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 German association of private media businesses, Vaunet, has called on state lawmakers to remove advertising restrictions set to impact broadcasters in the new gambling regulatory framework currently under discussion.

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    Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.

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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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    The British Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet - the parent company of exchange betting operator Matchbook - following a two-year review of the business.

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    Denmark’s regulated gambling market reported declines in gross gaming revenue across a number of core verticals, though a strong performance from the online casino vertical allowed the market to post year-on-year growth for 2019.

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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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    William Hill has announced that Adrian Marsh will join the business as the company’s new chief financial officer later this year, replacing the outgoing Ruth Prior in the role.

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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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    MGM Resorts International has announced that its chairman and chief executive officer Jim Murren is to step down, bringing to an end almost 12 years in charge of the operator. 

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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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    Betsson has reported year-on-year declines in full-year revenue and profit for 2019, after a year in which the company struggled with regulatory developments in key markets - Sweden especially - ended with a weaker-than-expected Q4.

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    France’s new gambling regulator, L’autorité Nationale des Jeux (ANJ) will be “fully operational” in spring of this year, with Isabelle Falque-Pierrotin, currently state councillor for France’s National Commission for Data Protections, as its president.

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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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