Daily news

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    Sports wagering revenue in Delaware amounted to $904,450 in the month to 27 September, which despite marking a month-on-month improvement, remains far behind 2019 levels.

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    Nevada casino revenue declined 1.7% month-on-month and 21.9% year-on-year to $743.0m in August, as low margins and the novel coronavirus (Covid-19) combined to keep revenue low.

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    Casino operator Penn National Gaming (PNG) has raised $982.1m through a public offering of shares, with the proceeds to be used to fund its online betting and gaming expansion plans.

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    888 Holdings saw revenue grow 36.7% year-on-year in the first half of the year, thanks to strong growth across its gaming products and declines in sports betting’s contribution kept to a minimum.

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    The Rhode Island Lottery has reported an increase in sports betting revenue and player spending in August, primarily due to increased activity at the state’s two retail sportsbooks.

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    Tab NZ exceeded expectations and its predecessor’s performance in its first month of activity, achieving year-on-year growth in turnover, revenue and profit in August.

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    The reduction in maximum stakes for fixed odds betting terminals (FOBTs) had a "lower than expected" hit on Betfred's revenue in the year ending 29 September 2019, allowing the operator to make a £153.6m (€169.3m/$197.1m) profit despite a 14.6% revenue decline to £621.4m.

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    PointsBet has raised AUD $76.0m(£42.0m/€45.9m/$53.4m) in the retail component of its renounceable entitlement offer. 

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    The Colorado Department of Revenue has reported a 20.8% month-on-month decline in sports betting revenue in the state during August, despite its handle more than doubling to $128.6m.

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    Bayes Holding, the company formerly known as Dojo Madness, has secured $6m in new funding from a number of high profile US investors, which will be used to further expand its data and content solutions.

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    The British Horseracing Authority (BHA) has warned that the racing industry in Great Britain faces a “severe threat” after the return of spectators to events was delayed due to an increase in novel coronavirus (Covid-19) cases.

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    Aspire Global has struck a deal to acquire sportsbook technology provider BtoBet for €20m (£18.3m/$23.6m), allowing the supplier to extend its business into the sports betting vertical.

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    Gaming solutions giant Playtech has reported a 22.5% year-on-year decline in revenue for the first half of 2020, after a strong start to the period was halted by the impact of novel coronavirus on B2B and B2C operations.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 5.8% year-on-year increase in revenue in August, driven by igaming and sports betting growth.

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    Australian lotteries and gaming giant Tabcorp has raised approximately AU$230m from the sale of shares to retail investors, taking its total proceeds from an accelerated entitlement offer to $600m.

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    The Mississippi Gaming Commission has reported a 27.6% year-on-year rise in sports wagering revenue in August, as the US state’s handle more than doubled.

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    Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m.

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    Oregon’s SBTech-powered betting app scoreboard took in revenue of $1.7m, up 6.6%, in August, and set a new record for turnover at $25.8m, up 83.8%.

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    The New Jersey Division of Gaming Enforcement (NJDGE) has reported a month-on-month increase in revenue across all gambling segments for August, as the state continued its recovery from the novel coronavirus (Covid-19) shutdown.

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    Canadian betting and sports media business theScore has received final approval to list on the Toronto Stock Exchange as of tomorrow (15 September), graduating from the TSX Venture Exchange.

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