Daily news

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    SBTech is close to completing the process of bringing its clients’ websites back online after a cyberattack saw more than 50 sportsbooks powered by the technology provider go offline over the weekend.

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    Online sports betting operator 1xBet has set out plans to further enhance its presence in the Latin American market after it secured a full licence from the Dirección General de Juegos y Sorteos (DGJS) of the Mexico's Ministry of the Interior.

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    Bulgaria’s State Gambling Commission (SCC) has suspended the licence of Eurobet, the country’s oldest sports betting operator, for three months over unpaid betting taxes.

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    Gambling software supplier GAN has reiterated its confidence in its 2020 forecast, which projected revenue of $37m-$39m, even as the novel coronavirus (Covid-19) affects its sports betting vertical.

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    888 Holdings has reported a rise in customer activity across its casino and poker services, but the online gambling operator warned its sports betting business is likely to suffer as a result of cancelled events worldwide.

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    Sportech has said that impairment costs related to a sports bar asset in Stamford, Connecticut, in the US meant losses widened in 2019, but the betting technology provider was able to report a year-on-year increase in total revenue.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a marginal rise in market revenue for February, despite a 79.4% month-on-month decline in the sports betting vertical.

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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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    Bosnia-based igaming solutions provider NSoft has announced that it will offer its portfolio of virtual and draw-based games free of charge to help operators mitigate the impact of novel coronavirus (Covid-19) on their businesses.

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    Norway’s gaming authority will allow bingo halls to operate in an online-only capacity, suspending regulations that require a physical draw to take place, as part of measures to mitigate the impact of the novel coronavirus (Covid-19) on the sector.

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    Ladbrokes Coral and bwin.party operator GVC Holdings has estimated that the suspension of all horse racing in the UK until the end of April will lead to an earnings decline of £20m-£25m, on top of yesterday’s (16 March) reduced earnings guidance.

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    Civil rights activist reverend Al Sharpton has urged Colorado lawmakers and the state’s Gaming Commission to block mobile sports betting in the state.

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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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    Betfred has acquired part of the customer database of insolvent MoPlay operator Addison Global and will return customer stakes on open bets, according to an email sent to customers.

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    Bulgarian operator National Lottery AD has handed back its operating licence to Bulgarian State Commission on Gambling, prompting Kambi to temporarily suspend sports betting service contract with the operator.

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    A meeting of Germany’s heads of state in Berlin saw lawmakers approve gambling regulations to legalise online poker and casino from 1 July, 2021, as well as deciding on the location of the country’s new regulatory authority.

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    The New Jersey Division of Gaming Enforcement (NJDGE) has reported a year-on-year increase in revenue across all market sectors in February, despite the sports betting sector reporting a significant month-on-month decline.

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    DraftKings' revenue increased year-on-year for 2019 and but losses widened, as its merger with SBTech approaches, but the operator remains confident of seeing earnings exceed $1bn in the long-term.

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    Sports data provider Sportradar and Formula 1 have launched in-race betting for the 2020 season.

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    The UK’s advertising standards authority (ASA) has upheld a complaint against matched betting service Profit Accumulator for suggesting that matched betting could be a solution to financial problems.

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