Daily news

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    The Gambling Related Harm All Party Parliamentary Group (APPG) claims that it has secured a significant victory after Gambling Commission chief executive Neil McArthur confirmed that changes to online slot stakes were to be considered.

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    DraftKings has signed new partnership agreements with a trio of National Basketball Association (NBA) teams.

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    Toronto-listed supplier Bragg Gaming Group expects full-year revenue to come in at the high end of market expectations, allowing it to post positive earnings before interest, tax, deprecation and amortisation (EBITDA) for the first time.

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    Gambling revenue in Lithuania increased by 13.1% year-on-year to €112.6m (£93.9m/$122.2bn) in 2019, due in part to significant growth in the country’s online gaming market.

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    Dutch gambling regulator the Kansspelautoriteit (KSA) has cracked down on illegal gaming machine operations in the country, by issuing fines of €86,528 and €11,056 to the guilty parties.

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    Scientific Games has signed a four-year extension to its deal with William Hill to continue to provide the bookmaker with its sports betting and igaming solutions in the UK and Europe.

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    MGM Resorts International has announced that its chairman and chief executive officer Jim Murren is to step down, bringing to an end almost 12 years in charge of the operator. 

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    The New South Wales (NSW) Independent Liquor and Gaming Authority has convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the Australian state, issuing the two operators with a record fine of AUD$207,500, the highest ever levied in the state.

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    Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model away from property holdings.

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    Online gambling operator LeoVegas has reported a sharp year-on-year decline in profit for 2019 as a result of depreciation, amortisation and impairment charges, despite seeing consolidated revenue increase by 9%.

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    Stockholm-listed Betsson is to acquire Gaming Innovation Group’s (GiG) B2C assets, including the Rizk, Guts, Kaboo and Thrills brands, paying an initial €31m (£25.7m/$33.6m).

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    UK Prime Minister Boris Johnson’s cabinet reshuffle has seen Oliver Dowden MP appointed Secretary of State for Department of Digital, Culture, Media and Sport, replacing Nicky Morgan in the role.

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    Norwegian regulator Lotteritilsynet has rolled out a new responsible gambling campaign to highlight the risks of problem gambling and encourage players to only gamble with licensed operators.

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    The Michigan Gaming Control Board (MGCB) has revealed that it issued cease-and-desist orders to 14 businesses in 2019 as part of ongoing efforts to combat illegal gambling in the state.

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    Svenska Spel's revenue declined and new taxes slashed profits in what chief executive Patrik Hofbauer called “the most tumultuous year in the history of the group and the [Swedish] gaming industry.”

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    French gaming giant La Française des Jeux (FDJ) has projected 5% growth in both player stakes and revenue for 2020, after a “landmark” 2019 that saw the operator list on the Euronext Paris and net revenue rise to €1.96bn.

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    Lawmakers in Wyoming are to assess a new bill that aims to legalise online and mobile sports wagering in the US state.

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    The European Casino Association (ECA) has announced a series of changes to its board, as well as naming the Czech Casino Association as its latest member.

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    Betsson has reported year-on-year declines in full-year revenue and profit for 2019, after a year in which the company struggled with regulatory developments in key markets - Sweden especially - ended with a weaker-than-expected Q4.

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    PointsBet has entered into a multi-year partnership with the National Basketball Association (NBA), marking its first official deal with a professional sports league in North America.

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