Daily news

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    Online random number generator (RNG) games will face a three-second spin limit and may not be advertised outside of an operator’s website, according to the country’s new secondary legislation as part of its Gambling Reform Act.

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    The Bulgarian National Revenue Agency (NRA) has officially taken over responsibility for the regulation of gambling, after lawmakers voted to abolish the country’s dedicated authority, the State Commission on Gambling (SCG).

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    Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.

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    Gambling is officially set to become legal in Ukraine after the country’s president, Volodymyr Zelensky, signed the country’s Gambling Act into law today (11 August), with Eastern Europe-facing operator Parimatch already announcing its intent to p

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    The British Gambling Commission has lifted the suspension of Matchbook operator Triplebet’s remote operating licence after the operator “implemented the remedial measures required”.

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    Newly promoted Premier League club Leeds United have announced SBOTOP as its new main shirt sponsor in a “record deal” for the club, replacing Kindred brand 32Red.

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    The Indiana Gaming Commission has reported the strongest month for the state’s sports betting market since February, with revenue and handle both soaring in July.

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    Italian operator and supplier Newgioco Group expects to see revenue for the second quarter of 2020 to fall by up to 52.7%, following the disruption caused to the business by the novel coronavirus (Covid-19) pandemic.

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    Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.

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    Malta-based sports betting supplier, Betby, has been granted its supplier licence by the Malta Gaming Authority (MGA), a key milestone for the company as it continues its expansion into new jurisdictions.

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    South African gaming and entertainment business Tsogo Sun has struck a deal move into the country’s sports betting market through the acquisition of a 50.1% stake in local land-based and online operator Betcoza.

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    Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£4.0m/$5.2m) as the novel coronavirus (Covid-19) pandemic led to online revenue overtaking that of the land-based sector.

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    PointsBet has entered into a multi-year partnership with Kroenke Sports & Entertainment (KSE), owner of the National Hockey League (NHL)’s Colorado Avalanche, the National Basketball Association (NBA)’s Denver Nuggets, the National Lacrosse League (NLL)’s Colorado Mammoth and the Colorado Rapids of Major League Soccer (MLS).

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    Flutter Entertainment-owned Paddy Power has issued an apology over the use of “derogatory and offensive” language in a social media video, following criticism from campaign groups.

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    Score Media and Gaming, owner of online operator theScore Bet, announced it has received authorisation from the Colorado Division of Gaming to offer its online sports betting service to customers in the state.

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    Online sports betting operator PointsBet has entered into a partnership with National Basketball Association franchise the Indiana Pacers, as well as confirming the locations for three new off-track betting facilities in Illinois.

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    Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.

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    Sports betting odds provider Sports IQ has struck a new partnership with Bet.Works, the sports betting technology supplier powering US-facing operators theScore Bet and Elite Sportsbook.

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    William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.

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    The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.

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