Daily news

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    Esports Entertainment Group has forecast revenue of $13.0m (10.0m/€10.9m) for its 2021 fiscal year, the first year in which the esports betting operator will be able to post revenue.

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    Allied Esports Entertainment, the group that includes World Poker Tour (WPT), has reported a comprehensive loss of $10.9m (£8.3m/€9.3m) for the second quarter, after its revenue was hit by the novel coronavirus (Covid-19) shutdown of certain esports events.

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    Esports betting operator Luckbox has completed a second tranche of funding, raising a further CAD$627,650 from investors, and taking the total sum raised through its current round to $4.5m.

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    Esports betting operator Esports Entertainment Group has announced that it secured approximately $4.4m (£3.5m/€3.9m) from the exercise of warrants, further strengthening its financial position as it prepares to execute its expansion strategy.

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    Allied Esports Entertainment, the esports event business that includes World Poker Tour (WPT), has posted increased losses and lower revenue for the first quarter of 2020, due in part to the novel coronavirus (Covid-19) global pandemic.

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    The Pennsylvania Gaming Control Board (PGCB) saw gambling revenue in the state more than half in March due to the widespread shutdown of casinos and postponement of sports events as a result of the novel coronavirus (Covid-19) outbreak.

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    A group of major gambling operators have announced that they will donate any profits from this Saturday’s virtual Grand National event to the UK’s National Health Service (NHS).

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    Online betting and gaming technology provider GAN has said that stronger-than-expected demand for its sports betting services in the US helped to drive gross operator revenue up 202.7% year-on-year during the third quarter.

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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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    Online gambling operator Esports Entertainment Group has applied to list its common shares on the NASDAQ Capital Market. Subject to relevant approvals, the operator will trade $11.5m worth of shares.

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    Social casino studio KamaGames has reported a 33% increase in revenue for 2018, with the Pokerist operator crediting its focus on personalised promotional campaigns and efforts to improve player retention as key drivers of growth.

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    Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening to €4.7m in the transitional period.

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    Lottery remains biggest revenue-generator despite 10% year-on-year fall

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    Company strikes deal for 51% stake in Pixel Holding Group

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    Inspired Entertainment has reported a year-on-year increase in revenue for the second quarter, while the company also cut net loss by 94.5% in the period

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    Scientific Games has reported year-on-year financial growth across all business segments for the 12 months to December 31, 2017

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    Kambi Group has purchased a stake in virtual sports gaming start-up company Virtus Sports

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    The UK Gambling Commission (UKGC) has reported that the amount of punters using a mobile phone or tablet to bet increased to 51% in 2017

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    The Stars Group has purchased a 62% stake in Australia’s CrownBet Holdings for an aggregate amount of approximately US$117.7 (€96.2m)

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    LeoVegas has acquired a 51% majority stake in GameGrounds United, owner of the Casino Grounds streaming network.

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