Daily news

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    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.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting. 

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    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.

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    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).

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    MGM Resorts International has a clear path to securing an integrated resorts licence in Japan, after the government of Osaka Prefecture announced that it was the only business to submit a bid.

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    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.

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    Scientific Games has signed a four-year extension to its deal with William Hill to continue to provide the bookmaker with its sports betting and igaming solutions in the UK and Europe.

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    Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model away from property holdings.

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    Svenska Spel's revenue declined and new taxes slashed profits in what chief executive Patrik Hofbauer called “the most tumultuous year in the history of the group and the [Swedish] gaming industry.”

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    The European Casino Association (ECA) has announced a series of changes to its board, as well as naming the Czech Casino Association as its latest member.

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    Unibet operator Kindred Group has revealed a year-on-year decline in profit for 2019, primarily due to higher costs associated with its expansion efforts in the US.

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    Live dealer software provider Evolution Gaming has posted a year-on-year rise in revenue and profit for 2019, as it was boosted by increased commission income from both new and existing customers

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    Twin River Worldwide Holdings saw revenue rise 19.8% to an estimated $523.6m, but net income declined 23.7% to $51.4m after increased financial costs, according to the operator’s preliminary year-end figures.

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    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.

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    William Hill-owned MRG has ordered its UK affiliates to cease promotions for its Mr Green UK casino and live casino products with immediate effect.

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    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.

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    Churchill Downs Incorporated (CDI) has announced the launch of a BetAmerica-branded online casino platform in the state of Pennsylvania.

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    International Game Technology (IGT) has announced a new joint venture with Twin River Worldwide Holdings, with the aim of working together in Rhode Island to improve and expand gambling services in the state.

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    The Rush Street Interactive (RSI) arm of Rush Street Gaming has announced the launch of a new online casino platform in Pennsylvania to support its BetRivers-branded sportsbook.

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    Clarion Gaming has teamed up with the Mississippi Gaming and Hospitality Association (MGHA) to merge its Southern Gaming Summit (SGS) with May’s ICE North America event.

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