Daily news

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    Australian online sports betting operator PointsBet has raised AUS$75m (£40.9m/€45.9m/US$51.6m) after listing its shares on the Australian Securities Exchange (ASX). The operator said the move forms part of its growth plans, which include expansion in the US market.

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    Canadian provincial lottery operator Loto-Québec has reported a 3.1% year-on-year increase in revenue to CAD$2.83bn (£1.68bn/€1.89bn/US$2.12bn) for its 2018-19 financial year, with the contribution from its igaming offering growing to $105.4m.

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    The Kenyan Government has set out plans to introduce a new 10% tax on sports betting stakes as part of a wider effort to clamp down on problem gambling in the country.

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    Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online.

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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    The New Jersey Division of Gaming Enforcement has reported a 27.1% year-on-year rise in regulated gaming revenue in May, aided by land-based and online casino growth. 

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    The Central Bank of Ireland is to introduce a ban on the sale of binary options to retail investors and also restrict the sale of contracts for difference (CFD) products.

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    Land-based and online betting and gaming operator Betfred has posted a loss of £40.7m for its financial year ended September 30, 2018.

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    Inspired Entertainment has entered into a definitive agreement to purchase the Gaming Technology Group (GTG) arm of Novomatic UK. The supplier will pay $120m (£94.4m/€106.0m) to acquire the assets.

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    Revenue from regulated gambling in the Czech Republic fell 21.3% in 2018 to CZK31.3bn (£1.1bn/€1.2bn/$1.4bn), with the decline down to a lower contribution from slot machines.

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    Regulated sports betting revenue in West Virginia rocketed by 69% month-on-month in May to $937,065 (£736,725/€827,996), while amounts wagered rose 4%.

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    Switzerland’s cantonal lottery operators Loterie Romande and Swisslos have seen money raised for charitable projects across the country decline to CHF588m (£457.8m/€525.6m/$593.8m) in 2018.

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    Online gambling operator Esports Entertainment Group has applied to list its common shares on the NASDAQ Capital Market. Subject to relevant approvals, the operator will trade $11.5m worth of shares.

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    Greek gaming operator OPAP has reported a year-on-year increase in revenue and profit for the first quarter, primarily due to ongoing growth within its video lottery terminals and KINO lottery businesses.

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    Spread betting and contracts for difference (CFD) provider CMC Markets has cited the impact of new regulatory measures across Europe as the primary reason behind year-on-year declines across income and profit in 2018.

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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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    Gambling operator Cirsa has reported a net loss of €5.6m (£5.0m/$6.3m) in the first quarter of 2019, despite its Spanish operations and Latin American casinos helping drive revenue up.

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    Camelot UK Lotteries has revealed that the UK’s National Lottery generated a record £1.83bn (€2.06bn/$2.32bn) in digital sales in 2018-19, with overall tickets sales also rising to £7.21bn.

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    Online gaming operator 888 has cited the performance of both its sports betting and casino operations as the key drivers behind a 6% year-on-year increase in revenue during the first 15 weeks of the year.

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    Gaming platform and services provider Nektan has named Simon Hay, currently of GVC Holdings, as its new chief financial officer. Hay will begin his new role on June 17.

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