Daily news

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    Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.

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    Affiliate marketing giant Catena Media has reported a full-year loss of €10.5m (£8.8m/$11.3m) for 2019, primarily due to impairment charges related to assets acquired between 2016 and 2018, while all core business units struggled in the period.

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    DraftKings has extended its digital sports betting reach into Iowa by rolling out a mobile sportsbook offering, in partnership with Wild Rose Casinos and Resorts in the state.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting. 

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    A member of Northern Ireland’s legislative assembly has submitted proposals to reform the country’s gambling laws, which have not been updated since 1985, to introduce a gambling regulator, regulations for online gambling and a ban on bonuses.

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    Ahead of a meeting of German lawmakers in Nordrhein-Westphalen today (19 February), the European Gaming and Betting Association (EGBA) has proposed a series of changes to ensure a successful re-regulation of the country’s igaming market.

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    The UK Tote Group, the consortium of racecourse owners formerly known as Alizeti, has launched a new website for UK pool betting service the Tote.

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    German lottery broker Zeal Network’s revenue and earnings declined in 2019, but the business said the year was still a success despite the acquisition of Lotto24 and move away from secondary lotteries affecting its financial performance.

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    Sports betting provider Kambi has been elected as the latest member of Branschföreningen för Onlinespel (BOS), Sweden’s igaming operator trade association.

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    Gaming Innovation Group (GiG) has further expanded its presence in the US after it was granted approval by the Pennsylvania Gaming Control Board to begin offering its affiliate services in the state.

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    The Australian Competition and Consumer Commission (ACCC) has granted its approval to the proposed mega-merger between Flutter Entertainment and The Stars Group (TSG).

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    Lotteries and keno helped Tabcorp’s revenues to increase to 4.4% to $2.91bn for the six months ended 31 December, 2019, even as the operator’s wagering vertical faced integration issues and the gaming services vertical struggled.

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    Affiliate marketing giant Better Collective has reported a 66.6% year-on-year increase in revenue for 2019, aided by a record-breaking fourth quarter performance.

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    Online affiliate and content marketing provider Raketech has reported a year-on-year increase in profit for 2019, despite new regulations in the Swedish market pushing revenue down.

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    Scientific Games has reported a year-on-year rise in revenue and a reduction in net loss for 2019, despite the year ending with a difficult fourth quarter in which gaming and social revenue declined. 

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    China’s Welfare and Sports Lottery sales declined 17.5% to CNY422.05bn (£46.39bn/€55.80bn/$60.12bn) in 2019, after the year concluded with a 4.9% year-on-year decline in sales for December, according to figures from the country’s Ministry of Finance.

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    Online gambling operator Betway has secured a new licence to begin offering sports betting and online casino in Portugal.

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    IMG Arena, the sports betting division of media giant IMG, has secured the rights to provide US sports betting operators with live streams of a selection of National Hockey League (NHL) ice hockey games.

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    Brazil’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) has launched a third consultation on fixed-odds sports betting, heralding a major shift in its approach to regulation of the market and all but certainly delaying the launch of legal sports betting in the country.

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    The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet - the parent company of exchange betting operator Matchbook - following a two-year review of the business.

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