Daily news

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 0.4% month-on-month increase in sports betting revenue to $14.9m (£11.5m/€13.5m) for October, while igaming revenue was also up 19.5% to $4.9m for the month.

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    Shareholders in Eldorado Resorts and Caesars Entertainment Corporation have voted to approve the proposed merger of the two operators.

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    The Indiana Gaming Commission has revealed that players in the state staked $91.7m on sports in October, a month-on-month increase of 160.4%.

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    Affiliate giant Catena Media has reported a year-on-year increase in profit for the third quarter, despite also experiencing a decline in revenue during the period.

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    Latvia’s parliament has approved proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.

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    Halifax has become the latest UK banking group to introduce new measures to help its customers manage their money and gamble responsibly.

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    AGTech reported a 3.5% increase in third quarter revenue to HKD$70.3m, but fair value changes related to the supplier’s 2014 purchase of lottery hardware supplier Score Value offset lower operating costs, leading to a drop in profit for the period.

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    Online gaming affiliate business Net Gaming Europe has put a year-on-year drop in revenue, earnings and profit in the third quarter down to ongoing struggles related to new regulations in a number of European markets.

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    Scout Gaming Group has reported a 127.5% year-on-year increase in third quarter revenue, while the fantasy sports software supplier was able to significantly reduce its net loss for the period.

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    Licensed sports betting operators in New Jersey generated $46.4m in collective revenue for October, representing yet another new record total for the state, with market handle also hitting a new high of $487.9m.

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    International Game Technology (IGT) has reported a marginal decline in revenue to $1.15bn for the third quarter of 2016, 0.3% below last year’s figure, but profit increased more than four-fold, as foreign exchange gains more than offset higher operating costs.

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    UK National Lottery operator Camelot has announced ticket sales of £3.92bn for the first six months of its financial year, a 13.5% increase from 2018.

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    Licensed sports wagering operators in Delaware generated a collective $1.7m in revenue in October, up by 287.1% on the same month last year.

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    The latest figures from French gambling regulator L’Autorité de régulation des jeux en ligne (ARJEL) have shown the growth of horse race betting and poker has continued into the third quarter, with total revenue up 27.7% year-on-year.

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    Struggles in the South American markets Argentina and Panama, as well as struggles in its native Spain, have seen Codere report a year-on-year increase in net loss for the third quarter of the year. 

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    Banking group HSBC UK has joined forces with industry charities GamCare and GambleAware to develop and launch a new self-restriction tool to enable its customers to block gambling transactions on their accounts.

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    Swedish gambling operator Svenska Spel has donated more than SEK50m (£4.0m/€4.7m/$5.1m) to grassroots sports in the country for the seventh consecutive year as part of its Gräsroten initiative.

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    New Zealand’s Racing Industry Transition Agency (RITA) reported revenue of NZD $348.0m (£123.6m/€144.2m/$158.7m) for the fiscal year ending July 31, down 3.1% year-on-year, as it missed its target for pre-distribution profit.

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    Atlantic City Mayor Marty Small Sr. has called for the city to receive a direct cut of sports betting tax in New Jersey, arguing it has played a key role in the success of the state’s regulated market.

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    Online lottery brokerage Zeal Network has warned that full-year revenue and earnings are likely to fall significantly from the prior year, following its acquisition of Lotto24 and the pivot of its Tipp24 business from lottery betting to brokerage.

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