Daily news

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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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    European regulatory authority Gaming Regulators European Forum (GREF) has appointed Jorn Starck, executive director of the Alderney Gambling Control Commission, as its new chairman.

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    The Council of Europe’s (CoE) Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, is finally set to enter into force from September 1, though concerns remain over its definition of illegal sports betting.

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    International Game Technology (IGT) has reported a 2.2% year-on-year decline in revenue for 2018, though a reduction in operating costs and foreign exchange gains helped the supplier cut its full-year loss to $21m (£16.0m/€18.7m).

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    Gaming Laboratories International (GLI) has appointed Alexander Haberl as its regulatory development manager

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    Fortuna Entertainment has said the performance of its online businesses helped drive growth across key financials in the nine months to September 30

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    The Gaming Standards Association (GSA) has established a new Europe-facing division that will focus on suppliers, manufacturers, online, land-based operators and regulators across the continent.

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    Interwetten has highlighted growth across its sports betting and casino and games businesses as revenue increased year-on-year in the three months through to September 30.

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    Paysafe Group has linked up with prepaid payment technology firm Emerchants to launch a range of white-labelled pay-out card solutions for gaming operators in Europe.

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    Fortuna Entertainment has cited the impact of growth within its mobile and online betting businesses as the main drivers behind a year-on-year increase in revenue during the nine months through to the end of September.

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    Stars in their eyes

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.