Daily news

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    Mississippi’s regulated sports betting market has recorded a month-on-month decline in revenue for July, with amounts wagered also down over the month.

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    Gambling.com Group chief executive Charles Gillespie has praised the affiliate marketing provider’s revenue growth in the second quarter despite earnings being squeezed by “regulatory headwinds” and a comparatively quiet sporting schedule.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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    The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. The bulk of revenue was generated from the Schenectady-based Rivers Casino & Resort, which opened its sportsbook on 16 July.

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    Affiliate giant Catena Media has seen revenue fail to meet internal targets for the second consecutive quarter, blaming tightening regulations in the UK and France, and a lack of improvement in the newly regulated Swedish market for its struggles during the period.

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    Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.

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    Pennsylvania’s licensed operators have generated revenue of $812,306 in the first sixteen days following the opening of the state’s regulated igaming market, with customers wagering almost $50m.

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    iGaming affiliate business Net Gaming Europe has reported a 24% year-on-year decline in revenue over second quarter of the year, blaming tighter regulations in a number of European markets and increased competition in North America for its struggles.

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    A joint venture between Italian gaming operator Sisal and Turkish media giant Demirören Holding has secured the operating rights to Turkey's national lottery Milli Piyango for the next ten years.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    Revenue from the regulated Delaware online gaming market improved year-on-year in July, despite players spending almost $10m less than in the same month last year.

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    New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals.

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    Zeal Networks has reported marginal revenue growth for the first half of 2019, with a positive contribution from the recently acquired Lotto24 business offsetting a decline caused by the closing of its Lotto Network and Venture24 brokerage businesses.

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    Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

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    A proposed ban on television gambling advertising by offshore gaming operators in Norway could see broadcasters' revenue plummet by NOK500m, a new Government-backed report claims.

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    LeoVegas Gaming Group saw revenue grow in the first half of 2019, but challenging operating conditions in the UK eroded company profits over the period.

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    Stockholm-listed Better Collective has reported a significant year-on-year rise in both revenue and operating profit for the first half of the year, with the affiliate marketing giant benefitting from the impact of acquisitions in the period.

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    West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market. 

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