Daily news

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    Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.

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    SBTech revenue grew year-on-year in 2019, but increased headcount and exits from dot.com markets led to much lower profit, a prospectus for the supplier's merger with DraftKings revealed.

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    Atemi has set an increased revenue target for 2020 after it posted better-than-expected results for 2019, while the online gaming affiliate has also launched a new flagship comparison site in the UK and US.

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    National Australia Bank (NAB) has become the first bank in the country to offer customers the option to block gambling transactions via its mobile application.

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    Stockholm-listed gaming operator LeoVegas Group has taken a series of cost-cutting measures including migrating its Rocket X-managed brands to its own platform.

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    Gambling software supplier GAN’s gross operator revenue increased 171.3% year-on-year to $315.6m in 2019 thanks to the growth of legal gambling in the US, according to the company’s Q4 key performance indicators.

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    Everi Holdings has bolstered its player loyalty and marketing solutions through the acquisition of assets from Micro Gaming Technologies (MGT).

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    Payments and know-your-customer (KYC) solutions provider iSignThis has lowered its earnings before interest and tax (EBIT) guidance for 2019 to AUD$6.5m (£3.4m/€4.0m/USD$4.4m) amid a dispute with the Australian Securities Exchange (ASX).

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    Sky Sports-owned At The Races (ATR) has entered into a multi-year turnover-based streaming and data deal with Betfred, covering a wide range of horseracing content from the UK.

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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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    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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    AGTech Holdings has reported a 22.7% year-on-year decline in revenue for the first six months of 2019, which was blamed on a HK$16.5m (£1.7m/€1.9m/$2.1m) decline in lottery hardware sales over the period.

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    Sports betting solutions provider Kambi has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market.

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    Online betting and gaming technology provider GAN has seen trading in the second quarter of its financial year beat expectations, with seasonal decline in igaming revenue offset by the strong performance of clients’ sportsbook offerings.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    Greek lotteries and gaming solutions provider Intralot has reported an 8.5% year-on-year decline in revenue for the first quarter of its financial year, following weaker performances from all key business units.

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    Payment processing solutions provider Nuvei Corporation has reached an agreement on the terms of an all-cash deal to acquire payment technology business SafeCharge International.

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    Online gambling operator Bet365 has joined forces with EML Payments to develop a new prepaid credit card in New Jersey. The operator is yet to launch in the state but has a partnership in place do so with the the Hard Rock Atlantic City casino.

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    Norwegian state gambling operator Norsk Tipping has introduced a new limit that will automatically stop customers from gambling with winnings of over NOK20,000 (£1,800/€2,080/$2,360) per month.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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