Daily news

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    Spain’s regulated online gaming market has reported a 5.4% year-on-year increase in gross gaming revenue for the third quarter of 2019, with the growth of online casino again supported by the recovery of the sports betting vertical.

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    The body responsible for processing German online sports betting licence applications has once again stressed that operators must shut down any online casino or poker products if they are to operate legally in the market.

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    The latest figures from French gambling regulator L’Autorité de régulation des jeux en ligne (ARJEL) have shown the growth of horse race betting and poker has continued into the third quarter, with total revenue up 27.7% year-on-year.

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    The Stars Group has posted a net loss of $51.7m (£40.2m/€46.7m) for the third quarter of 2019, despite its operations in the UK and Australia pushing revenue up 8.8% during the period.

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    PokerStars has become the first online poker brand to go live in Pennsylvania after it launched in the state in partnership with Fox Bet, the joint venture between its parent company The Stars Group and broadcaster Fox Sports.

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    The GB Gambling Commission has called for ongoing industry cooperation to continue to tackle underage gambling after a new report from the regulator highlighted a decline in the number of 11 to 16-year-olds taking part in gambling activities.

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    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has fined The Stars Group €400,000 (£353,442/$439,500) for operating without a licence in the country, via the PokerStars.eu domain.

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    Isle of Man-based iGaming software supplier Microgaming has confirmed that it will close its Microgaming Poker Network (MPN) in 2020 following 16 years of service.

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    OPAP-controlled online gaming operator Stoiximan Group has agreed a deal to launch a range of live casino content from Evolution Gaming.

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    888 Holdings has put a significant year-on-year decline in profit before tax in the first half down to higher spending, although the online gambling operator was able to post an increase in revenue for the period.

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    The Malta Gaming Authority (MGA) has cancelled RMI Limited’s B2C gaming service licence in the country after ruling that the operator breached rules regarding regulatory payments and data provisions.

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    The state of Nordrhein-Westfalen claims criticism of the third amended State Treaty on Gambling by the European Commission will not lead to any major changes to the wording of the legislation.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    The Department of Justice (DoJ) has finally confirmed its intention to appeal the New Hampshire court ruling that set aside its revised opinion on the 1961 Wire Act.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    The Stars Group has appointed experienced video and social gaming industry executive John Schappert to its board of directors, while reshuffling the management team of its international division. 

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    Gambling revenue in the regulated Latvian market climbed 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in the first half of 2019, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) citing growth across all verticals.

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    Portugal’s regulated online gambling market has broken its revenue record for the second consecutive quarter, with licenced operators generating a collective total of €48.3m (£44.0m/$53.3m) in the three months to June 30.

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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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