Daily news

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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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    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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    Licensed sportsbook operators in Pennsylvania generated collective revenue of $19.4m (£15.1m/€17.4m) in the second full month of regulated sports wagering, while interactive gaming revenue in September amounted to $5.3m.

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    State-wide gambling revenue in Pennsylvania amounted to $3.29bn in the 2018-19 financial year as the introduction of legal sports betting and higher income from slots gaming boosted the state .

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    Nevada’s sportsbook handle for the month of August remained behind New Jersey for August, despite a 22.1% increase to $287.8m, while overall casino revenue slipped back below $1bn at $952.4m.

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    Greek lotteries and gaming solutions provider Intralot has put a 7.6% year-on-year drop in reported consolidated revenue primarily down to declines within its B2C division, specifically in the Argentina and Bulgaria markets.

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    Online gambling revenue in the regulated Lithuanian market increased to €17.5m (£15.9m/$19.3m) in the first six months of 2019, while revenue from land-based gaming was also up year-on-year.

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    Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in July. 

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    Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.

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    A syndicate of eight investment banking groups have been selected to work on the privatisation of French state-owned gaming operator La Française des Jeux (FDJ).

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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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    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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    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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    Gross gambling yield for the UK’s online gaming sector climbed 2.9% to £5.6bn in the 12 months to September 2018, despite the wider gambling market seeing a decline during the period.

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    William Hill has reported a 2% increase in revenue for the first 17 weeks of the year, despite suffering a like-for-like drop in revenue for its online arm and a decline in its retail business.

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    GambleAware has confirmed it will invest an additional £3.9m (€4.5m/$5.0m) to help fund the expansion of the National Gambling Treatment Service through GamCare and its network of partners across Great Britain.

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    Gambling revenue in Latvia increased 15.3% year-on-year in the first quarter, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) reporting growth across all key verticals.

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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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