Daily news

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    PointsBet posted a 139.7% increase in net win revenue to AUD$18.7m (£9.7m/€11.2m/US$12.2m) in the third quarter of its fiscal year on the back of Australian and US growth, but costs continued to outpace revenue as the operator fell to a $15.5m loss for the year.

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    Norway’s government has ruled that national tote Norsk Rikstoto should retain its status as the horseracing betting monopoly in the country after its current concession expires in 2021.

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    La Liga, Spain’s top flight of football, has appointed spread betting operator PointsBet USA as the Official Betting Partner of La Liga North America in an "exclusive multi-year agreement".

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    PointsBet has raised more than AUD$85m (€52.7m/$58.8m) from its share issue as it seeks expansion in the US market.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.