Daily news

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    The Oregon Lottery has revealed that it expects to generate $141.2m in revenue over the first three years following the launch of its SBTech-powered retail and mobile sportsbook. 

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    The Gaming and Lotteries (Amendment) Bill 2019, Ireland’s placeholder legislation for the country’s betting and gaming sector, has progressed to the committee stage in the Dáil Éireann. Meanwhile Minister for Finance Paschal Donohoe has confirmed that work on an alternative tax system for independent bookmakers to replace the 2% turnover tax is ongoing.

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    Land-based and online betting and gaming operator Betfred has posted a loss of £40.7m for its financial year ended September 30, 2018.

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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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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer. However ARJEL has suggested that with growth in other verticals still slow, a shift to a revenue-based tax regime may be key to safeguarding the industry in the long-term.

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    More than 70 MPs are calling for changes to be implemented earlier

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    Changes in FOBT regulations will also be delayed until October 2019

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    Operator has filed a formal complaint with the European Commission

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    The UK Gambling Commission (UKGC) has revealed it issued more than £18m (€20.1m/$23.6m) in fines to gambling companies during the past financial year

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    The UK’s Competitions and Markets Authority (CMA) has today (Wednesday) given its approval to the proposed merger of GVC Holdings and Ladbrokes Coral Group

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    The UK Competition and Markets Authority (CMA) is to investigate the proposed acquisition by GVC Holdings of Ladbrokes Coral Group

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    NYX Gaming Group has filed an anti-trust lawsuit against William Hill over alleged “wrongful conduct” regarding the proposed acquisition by Scientific Games

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    Ladbrokes has failed in an appeal to HM Revenue & Customs (HMRC) in the UK to overturn a ruling over a bogus tax avoidance scheme and has been ordered to pay £71 million (€83.7 million/$88.4 million).

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    The UK’s tax authority is to implement new rules regarding free bets, freeplays and discounted betting.

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    The UK Competition and Markets Authority (CMA) has granted final clearance to the pending merger between Ladbrokes and Gala Coral.

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    Ladbrokes has cited growth in its digital business as one of the main reasons behind a rise in revenue in the third quarter, while Boylesports has said it will review the sale of Ladbrokes and Coral shops to Betfred and Stan James.

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    Ladbrokes and Gala Coral have agreed to a demand from the UK Competitions and Markets Authority (CMA) to sell shops in order to proceed with their planned merger.

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    The UK’s Competitions and Markets Authority (CMA) has confirmed Ladbrokes and Gala Coral must sell shops in order for their proposed merger to go through.

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