Daily news

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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.

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    Sports betting services provider Kambi Group has cited the launch of Sweden's newly-regulated igaming market and its ongoing expansion efforts in the US as among the main drivers of a 28% year-on-year increase in revenue during the first quarter of 2019.

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    Online gambling operator Bet365 has joined forces with EML Payments to develop a new prepaid credit card in New Jersey. The operator is yet to launch in the state but has a partnership in place do so with the the Hard Rock Atlantic City casino.

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    SciPlay, the social gaming subsidiary of Scientific Games, has set out details of an initial public offering (IPO) of its Class A common stock with the aim of raising up to $352m (£270.7m/€313.0m).

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    Gaming platform and services provider Nektan has raised £2.1m (€2.4m/$2.7m) before expenses through a share placement. Nektan offered 13,978,020 new ordinary shares at a price of 15 pence each.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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    Swedish gambling group Cherry has been granted permission to delist its series B shares from the Nasdaq Stockholm exchange, confirming that May 7 will be its final day of trading.

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    French gaming operator La Française des Jeux (FDJ) has set out plans to ramp up corporate social responsiblity (CSR) efforts as part of a wider effort to clamp down on issues such as underage gambling, fraud and money laundering.

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    Pennsylvania’s licensed fantasy sports operators have reported a slight improvement in revenue for March, following three consecutive months of decline, with revenue up $5,000 from February.

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    Gaming platform and services provider Nektan has sold a 57.5% stake in its Respin US subsidiary to Alternative Investment Partners Limited (AIP) for an initial cash consideration of £300,000 (€346,350/$391,680). The price is significantly below the original £2m consideration that the supplier had previously announced.

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    Pennsylvania’s regulated sports betting market has posted its strongest revenue and handle figures since its opening, boosted by additional properties launching sportsbooks in March.

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    Nasdaq Stockholm-listed Ninja Casino operator Global Gaming has scrapped plans to issue a dividend to shareholders as a result of difficult operating conditions in the newly regulated Swedish market.

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    Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.

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    Delaware’s legal sports betting sector has been given a significant boost after it was revealed that revenue from the state’s regulated market amounted to $1.6m (£1.3m/€1.5m) in March, up from just $22,152 in the previous month.

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    More than 91% of Lotto24 shareholders have endorsed a takeover offer by London-listed lottery brokerage Zeal Network within the regular acceptance period, it was revealed today (April 15).

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    US sports data giant Stats has struck a deal to acquire Perform, the digital sports media and content provider that operates the Opta, RunningBall and Watch&Bet services for gaming industry partners and sports media companies.

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    New Jersey's licensed igaming and sports betting operators set new monthly revenue records for each vertical in March, which helped the state post a 34.5% year-on-year increase in gaming revenue to $294.0m (£224.7m/€259.8m) for the month.

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    Cherry has applied to delist from Nasdaq Stockholm as the consortium looking to acquire the business moved a step closer to acquiring 100% of shares in the Swedish gaming group. 

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    Norwegian state gambling operator Norsk Tipping has introduced a new limit that will automatically stop customers from gambling with winnings of over NOK20,000 (£1,800/€2,080/$2,360) per month.

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    Increased consumer spending across sports betting and online casino helped push gross gaming revenue in Denmark up 5.7% year-on-year to DKK9.74bn (£1.13bn/€1.30bn/$1.46bn) in 2018, according to figures released by the Danish Gambling Authority (Spillemyndigheden).

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