Daily news

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    Revenue from Mississippi’s regulated sports betting market increased by 35.4% month-on-month in June, despite the state seeing a 12.7% decline in amounts wagered.

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    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.

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    Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.

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    GVC Holdings has agreed a deal to sell its 50% interest in the Sportium Apuestas Deportivas joint venture with Cirsa, in a move that will mark its exit from the Spanish retail betting market.

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    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.

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    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).

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    Monthly revenue from Delaware’s regulated online gaming market slipped to a year-low of $257,263 (£206,610/€229,086) in June, while consumer spending was at its lowest since January.

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    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.

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    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.

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    The Dutch gambling market generated a collective €2.05bn (£1.84bn/$2.31bn) in revenue in 2018, marking the first time that the national sector surpassed the €2bn landmark.

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    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.

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    Czech gaming and lottery giant Sazka Group has put forward an offer of €2.06bn (£1.85bn/$2.31bn) to gain full control of Greek gaming operator OPAP.

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    Germany’s state lottery association the Deutsche Lotto-und Totoblock (DLTB) has reported a 3% year-on-year decline in lottery sales for the first six months of 2019.

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    GVC Holdings has denied media reports it continues to benefit from its former Turkey-facing subsidiary Headlong Limited, stressing that it has no ties with the business it divested in November 2017.

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    Sports wagering revenue in the regulated West Virginia market plummeted by around 148.2% month-on-month to $377,552 (£301,313/€336,205) in June, while total handle also dropped by 13%.

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    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.

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    A syndicate of eight investment banking groups have been selected to work on the privatisation of French state-owned gaming operator La Française des Jeux (FDJ).

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    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.

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    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.

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    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.

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