Daily news

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    Researchers in the Australian Capital Territory (ACT) have warned the state needs to have a serious discussion about the role of gambling in society after estimating that as much as 14% of its population has been negatively affected by gambling.

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    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

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    A bill to regulate sports betting in Puerto Rico is headed to Governor Ricardo Rosselló Nevares to be signed into law after passing the unincorporated US territory’s legislature. 

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    Betting technology provider Sportech has named its interim executive chairman Richard McGuire as its new chief executive officer.

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    Sportech has made a number of changes to the leadership of the betting technology provider’s B2B division, which sees a number of staff from the recently acquired ilottery business Lot.to take on key positions.

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    An amendment to a federal bill that determines funding granted to the Department of Justice seeks to block the money from being used to enforce its revised stance on the 1961 Wire Act. 

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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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    A trio of bills that would regulate sports betting in Montana have progressed through the state legislature, with just weeks left of the state’s regular session. Two of the three have been passed by the House and transferred to the Senate, while one was approved by the Senate and transferred to the house earlier this week.

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    The chairman of the Connecticut House Public Safety and Security Committee Joe Verrengia has filed a proposal to regulate online and land-based sports betting in the state.

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    The Gambling Commission, responsible for regulating gambling in England, Scotland and Wales, has reported a slight decline in the prevalence of problem gambling in 2018, though there were clear signs that public perception of the industry is worsening.

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    The Department of Justice (DoJ) is set to extend the window in which it will not enforce its revised interpretation of the Wire Act, according to sources close to the matter.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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    The Delaware Lottery’s igaming offering enjoyed a strong start to 2019, with revenue up 57.9% year-on-year, driven largely by the performance of Dover Downs.

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    Bank becomes first high street giant to launch service that allows users to block or set limits to gambling spending

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    The UK Gambling Commission (UKGC) national regulatory body has revealed the UK remote and non-remote gambling markets experienced year-on-year growth in terms of gross gaming yield (GGY) during the 12 months through to March 31, 2015.