Daily news

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    Sports betting solutions provider Kambi Group has reported a year-on-year rise in revenue for the third quarter, but saw its operating profit decline as a result of higher spending related to its US expansion efforts.

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    Online casino games provider Red Rake Gaming has sealed its first social casino supply deal in the US, agreeing to provide free-to-play content to the Wind Creek Hospitality (WCH) authority of the Poarch Band of Creek Indians.

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    Canadian media business theScore saw its net loss increase 59.3% year-on-year in the 12 months to August 31, 2019, after the launch of its new sportsbook product in New Jersey led to higher spending.

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    Greentube, the interactive division of Novomatic, has struck its first supply deal in Denmark and also enhanced its presence in the newly-regulated Swiss market.

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    Svenska Spel’s third quarter gross gaming revenue declined to SEK4.6bn  as the effects of competition and regulation in the re-regulated Swedish market hit the company's balance sheets.

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    New York-based private equity firm Apollo Global Management has agreed to acquire 48.67% of the issued share capital in Gamenet from the two largest shareholders in the Italian gaming operator.

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    South African sports betting operator Hollywoodbets will be a new associate sponsor for KwaZulu-Natal-based rugby union team The Sharks, as part of a three-year deal.

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    NetEnt has reported a marginal decline in revenue for the third quarter of the year, after favourable exchange rates and the acquisition of Red Tiger Gaming partially offset struggles in the Norwegian, Swedish and UK markets.

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    Greek telecommunications giant OTE Group has denied local media reports that it is considering an acquisition bid for Intralot, though it has confirmed plans to partner the lottery and gaming solutions giant to apply for an online betting licence in the market.

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    Live dealer software supplier Evolution Gaming said its investment in new products and the expansion of its studios has led to a year-on-year increase in revenue and profit during the third quarter of 2019.

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    Online gambling operator BetWarrior has rolled out a new mobile sports betting product as part of its ongoing expansion strategy, following the launch of its brand earlier this year.

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    Online betting and gaming platform provider GAN has extended its partnership with FanDuel into Indiana, after the company received a temporary supplier license.

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    Swedish operator Svenska Spel has rolled out a new online gaming platform that will enable retailers to offer certain sports betting games and services over the internet.

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    As the Minister-Presidents of Germany's 16 federal states prepare to meet to discuss the future of gambling regulations, the German Sports Betting Association (DSWV) has urged a root-and-branch overhaul of the current framework.

     

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    Finnish gaming monopoly Veikkaus has denied local media reports suggesting that players are spending as much as €11.0bn (£9.51bn/$12.22bn) across is gaming machine estate, arguing the reported figures do not offer a true representation of its actual sales.

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    The GB Gambling Commission has called for ongoing industry cooperation to continue to tackle underage gambling after a new report from the regulator highlighted a decline in the number of 11 to 16-year-olds taking part in gambling activities.

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    A lawmaker in the Philippines has proposed a new 5% tax on revenue generated by the country’s licensed online gaming operators, with the move securing the backing of the country’s finance secretary Carlos Dominguez III.

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    Sports data provider Sportradar has appointed former Interwetten chief executive Werner Becher as managing director of US betting.

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    The International Betting Integrity Association (IBIA) has reported a year-on-year decline in suspicious betting alerts during the third quarter, with tennis again generating the most alerts for the period.

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