Daily news

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    Denmark’s regulated gambling market has reported a marginal year-on-year decline in revenue, with declines in revenue from land-based gaming machines and sports betting offsetting growth in online casino.

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    Sportradar says it has become a fully integrated turnkey sports betting provider after acquiring Spanish sportsbook and igaming platform Optima for an undisclosed sum.

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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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    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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    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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    Illinois Governor J.B. Pritzker has signed into law the far-reaching gaming expansion bill passed by the state legislature early in June, paving the way for the roll-out of regulated sports betting. 

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    William Hill US is to enter the New Mexican gambling market through a new partnership with the Mescalero Apache Tribe, operator of the state’s Inn of the Mountain Gods Resort & Casino.

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    An amendment to a federal bill that determines funding granted to the Department of Justice seeks to block the money from being used to enforce its revised stance on the 1961 Wire Act. 

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    The Pennsylvania sports betting market has reported a second consecutive month of decline, with revenue falling to 32.2% to $2.9m in May.

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    Denmark’s regulated online gaming market has reported a 4.5% year-on-year increase in revenue for the first quarter of 2019, with growth in the online casino and sports betting verticals offsetting land-based declines.

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    Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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    The UK Gambling Commission has set out its business plan for 2019-20, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry.

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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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    The New Jersey Division of Gaming Enforcement (DGE) has reported a 25.6% year-on-year increase in gaming revenue in February, though the contributions from igaming and sports betting fell sequentially.

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    The strong performance of the sports betting and casino verticals helped Spanish online gaming revenue grow 25.5% year-on-year in 2018.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    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.

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    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.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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