Daily news

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    Denmark's state-controlled gaming operator Danske Spil has announced that a record number of customers became millionaires by playing its games in 2019.

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    Swedish gambling operator Svenska Spel has revealed that it donated more than SEK4.3m (£343,084/€405,213/$446,417) to youth sports associations in the country through its ‘Prispallen’ initiative during 2019.

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    The founders of betting and gaming giant Bet365 paid taxes of £276m in the 2018-19 fiscal year, making it the UK’s biggest taxpayer for the first time.

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    White label and gaming content provider Nektan has reported a year-on-year rise in operating losses for 2019, despite also experiencing an increase in revenue for the year.

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    Interwetten boasted of the “most successful year in the company’s history” in its latest trading update, as gross gaming revenue (GGR) increased 25% to €99.5m in 2019, while turnover came to more than €2bn, up 30% year-on-year.

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    Penn National Gaming has appointed David William, a Apple executive, as its new chief financial officer and executive vice president with effect from 3 March.

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    Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.

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    Canadian media business theScore posted a comprehensive loss of $4.1m during the first quarter of its financial year, primarily due to costs related to its ongoing expansion efforts across North America.

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    The three commercial casinos in Detroit, Michigan, posted a record $1.45bn in adjusted gross revenue for the 12 months to 31 December 2019.

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    Fantasy sports software provider Scout Gaming Group has raised approximately SEK36m (£2.9m/€3.4m/$3.8m) through two directed share issues.

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    Casino operator Eldorado Resorts has secured approval from the Louisiana Gaming Control Board to proceed with its pending acquisition of Caesars Entertainment Corporation.

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    Spread betting and contracts for difference (CFD) provider IG Group Holdings has reported a year-on-year decline in revenue and profit in the first six months of its financial year, primarily due to the impact of new European Securities and Markets Authority (ESMA) regulations.

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    Affiliate marketing specialist XLMedia’s shares declined 29.4% as it announced recent changes to the Google rankings of its sites have led to a “significant decrease in traffic” that would hurt the company’s revenue.

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    GVC Holdings, owner of the Ladbrokes Coral and bwin.party businesses, has said that it expects to post a year-on-year increase in revenue for 2019, primarily due to growth within its online division offsetting a decline in its UK retail business.

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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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    Problem gambling funding body GambleAware has revealed that GVC Holdings pledged to donate the most money in the nine months to 31 December 2019, despite not adding to the amount it committed to in the first half of the year.

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    Licensed online gaming operators in Delaware generated $3.6m in revenue for 2019, an increase of 38.5% on the previous year.

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    The Rank Group has said that it is likely to post better-than-expected operating profit for the 12 months through to 30 June, 2020, due to positive trading within its digital and Grosvenor Casino and international land-based venues businesses.

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    Spanish independent consumer rights body FACUA-Consumidores en Acción has asked the country’s Minister of Consumer Affairs, Alberto Garzon, to introduce a ban on the use of credit cards for gambling.

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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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