Daily news

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    UK Tote Group, the consortium of racecourse owners formerly known as Alizeti, has completed its acquisition of UK pool betting operator the Tote. UK Tote Group is now the sole owner of the Tote.

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    An increase to the price of English and Scottish football data in the wake of Genius Sports Group’s exclusive partnership with Football DataCo (FDC) is squeezing operators' already tight margins further.

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    Australian lotteries and betting operator Tabcorp has appointed David Gallop, currently chief executive of Football Federation Australia, as a non-executive directo of the business.

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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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    Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling.

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    A national investigation by the Spanish police found little evidence of underage gambling across the country’s licensed gambling premises. La Policía Nacional’s Operation Arcade, in which more 3,000 spot inspections of almost 1,900 gaming halls throughout Spain were carried out over a 48-hour period, uncovered only 28 cases of minors gambling.

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    La Française des Jeux (FDJ) has reported a 7% year-on-year increase in revenue for the first nine months of 2019, with the French gaming operator experiencing a rise in stakes across all of its business units.

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    Flutter Entertainment, the parent company of Paddy Power Betfair, has agreed a deal to acquire all of the shares in The Stars Group and merge with the operator to form a combined business with annual revenue of £3.8bn (€4.3bn/$4.7bn).

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    Norway’s state-owned totalisator betting business Norsk Rikstoto has proposed establishing a mandatory monthly spending limit for all customers, with the country’s gambling regulator speaking out in favour of the proposal.

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    Lawmakers representing Schleswig-Holstein’s ruling coalition have put forward a number of key regulatory objectives for the renegotiation of Germany’s federal gaming laws ahead of the annual meeting of state heads and chancellors.

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    The Brazilian Ministry of the Economy’s Secretariat of Evaluation, Planning, Energy and Lottery (SECAP) has published a draft of the decree governing fixed-odds sports betting for comment, the final opportunity for the betting industry to suggest changes.

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    Strong growth in revenue from OPAP's video lottery terminal division has helped the Greek lottery and gaming operator report a year-on-year increase in revenue for the first half of the year, as well as offsetting a decline in sports betting revenue.

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    Following the conclusion of a public consultation on the country’s sports betting regulations, the Brazilian government is to publish a draft bill for comment later this month.

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    A new report from Poland’s Supreme Audit Office (NIK) has revealed that while regulated the gambling industry has grown rapidly following amendments to the country’s Gambling Act in 2017, it is still dwarfed by the illegal market.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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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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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    GVC Holdings remains confident that the business will be able to withstand potential regulatory headwinds across a number of its key and emerging markets, and believes it will see little change to German operating conditions.

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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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    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

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