Swedish state-owned gaming business Svenska Spel has seen profits hit by increased regulatory costs in the first half of the year, though the operator noted that customer growth and revenue had recovered during the second quarter.
GVC Holdings has cited growth within its online gambling business as the main reason behind a 5% year-on-year increase in net gaming revenue during the six months to June 30, 2019, despite a decline in revenue within the operator’s UK retail arm.
Mobile games developer Gaming Realms has finalised the sale of its Bear Group B2C subsidiary to River iGaming. The deal, first announced in February, is worth a total consideration of £11.5m (€12.7m/$14.3m).
Land-based casino win helped push revenue in the regulated New Jersey gambling market up month-on-month to $283.8m (£225.7m/€251.6m) in June, despite the state seeing declines in both sports betting and online gaming revenue.
Casino games supplier NetEnt has put a year-on-year decline in revenue and operating profit in the first half of 2019 down to ongoing weak development in Nordic countries, again citing Sweden as a market of particular concern.
Affiliate giant Catena Media has amended the terms of the second and final earn-out payment for its purchase of BayBets, the German sports betting affiliate it agreed to acquire in December 2017. This will see Catena take full control of the business earlier than expected, and for a lower price.
Swiss gambling regulator Eidgenössische Spielbankenkommission (ESBK) has reported a 3.4% year-on-year increase in revenue from the country’s land-based casinos in 2018, driven largely by the slot vertical.
Portugal’s regulated online gambling market achieved a new record quarterly revenue of €47.3m (£42.4m/$53.4m) during the first three months of the year, primarily due to year-on-year growth across sports betting and casino.
GVC Holdings, bet365, Flutter Entertainment, William Hill and Sky Betting and Gaming have followed up plans to increase funding for problem gambling treatment and safer gambling by setting out a plan of action to cerate a safer gambling environment.
Online betting and gaming technology provider GAN has seen trading in the second quarter of its financial year beat expectations, with seasonal decline in igaming revenue offset by the strong performance of clients’ sportsbook offerings.