Daily news

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    Lawmakers representing Schleswig-Holstein’s ruling coalition have put forward a number of key regulatory objectives for the renegotiation of Germany’s federal gaming laws ahead of the annual meeting of state heads and chancellors.

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    The Brazilian Ministry of the Economy’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) has published a draft of the decree governing fixed-odds sports betting for comment, the final opportunity for the betting industry to suggest changes.

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    Sports betting technology provider SBTech has won a tender to provide a new multi-channel sportsbook solution to Swedish gaming operator Svenska Spel.

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    Strong growth in revenue from OPAP's video lottery terminal division has helped the Greek lottery and gaming operator report a year-on-year increase in revenue for the first half of the year, as well as offsetting a decline in sports betting revenue.

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    Helen Whateley has been named as the new Parliamentary Undersecretary of State at the UK’s Department for Digital, Culture, Media and Sport (DMCS), with responsibility for gambling and lotteries.

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    Following the conclusion of a public consultation on the country’s sports betting regulations, the Brazilian government is to publish a draft bill for comment later this month.

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    A new report from Poland’s Supreme Audit Office (NIK) has revealed that while regulated the gambling industry has grown rapidly following amendments to the country’s Gambling Act in 2017, it is still dwarfed by the illegal market.

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    William Hill chief executive Philip Bowcock is to step down from his role at the end of September, with the company's chief digital officer Ulrik Bengtsson named as his replacement.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    GVC Holdings remains confident that the business will be able to withstand potential regulatory headwinds across a number of its key and emerging markets, and believes it will see little change to German operating conditions.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    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.

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    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.

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    West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market. 

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    Lower Austria, the country’s largest state, has submitted sports betting legislation to regulate online and retail betting to the European Commission.

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    GVC Holdings has announced a number of changes to its senior product team in order to fine-tune its operational structure.

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    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.

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    The number of UK consumers complaining about gambling operators has increased by almost 5,000% over the last five years, according to Gambling Commission figures obtained by BBC’s Panorama programme.

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