France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover. The budget amendments still require approval from the National Assembly before they can come into law.
Colombian gambling monopoly Coljuegos’ collections from online gambling licensees grew 106.3% for the year ending 31 October to COP65.97bn, as it took in a total of took in COP617.21bn from all licensees, a 15.5% increase.
Iowa’s regulated sports betting market has recorded a 36.4% month-on-month decline in revenue for November, after a rise in handle was accompanied by an increase in payouts to customers.
Sports betting revenue in New Jersey fell 29.1% month-on-month to $32.9m in November, despite the state processing a record amount of wagers during the month.
Online gaming solutions provider River iGaming will focus more on B2B operations after the division performed ahead of expectations in the third quarter, but has sought advice on strategic alternatives for its B2C business after it fell short of targets.
Norway’s gambling regulator Lotteritilsynet has revealed that it will have greater power to block transactions to and from unlicensed operators in the country as a result of amendments to laws on payments.
Online gaming revenue generated by operators across the European Union (EU) in 2018 amounted to €22.2bn (£18.7bn/$24.6bn), with the market expected to grow to almost €30bn by 2022.
New Jersey’s online gambling industry created 1,851 jobs in the state and brought in $52.3m in taxes in 2018, according to a new report from iDEA Growth, the iDevelopment and Economic Association.
Indiana’s regulated sports betting market saw strong growth in customer stakes in November, though revenue declined month-on-month, according to the latest figures from the Indiana Gaming Commission.
France’s Agence des participations de l’État (APE) has confirmed that the initial public offering of share in lottery and gaming giant La Française des Jeux (FDJ) has raised €1.89bn for state coffers.
Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.
Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year's £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.
Oregon residents wagered $17.1m via the state lottery’s SBTech-powered sports betting app Scoreboard in November, the first full month of legal mobile wagering in the state.
Affiliate marketing giant Better Collective has raised SEK312m (£25.1m/€29.5m/$32.7m) for future M&A activity through the directed issue of 4m shares in the business.
Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.
The Lithuania Gambling Supervisory Authority has revealed that turnover from regulated lottery gaming in the country during the nine months to 30 September 2019 climbed 10.1% year-on-year to €82.3m (£70.2m/$91.2m).
The Danish government is to increase the tax paid by the country’s licensed igaming operators to 28% of gross gaming revenue, claiming that this will ultimately raise DKK150m in new revenue.
Spain’s regulated online gaming market has reported a 5.4% year-on-year increase in gross gaming revenue for the third quarter of 2019, with the growth of online casino again supported by the recovery of the sports betting vertical.
Lottery and gaming solutions provider Intralot has once again reported a year-on-year decline in quarterly revenue, with the total for the three months to 30 September falling 5.4%.
The gambling industry in Spain produced €7.77bn in gross gaming revenue (GGR) in 2018 with the online sector rising 22.5% to bring in GGR of €812.0m, according to new figures published by the Dirección General de Ordenación del Juego (DGOJ), the country’s gambling regulator.
