Daily news

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    Sweden-facing operator Svenska Spel has announced that it will make a further SEK5m (£412,970/€444,748/$481,213) in grants available this year to research projects focused on gambling addiction.

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    The GB Gambling Commission has published new guidance for its licensees in response to growing concerns about the impact of novel coronavirus (Covid-19) on the British gambling market.

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    Thoroughbred, harness and greyhound racing in New Zealand will continue in spite of the novel coronavirus (Covid-19) pandemic, but with all events closed to all but essential personnel.

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    The Irish Bookmaker’s Association (IBA) has announced that the majority of its members have agreed to halt trading until at least 29 March to help reduce the spread of novel coronavirus (Covid-19).

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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    The British Horseracing Association (BHA) has announced that scheduled racing events will continue to take place, albeit without spectators and with restrictions on the number of attendees, as a result of the novel coronavirus (Covid-19) pandemic.

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    William Hill has announced that it expects a material impact on revenue and earnings from the novel coronavirus (Covid-19) pandemic, and has therefore suspended its 2019 dividend to retain financial resources within the business.

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    GVC Holdings has revealed that its earnings before interest, tax, deprecation and amortisation (EBITDA) for the current year could be reduced by up to £150m (€166.1m/$184.6m) if certain sports events are to be suspended as a result of the novel coronavirus (Covid-19) pandemic.

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    The Gauselmann Group has announced that it is to consolidate the management of all global sales activities from its Merkur Gaming headquarters in Lübbecke, Germany.

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    The outbreak of novel coronavirus (Covid-19) continues to cause disruption to gambling markets around the world, while a host of sporting events have also been suspended in an effort to slow the spread of the disease.

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    Betting technology provider Newgioco has warned that a nationwide lockdown in Italy, implemented by the government in an effort to slow the spread of Covid-19, could have a negative impact on sports betting handle and revenues.

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    FanDuel will open a sportsbook at Detroit’s MotorCity casino tomorrow (12 March), after the venue was approved to offer wagering earlier this week. 

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    Inspired Entertainment has announced an increased net loss for 2019, as increased revenue from its server-based gaming and hardware divisions was offset by rising operating costs.

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    Indiana’s regulated sports betting market reported a 9.6% month-on-month rise in handle in February, breaking the record set in January thanks largely to continued online growth.

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    The Italian government’s decision to effectively put the country into lockdown in a bid to stop the spread of novel coronavirus (Covid-19) has the potential to have a major impact on Italy’s retail gambling sector, industry observers have noted.

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    Playtech has closed all of its Snaitech retail shops across Italy after the country’s government announced a nationwide lockdown in an effort to stop the spread of novel coronavirus (Covid-19).

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    The Betting and Gaming Council has called on UK Chancellor of the Exchequer Rishi Sunak to take action against unlicensed gambling sites and to increase the threshold for the small business rate relief.

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    Done Brothers (Cash Betting) Ltd, owner of the Betfred business, has acquired a 3% stake in William Hill for an undisclosed sum.

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    New York’s four commercial casinos have reported losses of $179,593 from sports betting in February, with del Lago the only venue to actually generate revenue during the month.

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    Regulated sports betting is set to begin in Michigan this week, with Detroit's three commercial casinos expected to be authorised to launch retail wagering by the Michigan Gaming Control Board. 

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