Daily news

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    Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.

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    Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.

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    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

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    David Baazov, chairman and chief executive of Amaya Gaming, has said that an “exciting” second quarter helped the company post year-on-year growth across key financials during the six months through to June 30, while the firm has also acquired daily fantasy sports website Victiv to support its expansion into the sector.