SBTech may be formally confirmed as the Oregon State Lottery’s (OSL) sports betting partner later this month, though its selection as the preferred vendor has been protested by Scientific Games, a rival bidder for the contract.
Greek gaming operator OPAP has cited a higher contribution from video lottery terminals and an improved performance by its KINO lottery game as the main factors behind a 6.3% year-on-year increase in revenue for 2018.
Zeal Network has cited the acquisition of a record number of new customers as the main reason behind year-on-year financial growth in 2018, describing the year as a “milestone” 12 months for the lottery brokerage.
Online lottery betting provider Multilotto and Swedish convenience store chain Direkten have joined forces to launch a new in-shop gaming platform. The service will now be rolled out in 30 shops across the country.
The Swedish gambling market saw revenue grow 1.5% in 2018, driven by growth in regulated and offshore igaming. Total revenue increased to SEK23.4bn (£1.9bn/€2.2bn/$2.5bn), with a 2.3% year-on-year decline in regulated market revenue to SEK16.7bn.
Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.
New Hampshire has launched a legal challenge against the US Department of Justice's revised opinion on the Wire Act, arguing that the new stance is not faithful to the text, structure, purpose, or legislative history of the legislation.
Finnish gaming monopoly operator Veikkaus has pledged to develop its digital offering over the next three years to ensure it doesn’t see profits cannibalised by offshore competition, after announcing slight declines in turnover and profit for 2018.
Zeal Network has taken a step towards completing its acquisition of Lotto24 after the Lower Saxony Ministry of the Interior approved a request to launch lottery brokerage services via its Tipp24 domains.
Zeal Network has increased its profit guidance for the 2018 financial year, with the lottery brokerage now expecting to post between €37m and €39m in earnings before interest and tax following a strong performance in the final two months of 2018.