Daily news

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    PointsBet has revealed that a shortfall bookbuild has helped it reach its target of raising AUD$153.2m (£84.6m/€92.5m/US$107.6m) through a retail entitlement process.

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    US casino operator Penn National Gaming (PNG) has announced details of a new underwritten public offering, through which it could generate up to $982.1m in funds.

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    PointsBet has raised AUD $76.0m(£42.0m/€45.9m/$53.4m) in the retail component of its renounceable entitlement offer. 

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    UK Chancellor of the Exchequer Rishi Sunak has set out details of a new novel coronavirus (Covid-19) job support initiative to replace the government’s existing furlough scheme, potentially providing a lifeline to land-based operators affected by the incoming 10pm curfew.

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    British casino operators have called on Chancellor of the Exchequer Rishi Sunak to provide financial support to help protect thousands of jobs they say are at risk across the industry due to new novel coronavirus (Covid-19) measures.

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    The Colorado Department of Revenue has reported a 20.8% month-on-month decline in sports betting revenue in the state during August, despite its handle more than doubling to $128.6m.

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    Åland Islands-based operator Paf has said its decision to lower its player annual loss limit to €20,000 (£18,370/$23,376) could lead to a €3m decline in revenue.

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    Bayes Holding, the company formerly known as Dojo Madness, has secured $6m in new funding from a number of high profile US investors, which will be used to further expand its data and content solutions.

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    Tabcorp has agreed to sell its 11/6% stake in online lottery business Jumbo Interactive for AUS$97.8m (£55.1m/€60.0m/$70.1m).

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    The British Horseracing Authority (BHA) has warned that the racing industry in Great Britain faces a “severe threat” after the return of spectators to events was delayed due to an increase in novel coronavirus (Covid-19) cases.

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    The UK’s Competition and Markets Authority (CMA) is to investigate Evolution Gaming’s proposed acquisition of NetEnt, over concerns that the merger could lead to a reduction in competition in the British igaming market.

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    Aspire Global has struck a deal to acquire sportsbook technology provider BtoBet for €20m (£18.3m/$23.6m), allowing the supplier to extend its business into the sports betting vertical.

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    Spread betting and contracts for difference (CFD) provider IG Group said high levels of trading activity among existing clients and new customer growth helped grow revenue 61.9% year-on-year in the first quarter of its fiscal year.

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    Online gambling revenue in the state of Delaware totalled $808,623 in August, up 263.4% year-on-year and also an improvement on July’s figures.

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    Gaming solutions giant Playtech has reported a 22.5% year-on-year decline in revenue for the first half of 2020, after a strong start to the period was halted by the impact of novel coronavirus on B2B and B2C operations.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 5.8% year-on-year increase in revenue in August, driven by igaming and sports betting growth.

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    Australian lotteries and gaming giant Tabcorp has raised approximately AU$230m from the sale of shares to retail investors, taking its total proceeds from an accelerated entitlement offer to $600m.

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    Loto Québec’s revenue for the year ended 31 March dipped by 3.1% to CAD$2.74bn (US$2.08bn) and profit declined to $1.35bn, but the operator said both figures remained above target despite the effects of the novel coronavirus (Covid-19) pandemic in

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    The Mississippi Gaming Commission has reported a 27.6% year-on-year rise in sports wagering revenue in August, as the US state’s handle more than doubled.

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    Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m.

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