Daily news

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    Canadian provincial lottery operator Loto-Québec has reported a 3.1% year-on-year increase in revenue to CAD$2.83bn (£1.68bn/€1.89bn/US$2.12bn) for its 2018-19 financial year, with the contribution from its igaming offering growing to $105.4m.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    The number of operators battling for one of the Argentine capital province’s seven igaming licences continues to grow, with Spanish operator Luckia the latest to enter the fray.

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    Revenue from regulated gambling in the Czech Republic fell 21.3% in 2018 to CZK31.3bn (£1.1bn/€1.2bn/$1.4bn), with the decline down to a lower contribution from slot machines.

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    TV Global Enterprises, operator of the Latin America-facing betting and gaming brand BetCris, has become the latest operator to join the race for one of Buenos Aires province’s seven igaming licences.

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    A trio of international gaming operators have entered the race to secure online gambling licences in Argentina’s capital province of Buenos Aires. There are now 10 companies competing to secure one of seven operating licences.

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    The Gambling Commission has joined forces with partners in Wales to develop a new national strategy, with the aim of reducing gambling-related harms in the country.

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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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