19) cases.

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    Online gambling revenues drastically increased in Portugal during lockdown, with operators bringing in revenue of €138.9m, up 44.2%, in the first half of 2020, new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ) have revealed.

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    Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.

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    Acroud - the affiliate marketing business formerly known as Net Gaming -  saw revenue drop by 10.5% to €6.8m in the first half of 2020 as casino declines offset poker growth while profits were halved by currency fluctuations.

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    Online random number generator (RNG) games will face a three-second spin limit and may not be advertised outside of an operator’s website, according to the country’s new secondary legislation as part of its Gambling Reform Act.

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    Industry supplier i3 Interactive announced today (11 Aug) that it has entered into an agreement to acquire all shares in an unnamed private British Columbia (BC) corporation that owns and operates a poker brand active in the Indian market.

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    Industry giant Playtech has rolled out a range of online casino content and its poker technology with Baltic-facing operator Enlabs.

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    HeadsUp Entertainment - the former owners of the Canadian Poker Tour - said it is in the “final stage” of negotiations to acquire an online betting and gaming business.

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    The Austrian Financial Police have shut down a number of illegal gambling operations in the state of Upper Austria, following a series of raids that saw 38 gaming machines and two poker tables confiscated.

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    The Swedish Gaming Inspectorate’s (Spelinspektionen) latest report on gambling amid the novel coronavirus (Covid-19) pandemic warns that the impact of the crisis on problem gambling figures will not be apparent until later in 2020 at the earliest.

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    H2 Gambling Capital upgraded online gambling’s share of expected 2020 global gross win to 17.4% this week, with this expected to edge past 18% in the not-too-distant future.

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    Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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