Daily news

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    Scientific Games has reported a 4% year-on-year increase in net revenue for the third quarter after growth across all of its business segments, which saw the supplier return to profitability for the period.

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    Social betting startup Wager has launched its peer-to-peer betting platform for players in the UK market.

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    Scientific Games has reported a year-on-year increase in revenue for the first six months of 2019, while the supplier was also able to halve its net loss for the period.

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    Happy Friday igamers! This week Diary ponders the Gambling Commission's position on loot boxes, mulls Nicky Morgan's appointment to the DCMS, considers the latest developments in Sweden and reminds you to vote for the most influential women.

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    Social gaming operator KamaGames has cited the launch of new products, as well as its focus on personalised promotional campaigns, as the main reasons behind a year-on-year increase in revenue during the first half.

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    The Remote Gambling Association (RGA) and Association of British Bookmakers (ABB) are to be wound up and replaced by the Betting and Gaming Council, a new UK-facing operator body that aims to act as the industry’s mouthpiece. British Beer & Pub Association chief executive Brigid Simmonds will lead the new body.

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    The UK’s Advertising Standards Authority (ASA) has warned William Hill and Flutter Entertainment to refine how their advertising targeting strategies, after promotions for each operator appeared in an app seen as being of particular appeal to minors.

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    Scientific Games has cited growth across its lottery and social businesses as key drivers of a year-on-year increase in revenue during the first quarter, while the supplier was also able to slash its net loss for the period.

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    London-listed online bingo and casino operator JPJ Group has credited efforts to diversify its geographic footprint with helping the business report record revenue and earnings in 2018. Revenue for the year ended December 31, 2018 was up 10% year-on-year at £319.6m (€373.5m/$424.0m), the highest full-year figure since the business was formed in 2014.

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    Social pool betting operator i-pools has launched a new, free-to-play fantasy horseracing game with a jackpot prize of £1m (€1.2m/$1.3m), while Matt Steer has been named chief executive of the business, after it closed a new funding round.

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    Mobile games developer Gaming Realms has agreed to sell its B2C subsidiary Bear Group to River iGaming for a total consideration of £11.5m.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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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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    The founders of UX design studio Bettor Faster have launched GamblingStartup.Ventures, a new mentoring programme for those looking to launch a new business in the industry.

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    Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.

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    The parent company of New York-based multi-purpose venue Madison Square Garden could be set to move into the sports betting market after applying to trademark its MSG brand for sports wagering purposes across online, mobile and social media

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    Company also boosted by NYX purchase as revenue climbs 7% in Q3

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    Commercial launch of new software in the pipeline

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    PlayUp has moved to further bolster its presence in Australia by acquiring social wagering platform betting.club

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    BMM Testlabs has revealed plans to increase its presence across the wider Asian market

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