Daily news

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    Swedish gambling operator Svenska Spel has donated more than SEK50m (£4.0m/€4.7m/$5.1m) to grassroots sports in the country for the seventh consecutive year as part of its Gräsroten initiative.

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    Sri Lanka has become the first South Asian country to criminalise match fixing, with a bill setting out severe penalties including fines of up to LKR100m (£431,836/€502,536/$554,078) and ten-year prison terms.

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    Sports wagering revenue in Iowa increased to $5.7m (£4.4m/€5.2m) in October, the second full month of regulated betting in the state, with growth across both the retail and online sectors.

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    Australian lotteries and betting operator Tabcorp has revealed that Mandy Ross is to step down as its chief information officer in order to take up the role of chief digital officer with Griffith University in Brisbane.

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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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    Online sports betting operator PointsBet has set out plans to launch in Colorado next year after the state last week legalised sports wagering.

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    Scientific Games has reported a 4% year-on-year increase in net revenue for the third quarter after growth across all of its business segments, which saw the supplier return to profitability for the period.

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    LeoVegas Gaming Group has reported a year-on-year increase in both revenue and operating profit for the third quarter after experiencing growth across most of its core markets.

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    Flutter Entertainment saw revenue increase 10% to £533m (€618.4m/$685.7m) for the third quarter of 2019, as FanDuel and Sportsbet’s successes in the US and Australia respectively offset a retail decline driven by fixed odds betting terminal (FOBT) regulation.

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    The Swedish Gaming Authority (Spelinspektionen) has reported a quarter-on-quarter increase in online gaming revenue for the three months to the end of September, but saw a decline in overall market revenue for the period.

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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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    Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has revealed that 127 people have so far accessed new, state-funded psychologist support for consumers affected by gambling-related problems.

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    Online betting and gaming platform provider GAN has reported a 222% year-on-year increase in gross operator revenue for the four months to October 31, 2019, primarily due to higher than expected demand for internet gambling in both New Jersey and Pennsylvania.

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    Democratic Party candidate Andy Beshear — who pledged to legalize commercial casinos, sports betting and online gaming if elected — has won Kentucky’s gubernatorial election.

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    Various major operators have declared their support for a new, UK-facing safer gambling initiative aimed at addressing the harm gambling can cause to consumers and young people.

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    Sports wagering revenue in West Virginia climbed in October as operators in the state were boosted by an increased usage of mobile betting platforms.

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    Betclic Everest Group’s bet-at-home subsidiary has put a year-on-year increase in both revenue and earnings during the first three quarters of the year down to focused marketing efforts in core European markets.

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    Sweden-based, Baltic-facing operator Enlabs posted record revenue for the third consecutive quarter, breaking the €10m(£8.6m/$11.1m) barrier for the first time.

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    Ukraine’s parliament has released the full text of the bill to legalise gambling in the country, which includes provisions for online betting and igaming.

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    The Invest in Greece package of economic reforms, which includes an overhaul of the country's gambling regulations, passed into law yesterday (30 October) after receiving approval from president Prokopis Pavlopoulos.

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