Daily news

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    France’s Agence des participations de l’État (APE) has confirmed that the initial public offering of share in lottery and gaming giant La Française des Jeux (FDJ) has raised €1.89bn for state coffers.

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    A new study into the potential risks and rewards that would arise from Norway’s current gambling monopoly being replaced by a regime allowing offshore operators into the market has concluded that such a move could see problem gambling rise. This could also result in funds generated by Norsk Tipping for Norwegian society fall by as much as NOK1.3bn.

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    State-owned gaming operator Svenska Spel’s lottery and gaming machine division has generated turnover of SEK906m (£74.6m/€86.9m/$97.6m) in the first two months of activity in Sweden’s newly regulated online gaming market.

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    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.

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    People in New Zealand spent more than NZ$2 billion (€1.2 billion/$1.7 billion) on the four main types of gambling during the 2012-13 financial year, an increase of NZ$7 million on the previous year.