Daily news

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    Finnish state-owned gambling operator Veikkaus has reported a year-on-year decline in both gross gaming revenue and profit for 2019, due in part to new social responsiblity measures implemented  restrictions it imposed to protect customers gambling online.

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    Sports betting provider Kambi has put year-on-year revenue and profit growth in 2019 primarily down to its expansion into several new markets within the US.

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    UK-based online gambling operator Tombola has posted a year-on-year decline in profit for 2019, despite experiencing an increase in group turnover during the year.

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    Yet another record-breaking quarterly performance saw Baltic-facing igaming operator Enlabs end 2019 on a high, with Q4 revenue rising 25.3% year-on-year to €11.2m.

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    Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.

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    Online gaming revenue generated by operators across the European Union (EU) in 2018 amounted to €22.2bn (£18.7bn/$24.6bn), with the market expected to grow to almost €30bn by 2022.

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    Struggles in the South American markets Argentina and Panama, as well as struggles in its native Spain, have seen Codere report a year-on-year increase in net loss for the third quarter of the year. 

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    White label and gaming content provider Nektan has announced plans to raise £3.0m in working capital, as well as restructuring existing loan agreements, warning the business requires new funding to continue as a going concern.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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    Czech gaming and lottery giant Sazka Group has put forward an offer of €2.06bn (£1.85bn/$2.31bn) to gain full control of Greek gaming operator OPAP.

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    GVC Holdings has fended off a shareholder revolt over executive pay, with a small majority of shareholders backing the company’s 2018 remuneration report.

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    Bragg Gaming Group, the Toronto-listed operator and supplier formed through the acquisitions of sports news portal GiveMeSport and igaming software developer Oryx Gaming, has reported revenue of CAD$10.4m in its first set of quarterly results.

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    International Game Technology (IGT) has reported a 5% year-on-year decline in group revenue for the first quarter of 2019, a result of lower revenue from gaming operations.

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    Playtech is searching for a new chairman to replace Alan Jackson, who will leave the business, the company announced today at its annual general meeting.

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    Codere has again cited the devaluation of the Argentine Peso as the main reason behind a year-on-year decline in revenue during the first quarter, despite seeing growth across its Mexican, Italian, Spanish and online operations.

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    Venture capital fund Vereeni Investments has acquired a “significant” stake in Flax Innovations. Vereeni has made an initial “six-figure investment” in return for an equity stake in the Swedish company.

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    French betting operator France Pari Group has cited the success of B2B arm Sportnco as the main driver behind a year-on-year increase in both revenue and earnings during the first quarter of 2019.

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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.

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