Daily news

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    Online sports betting operator PointsBet has reported a 190.9% year-on-year rise in net revenue during its 2020 financial year, aided by strong growth from its core Australian operations.

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    Superbet Group has acquired a 60% stake in online casino operator Lucky 7, in a deal the Central and Eastern European betting and gaming business said would help to diversify its operations.

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    Chinese lottery sales fell 41.7% year-on-year in the first half of 2020, after the market suffered significant disruption from the novel coronavirus (Covid-19) pandemic.

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    Rush Street Interactive (RSI) is set to be the latest US online gambling operator to go public after agreeing a reverse merger with special purpose acquisition company dMY Technology Group.

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    The Société des bains de mer de Monaco, which operates Casino de Monte-Carlo, reported revenue of €45.1m (£41.0m/$52.3m) for the three months ending on 30 June, the first quarter of its 2020-21 fiscal year, a 60.5% year-on-year decline.

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    Newgioco Group has reported a year-on-year rise in revenue for the first quarter, while the betting and gaming operator and supplier was also able to return to a net profit during the period.

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    Scientific Games' losses increased in Q2 as revenue fell 37.2% to $539m (£423m/€465m), but the business said its results were "better than expected" given the outbreak of the novel coronavirus (Covid-19).

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    Kindred Group has reported a year-on-year rise in revenue during the first half of the year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    H2 Gambling Capital downgraded its annual expectations for the global gambling sector by a further $780m to $356.9bn this week.

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    Land-based gaming giant Las Vegas Sands saw revenue fall 73.1% year-on-year for the six months ended 30 June, 2020 after Q2 revenue collapsed to almost zero due to the novel coronavirus (Covid-19) pandemic.

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    Spread betting and contracts for difference (CFD) provider IG Group took in revenue of £649.2m (€712.5m/$825.7m) in the full year ended 31 May, up 36% year-on-year.

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    Affiliate marketing services provider XLMedia has said it expects to post a year-on-year drop in revenue for the first half of 2020, primarily due to Google de-ranking a number of its websites and also the impact of the novel coronavirus (Covid-19) pandemic.

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    Credit ratings agency Standard and Poor’s has downgraded Spain, Italy and Latin America-facing operator Codere’s credit rating for the fifth time in just over nine months, indiciating default is a “virtual certainty”.

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    The Massachusetts State Lottery has reported a year-on-year decline in revenue and net profit for the 2020 fiscal year, primarily due to the impact of the novel coronavirus (Covid-19) pandemic.

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    The Betting and Gaming Council (BGC) has warned the Scottish government that thousands of jobs in the gambling sector are at risk unless it grants business rates relief to betting shops in the country.

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    Betsson has revealed that it was able to achieve record revenue in the second quarter of 2020 despite “challenging” operating conditions caused by the novel coronavirus (Covid-19) pandemic.

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    Zeal Networks has increased its financial projections for 2020 after a strong first half of the year saw a significant increase in billings, and the business exceed its full-year target for new customer sign-ups in Germany.

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    Norwegian horse racing monopoly Norsk Rikstoto has reported a year-on-year increase in turnover during the first half of the despite being impacted by the novel coronavirus (Covid-19) pandemic.

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    Svenska Spel chief executive Patrik Hofbauer said the operator is showing signs of recovery following the disruption caused by novel coronavirus (Covid-19), which led to a 9.6% year-on-year revenue decline in the first half of the year.

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    Affiliate giant Catena Media has said that it expects to achieve record revenue and profit in the second quarter of 2020, despite its business being affected by the novel coronavirus (Covid-19) pandemic.

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