Daily news

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    Nevada’s sports betting handle reached a new high watermark of $614.1m as the state’s casinos took in a total of $937.5m in revenue.

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    Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.

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    Latvia’s parliament has approved proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.

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    OPAP-controlled online gaming operator Stoiximan Group has agreed a deal to launch a range of live casino content from Evolution Gaming.

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    Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in July. 

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    Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019.

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    Nevada’s licensed sportsbooks generated total handle of $596.8m in March, setting a new record for amounts wagered in a month where basketball dominated the market.

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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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    Online gaming will go live in Pennsylvania from July 15, while the state’s first online sports betting offering set to launch within three weeks, the state’s Gaming Control Board (PGCB) has revealed.

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    Las Vegas-based casino giant Wynn Resorts has abruptly terminated discussions with Crown Resorts less than a day after announcing that it was looking to acquire the Australian gaming operator.

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    The US Department of Justice (DoJ) has filed a motion to dismiss the complaints filed against its revised stance on the Wire Act on behalf of the New Hampshire Lottery Corporation and NeoPollard Interactive.

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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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    Social casino studio KamaGames has reported a 33% increase in revenue for 2018, with the Pokerist operator crediting its focus on personalised promotional campaigns and efforts to improve player retention as key drivers of growth.

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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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 Delaware Lottery’s igaming offering enjoyed a strong start to 2019, with revenue up 57.9% year-on-year, driven largely by the performance of Dover Downs.

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    Martin Carlesund, the chief executive of live dealer software supplier Evolution Gaming, has hailed “yet another amazing year” in the company’s history after revenue for 2018 grew 38%.

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    The US Department of Justice has revised its 2011 ruling on the Wire Act to state that the law’s prohibition applies to all forms of gambling, in what may prove a major victory for opponents of online gambling.

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    West Virginia may follow up last year’s legalisation of sports betting with the regulation of online poker and casino, should a new bill filed by Representatives Shawn Fluharty and Joe Canestraro pass into law.

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    Total market revenue passes $1bn for fifth time in 2018, though sports betting revenue drops to $28.7m

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