Daily news

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    Sky Sports-owned At The Races (ATR) has entered into a multi-year turnover-based streaming and data deal with Betfred, covering a wide range of horseracing content from the UK.

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    Playtech has said that it is evaluating all options for its TradeTech Group after it revealed that struggles within the financials division during the 17 weeks to 31 October meant the business is set to miss its full-year earnings projections.

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    William Hill has put a year-on-year increase in revenue during the 17 weeks to October 29 to its ongoing expansion efforts in the US, with its activity in the country helping to offset further declines in its retail business following the changes in UK FOBT regulations.

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    The Indiana Gaming Commission has revealed that players in the state staked $91.7m on sports in October, a month-on-month increase of 160.4%.

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    Denmark’s regulated gambling market has reported a marginal year-on-year decline in revenue, with declines in revenue from land-based gaming machines and sports betting offsetting growth in online casino.

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    La Française des Jeux (FDJ) has reported a 7% year-on-year increase in revenue for the first nine months of 2019, with the French gaming operator experiencing a rise in stakes across all of its business units.

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    Flutter Entertainment, the parent company of Paddy Power Betfair, has agreed a deal to acquire all of the shares in The Stars Group and merge with the operator to form a combined business with annual revenue of £3.8bn (€4.3bn/$4.7bn).

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    Strong growth in revenue from OPAP's video lottery terminal division has helped the Greek lottery and gaming operator report a year-on-year increase in revenue for the first half of the year, as well as offsetting a decline in sports betting revenue.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

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    William Hill has cited a reduction in the maximum stake on fixed-odds betting terminals in the UK and costs associated with its expansion efforts in the US as the primary reasons behind a year-on-year dip in adjusted operating profit for the first half.

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    Flutter Entertainment has reported an 18% year-on-year increase in group revenue during the first half of 2019, but also saw profit before tax slip 24%.

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    France’s online gaming market has reported a 20.1% year-on-year increase in revenue for the first half of 2019, after the sports betting vertical grew strongly over the period.

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    French gaming operator La Française des Jeux (FDJ) has reported a 5.5% year-on-year increase in revenue for the first half of the year, with chief executive Stéphane Pallez crediting the FDJ 2020 digital transformation strategy as driving growth.

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    Australian operator Tabcorp has rejected claims by Racing Queensland that its UBET subsidiary was not entitled to withhold AU$11m (£6.2m/€6.9m/US$7.7m) in response to a new point of consumption tax in the state.

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    Sports betting solutions provider Kambi has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market.

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    GVC Holdings has cited growth within its online gambling business as the main reason behind a 5% year-on-year increase in net gaming revenue during the six months to June 30, 2019, despite a decline in revenue within the operator’s UK retail arm.

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