Daily news

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    The Horseracing Betting Levy Board (HBLB) has warned that the Levy for the UK industry in 2018-19 is set to fall short of expectations by some distance, with forecasts placing the sum paid to the industry down by £17m (€9.4m/$21.7m) from the previous year.

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    Mississippi has seen revenue from its legal sports market plummet in April, with basketball remaining the most popular sport for wagering.

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    Betting technology supplier Newgioco has cited costs related to ongoing expansion plans as the main reason for posting a net loss in the opening quarter of the year.

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    Finnish gaming monopoly Veikkuas has reported marginal year-on-year increases in both gaming revenue and profit for the first quarter, with growth driven by a strong performance from its lottery vertical.

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    Pennsylvania has reported a 23.5% decline in sports betting revenue for April, with a weaker month for Rush Street’s Rivers and SugarHouse venues allowing Parx Casino to take top spot in the market.

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    Delaware has revealed a month-on-month decline in sports betting revenue for April, while online gaming revenue also fell to a yearly low during the month.

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    Playtech is searching for a new chairman to replace Alan Jackson, who will leave the business, the company announced today at its annual general meeting.

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    The Stars Group (TSG) has put a 47.7% year-on-year increase in revenue during the first quarter primarily down to the continuing impact of acquired assets Sky Betting & Gaming and BetEasy.

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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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    New Jersey has reported a month-on-month decline in both sports betting and online gaming revenue for April, after the state was boosted in the previous month by the March Madness collegiate sports series.

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    France’s online gambling market experienced a year-on-year growth in the first quarter, primarily due to a 52% increase in revenue within the sports betting sector.

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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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    Venture capital fund Vereeni Investments has acquired a “significant” stake in Flax Innovations. Vereeni has made an initial “six-figure investment” in return for an equity stake in the Swedish company.

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    French betting operator France Pari Group has cited the success of B2B arm Sportnco as the main driver behind a year-on-year increase in both revenue and earnings during the first quarter of 2019.

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    Private equity group Blackstone has committed to a £175m (€202.7m/$227.5m) strategic minority investment in Romanian omni-channel sports betting and gaming operator Superbet.

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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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    New figures from the Swedish Tax Authority and gaming regulator Spelinspektionen suggest that net gaming revenue for Sweden’s land-based and online gaming market amounted to SEK6.0bn (£479.9m/€559.0m/$626.0m) in the first quarter of 2019.

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    Affiliate marketing giant Better Collective has seen revenue almost double in the first quarter of 2019, driven by record numbers of new depositing customers (NDC) in the period.

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    Scientific Games has cited growth across its lottery and social businesses as key drivers of a year-on-year increase in revenue during the first quarter, while the supplier was also able to slash its net loss for the period.

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