Daily news

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    The German state of Hesse is gearing up to begin the process to award the country’s sports betting licences, with analysts warning that operators could see up to 70% of revenue disappear as a result of the restrictive operating model.

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    LeoVegas Gaming Group saw revenue grow in the first half of 2019, but challenging operating conditions in the UK eroded company profits over the period.

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    Lower Austria, the country’s largest state, has submitted sports betting legislation to regulate online and retail betting to the European Commission.

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    LeoVegas Gaming Group's UK subsidiary Rocket X has joined forces with problem gambling treatment solutions provider Gambling Therapy to launch LeoLine, a new live chat service that offers immediate help for customers looking to address gambling issues.

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    Inspired Entertainment saw revenue fall $10.2m (£8.4m/€9.1m) in the second quarter of its financial year, with the decline blamed on the UK government’s decision to reduce maximum B2 machine stakes to £2. The supplier posted a net loss of $10.7m for the period.

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    Scout Gaming Group has launched player odds sportsbook, a new product that combines elements of daily fantasy sports contests with fixed odds betting elements, alongside a new promotional tool, Betflex.

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    Clarion Gaming, the parent company of iGaming Business, has partnered SiGMA Group for a new Asian gaming event under the ICE banner. The event will take place from 7 to 9 June next year, at the SMX Manila in the Philippines. 

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    Digital marketing services provider XLMedia has agreed a deal to sell its Webpals Mobile subsidiary to PLYmedia Israel as part of a strategy to switch focus to its higher-margin publishing activities.

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    Playtech is to deploy a new native-first product line to support operator partners in preparation for the introduction of new guidelines for Apple’s App Store next month.

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    Betting exchange operator Smarkets has today announced the launch of its new sportsbook app, SBK. The app will launch tomorrow (9 August) in the UK and will be introduced in the US in the near future.

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    The Washington Redskins NFL American football franchise has linked up with a local NBC Sports affiliate to launch an interactive, predictive gaming live television presentation of its four pre-season games.

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    Flutter Entertainment has reported an 18% year-on-year increase in group revenue during the first half of 2019, but also saw profit before tax slip 24%.

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    International Game Technology (IGT) has reported a marginal year-on-year decline in revenue for the six months to 30 June, 2019, which resulted in a drop in service revenue over the reporting period.

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    The Brazilian Ministry of the Economy has launched a month-long public consultation on sports betting regulation as it works to develop a legal framework for the vertical. Interested parties have until 31 August to submit comments.

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    Betdaq has rolled out a new fixed-odds sportsbook to support its exchange and online casino offering. Features include a shared Betdaq wallet, full and partial cash out, live streaming and in-play betting.

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    The New Zealand government has launched a public consultation to gauge public support for regulating new forms of online gambling. Members of the public and industry stakeholders are invited to submit comment on four potential regulatory models, as well as harm prevention measures, by September 30.

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    The GB Gambling Commission has handed Ladbrokes Coral a penalty package of £5.9m (€6.4m/$7.2m) for systematic failings related to social responsibility and anti-money laundering measures, while investigations into the actions of personal management licence-holders continue.

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    Operators looking to secure a sports betting licence for the federal German market must commit to cease offering all illegal forms of gambling, such as online casino, according to a new directive from the body responsible for processing applications.

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    Sports betting solutions provider FSB Technology has secured a £23m growth capital investment from Canadian venture capital fund Clairvest Group, with the money to be used to pursue growth opportunities in regulated markets.

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    France’s online gaming market has reported a 20.1% year-on-year increase in revenue for the first half of 2019, after the sports betting vertical grew strongly over the period.

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