Daily news

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    Esports betting operator Luckbox has completed a second tranche of funding, raising a further CAD$627,650 from investors, and taking the total sum raised through its current round to $4.5m.

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    China’s Sports and Welfare Lotteries saw sales fall 17.7% in May, the smallest year-on-year decline reported by the country’s Ministry of Finance since novel coronavirus (Covid-19) hit.

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    Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.

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    The Mississippi Gaming Commission has reported sports betting revenue of $87,697 after the state’s casinos began to reopen from 21 May following their novel coronavirus (Covid-19) enforced shutdown.

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    The Betting and Gaming Council (BGC) has revealed that a group of its members was able to raise £250,000 (€276,843/$310,149) for several charities through an initiative based around the Royal Ascot horse racing event.

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    Social casino giant DoubleDown Interactive has announced the lunch of its initial public offering (IPO) in the US and revealed that it could raise more than double the amount it originally forecast.

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    New obstacles to recovery in the Asia-Oceania region erased hopes of a stabilisation of H2 Gambling Capital’s forecasts for the global gambling sector this week

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    Global mobile payment and mobile identity company, Boku, has conditionally agreed to the acquisition of Estonia-based Fortumo Holdings and its subsidiaries in a deal with a maximum value of $41 million.

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    New Zealand-based casino operator SkyCity Entertainment Group has generated NZ$180m (£93.3m/€103.2m/US$115.8m) through a share placement, as part of a NZ230m equity raising.

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    A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.

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    Credit rating agency Standard & Poor's (S&P) Global has downgraded Codere for the fourth time in eight months, stating that the operator is at serious risk of defaulting on its debts in the coming six months.

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    The feud between payments and know-your-customer services provider iSignThis (ISX) and the Australian Stock Exchange (ASX) has rumbled on, after ISX refused to provide the ASX with correspondence with shareholders over potentially delisting the company from the exchange.

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    Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.

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    Sports betting and daily fantasy sports operator DraftKings has announced plans to launch a public offering of new shares in the US, with the aim of raising $567m.

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    Pennsylvania’s online gaming revenue has once again grown strongly month-over-month, while sports betting revenue has significantly increased from April 2020. 

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    William Hill has raised £224m through the placement of 174.9m shares, priced at £1.28 apiece.

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    GAN has reported a year-on-year drop in revenue and profit for the first quarter, primarily due to the impact of the novel coronavirus (Covid-19) pandemic on the gambling software business.

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    William Hill has seen revenue for the 23 weeks to 9 June fall 32% year-on-year, though the operator claims that recent weeks have shown the business recovering strongly from the disruption caused by novel coronavirus (Covid-19).

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    The Delaware Lottery was announced that online gaming revenue in the state’s regulated market reached $1.1m in May, its highest total for 2020 to date.

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    The Betting and Gaming Council (BGC) has revealed that its five largest members will spend £100m (€111.4m/$125.4m) on improving treatment services for problem gamblers in the UK.

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