Sweden’s AB Trav och Galopp (ATG) posted the highest full-year revenue in the company’s history in 2019, though a decline in its core racing vertical and Sweden’s new gaming taxes hit operating profit for the year.
Ahead of a meeting of German lawmakers in Nordrhein-Westphalen today (19 February), the European Gaming and Betting Association (EGBA) has proposed a series of changes to ensure a successful re-regulation of the country’s igaming market.
France’s online gaming market revenue grew 18.1% year-on-year to €1.42bn in 2019, thanks in part to a 27.3% increase in the contirbution from sports betting, according to online gambling regulator L’Autorité nationale de régulation des jeux en ligne (ARJEL).
Loto Quebec’s revenue fell 11.1% to $685.6m as a lack of larger jackpots slashed lottery revenue, while revenue from other verticals also declined in the quarter ended 31 December, the third of the operator’s fiscal year.
Toronto-listed supplier Bragg Gaming Group expects full-year revenue to come in at the high end of market expectations, allowing it to post positive earnings before interest, tax, deprecation and amortisation (EBITDA) for the first time.
Stockholm-listed casino game developer NetEnt’s revenue increased slightly year-on-year to SEK1.79bn in 2019 as the company’s acquisiton of Red Tiger Games helped offset "weakness" in Sweden and Norway, but the supplier's profit declined.
Members of the German operator body the Deutscher Sportwettenverband (DSWV) have recommended the federal states remove the need for sports betting licensees to shut down their online casino offerings until the new State Treaty comes into effect.
Playtech has entered into a new digital sports betting partnership with Greek operator OPAP, while the gambling technology giant has also signed an extension to its long-term agreement with online gaming operator Mansion.
Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see the operator acquire a 36% stake in the digital sports media company.
Schleswig-Holstein claims that Germany’s 16 federal states have made a breakthrough in negotiations over a new State Treaty on Gambling, describing the agreed model as a “really good result” for all jurisdictions.
Gaming solutions provider Inspired Entertainment has secured a deal to launch its virtual sports titles with bet365 in New Jersey, and also agreed to provide a selection of its online casino games to 888.