Daily news

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    Swedish state-owned gaming business Svenska Spel has seen profits hit by increased regulatory costs in the first half of the year, though the operator noted that customer growth and revenue had recovered during the second quarter.

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    Betsson has reported a 5% year-on-year decline in revenue for the second quarter of 2019, which it blamed on struggles in the Nordic region and the Netherlands. For the first half of the year, revenue was up 2% to SEK2.6bn, though increased expenses saw profit for the period decline too. 

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    Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.

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    The Rivers Casino & Resort in Schenectady has become the first licensed venue in New York to accept legal sports bets, six years to the month after land-based sports wagering was legalised in the state.

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    William Hill US has agreed to provide both land-based and mobile sports betting services to Eldorado Resorts’ Isle Casino Hotel Bettendorf and Isle Casino Hotel Waterloo in Iowa.

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    Clarion Gaming, parent company of iGaming Business, has been approved as an associate member of the Association of Gaming Equipment Manufacturers (AGEM).

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    Cherry AB subsidiary ComeOn has been awarded new licences permitting it to offer its sportsbook and casino products in the regulated Danish market.

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    A bill to include sports betting in the list of Class III tribal gaming products is headed to the North Carolina Governor Roy Cooper after it was approved by the state’s House of Representatives. 

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    Land-based casino win helped push revenue in the regulated New Jersey gambling market up month-on-month to $283.8m (£225.7m/€251.6m) in June, despite the state seeing declines in both sports betting and online gaming revenue.

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    Happy Friday igamers! This week Diary wonders why this industry's job losses are being celebrated, questions the Swedish approach, considers the collateral damage in Ireland and ponders the lack of unity in the industry.

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    The Global Lottery Monitoring System (GLMS), the platform through which state lottery operators track suspicious betting activity, has signed up as a silver member of US advocacy body, the National Council on Problem Gambling (NCPG).

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    The Stars Group has entered into an agreement with the Akwesasne Mohawk Casino Resort that will see the PokerStars operator enter New York’s sports betting market, as well as providing access to any future igaming market in the state.

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    Bookmaker Betfred is to expand its operations into the Spanish market after it secured a new licence from national gambling regulator Dirección General de Ordenación del Juego (DGOJ).

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    A new survey commissioned by Novomatic Group subsidiary Löwen Entertainment claims that more that 70% of the German public supports the roll-out of a uniform regulatory framework for all forms of gambling.

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    New research into gambling marketing and advertising has suggested that operators could be doing more to ensure promotional material is socially responsible and does not appeal to minors, especially on social media.

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    Latvia gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has announced details of a new initiative whereby consumers suffering with gambling-related problems can access state-funded psychologist support.

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    Enlabs launches Optibet-branded sportsbook in EstoniaEntertainment Laboratories (Enlabs) has launched an online sportsbook for its Optibet brand in the regulated Lithuanian market, as well as rolling out an Evolution Gaming-powered live casino offering in Estonia.

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    Svenska Spel’s Research Council has selected five new research projects to support, issuing grants totalling SEK5m to initiatives looking to find ways to better treat and understand gambling addiction.

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    A bill to regulate sports betting in Puerto Rico is headed to Governor Ricardo Rosselló Nevares to be signed into law after passing the unincorporated US territory’s legislature. 

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    Portugal’s regulated online gambling market achieved a new record quarterly revenue of €47.3m (£42.4m/$53.4m) during the first three months of the year, primarily due to year-on-year growth across sports betting and casino.

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