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.
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.
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.
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.
The Gaming and Lotteries (Amendment) Bill 2019, Ireland’s placeholder legislation for the country’s betting and gaming sector, has progressed to the committee stage in the Dáil Éireann. Meanwhile Minister for Finance Paschal Donohoe has confirmed that work on an alternative tax system for independent bookmakers to replace the 2% turnover tax is ongoing.
The Czech Republic’s Ministry of Finance has confirmed that it will increase the tax rate on certain gambling activities in the country from January 2020. Taxes will be split into three levels, according to how harmful the government perceives the activity to be.
Denmark’s regulated online gaming market has reported a 4.5% year-on-year increase in revenue for the first quarter of 2019, with growth in the online casino and sports betting verticals offsetting land-based declines.
Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.
The Jockey Club, the UK’s largest commercial horse racing organisation, has reported a 6.7% year-on-year increase in revenue to £214.6m (€248.6m/$277.0m) for 2018, but warned betting shop closures are likely to impact industry growth in 2019.
Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.