Daily news

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    Gambling operator Cirsa has reported a net loss of €5.6m (£5.0m/$6.3m) in the first quarter of 2019, despite its Spanish operations and Latin American casinos helping drive revenue up.

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    Online gaming operator 888 has cited the performance of both its sports betting and casino operations as the key drivers behind a 6% year-on-year increase in revenue during the first 15 weeks of the year.

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    Isle of Man based igaming software supplier Microgaming has appointed Leon Thomas as its new managing director of bingo.

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    Online bingo and casino operator Stride Gaming has put a 13.0% year-on-year drop in revenue during the first half of its financial year down to the impact of new regulations in the UK market.

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    The Rank Group has reached an agreement on an all cash offer to acquire Stride Gaming, paying 151 pence per share for the business. This values Stride at £115.3m. 

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    A host of leading betting and gaming operators have struck partnerships with local operators in Buenos Aires as Argentina’s capital province moves towards the roll-out of online gambling.

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    Gross gambling yield for the UK’s online gaming sector climbed 2.9% to £5.6bn in the 12 months to September 2018, despite the wider gambling market seeing a decline during the period.

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    The Czech Republic’s Ministry of Finance has confirmed that it will increase the tax rate on certain gambling activities in the country from January 2020. Taxes will be split into three levels, according to how harmful the government perceives the activity to be.

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    European regulatory authority Gaming Regulators European Forum (GREF) has appointed Jorn Starck, executive director of the Alderney Gambling Control Commission, as its new chairman.

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    Irish Minister of State David Stanton has revealed that work on developing a new framework for regulating gambling in the country, including the establishment of a new authority to oversee and implement the legislation, will take up to 18 months.

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    Online bingo and casino operator JPJ Group has cited the performance of its Vera&John business as the main driver behind a 13% year-on-year increase in revenue during the first quarter.

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    GambleAware has confirmed it will invest an additional £3.9m (€4.5m/$5.0m) to help fund the expansion of the National Gambling Treatment Service through GamCare and its network of partners across Great Britain.

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    Gambling revenue in Latvia increased 15.3% year-on-year in the first quarter, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) reporting growth across all key verticals.

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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    The Rank Group has reported further revenue growth across its digital business during the third quarter, but overall revenue for the operator remained flat due to a lack of growth in its land-based operations. The company will also begin a search for a new chair, after Ian Burke announced he will not stand for re-election at the company's Annual General Meeting in October.

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    The UK Gambling Commission and Competition and Markets Authority (CMA) have published a joint letter calling for operators to pay closer attention to consumer protection law to help ensure players have access to a fair and transparent market.

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    The Gambling Commission of England, Scotland and Wales aims to make faster progress on reducing gambling related harms through its new National Strategy to Reduce Gambling Harms, with a focus on improving prevention and education efforts and enhancing treatment and support.

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    Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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    The UK Gambling Commission has set out its business plan for 2019-20, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry.

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