Daily news

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    Sweden’s AB Trav och Galopp (ATG) posted the highest full-year revenue in the company’s history in 2019, though a decline in its core racing vertical and Sweden’s new gaming taxes hit operating profit for the year.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting. 

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    Ahead of a meeting of German lawmakers in Nordrhein-Westphalen today (19 February), the European Gaming and Betting Association (EGBA) has proposed a series of changes to ensure a successful re-regulation of the country’s igaming market.

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    France’s online gaming market revenue grew 18.1% year-on-year to €1.42bn in 2019, thanks in part to a 27.3% increase in the contirbution from sports betting, according to online gambling regulator L’Autorité nationale de régulation des jeux en ligne (ARJEL).

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    Scientific Games has signed a four-year extension to its deal with William Hill to continue to provide the bookmaker with its sports betting and igaming solutions in the UK and Europe.

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    Svenska Spel's revenue declined and new taxes slashed profits in what chief executive Patrik Hofbauer called “the most tumultuous year in the history of the group and the [Swedish] gaming industry.”

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    Unibet operator Kindred Group has revealed a year-on-year decline in profit for 2019, primarily due to higher costs associated with its expansion efforts in the US.

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    Members of the German operator body the Deutscher Sportwettenverband (DSWV) have recommended the federal states remove the need for sports betting licensees to shut down their online casino offerings until the new State Treaty comes into effect.

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    Playtech has entered into a new digital sports betting partnership with Greek operator OPAP, while the gambling technology giant has also signed an extension to its long-term agreement with online gaming operator Mansion.

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    Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see the operator acquire a 36% stake in the digital sports media company.

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    Schleswig-Holstein claims that Germany’s 16 federal states have made a breakthrough in negotiations over a new State Treaty on Gambling, describing the agreed model as a “really good result” for all jurisdictions.

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    Gaming solutions provider Inspired Entertainment has secured a deal to launch its virtual sports titles with bet365 in New Jersey, and also agreed to provide a selection of its online casino games to 888.

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    Ukraine’s legislature has approved a bill that would legalise gambling in the country in its first reading, with 260 of the country’s 450 deputies voting in favour.

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    Players in Pennsylvania spent a total of $1.26bn on legal sports wagering in the first half of the state’s 2019-20 financial year, while revenue for the regulated market reached $91.4m during the period.

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    iGaming operator ComeOn will be known as ComeOn Group going forward, to better reflect the business’ activities across a range of brands and markets.

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    Nebraska state senator Justin Wayne has introduced a bill that would define sports betting, paid fantasy sports and poker as games of skill.

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    Players wagered a total of $4.58bn (£3.52bn/€4.11bn) in New Jersey over the course of 2019, with operators generating revenue of $299.4m for the year.

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    Nevada’s sports betting handle reached a new high watermark of $614.1m as the state’s casinos took in a total of $937.5m in revenue.

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    Australian sports betting operator PointsBet and PokerStars and Fox Bet operator the Stars Group each signed a market access agreement with a Native American tribe for a path into Michigan’s regulated betting and igaming market.

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    Michigan Governor Gretchen Whitmer has ratified bills to legalize sports betting and online gaming in the state, paving the way for a 2020 roll-out. 

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