Daily news

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    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

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    Problem gambling funding body GambleAware has revealed that GVC Holdings topped its list of pledges for the six months to 30 September 2019, with the Ladbrokes Coral owner committing a total of £1.46m (€1.69m/$1.86m) during the period.

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    New Jersey’s sports betting market has enjoyed its strongest month since launch, with amounts wagered more than doubling year-on-year and revenue climbing to a record $37.9m in September.

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    Sports betting revenue in Delaware amounted to $2.2m in September, which is the highest monthly total so far this year but down 31.5% on the same month in 2018.

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    Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).

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    Affiliate marketing company Catena Media has made the final payment as part of its purchase of ASAP Italia.

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    Revenue in Delaware’s online gaming market climbed to a year-high of $384,830 in September, despite consumers spending less on a month-on-month basis.

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    Rank Group has reported an 8% year-on-year increase in gross gaming revenue for the three months to 30 September 2019, after it was boosted by growth in its digital arm and Grosvenor Casino land-based business.

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    Sweden’s Administrative Court has moved to reduce Casino Cosmopol’s penalty fee for breaching licence conditions related to money laundering and terrorist financing to SEK3m (£242,508/€276,959/$305,316), but the national gambling regulator could appeal against the ruling.

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    Genius Sports Group has posted a loss of £7.6m (€8.7m/$9.5m) for 2018, despite also reporting a 23.9% year-on-year rise in revenue for the 12-month period.

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    New York’s four licensed sports betting operators took in a combined $2.3m in sports betting revenue, up 175.3% month-on-month, as two casinos published their first full-month revenues for the vertical.

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    Sports wagering revenue amounted to $4.96m in the first full month of regulated activities in Iowa, with online betting the most popular form of gambling in the state.

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    Arena Racing Corporation (ARC) and its subsidiaries said increased prize money and labour costs were responsible for a halving of EBITDA in 2018.

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    Licensed operators in Indiana processed a collective $35.2m (£28.3m/€32.0m) in sports wagers during the first full month of regulated sports wagering in the state.

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    Atlantic Lottery reported a net profit of CAD$422.2m, up 0.7% year-on-year and ahead of the company’s target of CAD$419.4m for the fiscal year ending 31 March, 2019, thanks to a high level of rollover MaxMillions jackpots.

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    Norway’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) has revealed a 19% year-on-year decline in advertising spending by offshore operators over the past year, with plans in motion to stamp this out entirely.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has handed fines to LeoVegas and its Royal Panda brand for offering online games of chance in the Netherlands without a gaming licence.

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    Gambling operator Betsson AB has confirmed that it has sold its stake in Global Gaming. Betsson acquired the minor shareholding in June, but offloaded the stake a matter of weeks later.

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    Petfre (Gibraltar) Limited, the online gambling operator trading as Betfred, has agreed a £322,000 (€357,588/$393,887) settlement GB Gambling Commission after it failed to carry out appropriate checks on a customer who gambled £210,000 of stolen money through its site.

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    The Irish Government has confirmed in its 2020 Budget that bookmakers in the Republic of Ireland will receive a relief of up to €50,000 from the 2% turnover tax levied on betting in the country.

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