Daily news

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    The Stars Group has posted a net loss of $51.7m (£40.2m/€46.7m) for the third quarter of 2019, despite its operations in the UK and Australia pushing revenue up 8.8% during the period.

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    PokerStars has become the first online poker brand to go live in Pennsylvania after it launched in the state in partnership with Fox Bet, the joint venture between its parent company The Stars Group and broadcaster Fox Sports.

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    The GB Gambling Commission has called for ongoing industry cooperation to continue to tackle underage gambling after a new report from the regulator highlighted a decline in the number of 11 to 16-year-olds taking part in gambling activities.

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    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

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    Ukraine’s Cabinet of Ministers has approved the government’s new Action Program, which includes a draft law that would legalise gambling in the country.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has fined The Stars Group €400,000 (£353,442/$439,500) for operating without a licence in the country, via the PokerStars.eu domain.

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    Isle of Man-based iGaming software supplier Microgaming has confirmed that it will close its Microgaming Poker Network (MPN) in 2020 following 16 years of service.

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    The Stars Group has announced job losses at its Isle of Man office, citing operational difficulties its PokerStars brand is experiencing in some of its international markets.

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    OPAP-controlled online gaming operator Stoiximan Group has agreed a deal to launch a range of live casino content from Evolution Gaming.

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    888 Holdings has put a significant year-on-year decline in profit before tax in the first half down to higher spending, although the online gambling operator was able to post an increase in revenue for the period.

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    Allied Esports Entertainment, the group that includes World Poker Tour (WPT), saw a big increase in revenue and a narrowing of operational losses in the most recent quarter.

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    The Malta Gaming Authority (MGA) has cancelled RMI Limited’s B2C gaming service licence in the country after ruling that the operator breached rules regarding regulatory payments and data provisions.

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    The state of Nordrhein-Westfalen claims criticism of the third amended State Treaty on Gambling by the European Commission will not lead to any major changes to the wording of the legislation.

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    The Swiss canton of Glarus has launched a public consultation on a series of changes to its gambling laws, following the implementation of the Federal Act on Real-Money Gaming (Bundesgesetz über Geldspiele) in January 2019.

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    Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in July. 

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    The Department of Justice (DoJ) has finally confirmed its intention to appeal the New Hampshire court ruling that set aside its revised opinion on the 1961 Wire Act.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    The Stars Group has appointed experienced video and social gaming industry executive John Schappert to its board of directors, while reshuffling the management team of its international division. 

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    Gambling revenue in the regulated Latvian market climbed 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in the first half of 2019, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) citing growth across all verticals.

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