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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    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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    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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    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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    Amaya has suffered a heavy drop in its share price after it was revealed that chief executive David Baazov will face five charges of insider trading in regards to the company’s acquisition of Oldford Group, the owner of PokerStars.

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    Italian authorities have announced that they are to introduce new tax rules for online sports betting operators in the country, confirming that companies will now pay a 22% tax on betting revenue.

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    Vegas tab at online and land-based sportsbook operator’s Ladbrokes.com domain will initially feature around 70 of developer’s games including Little Britain slot.