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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    Inspired Entertainment saw revenue fall $10.2m (£8.4m/€9.1m) in the second quarter of its financial year, with the decline blamed on the UK government’s decision to reduce maximum B2 machine stakes to £2. The supplier posted a net loss of $10.7m for the period.

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    AGTech Holdings has reported a 22.7% year-on-year decline in revenue for the first six months of 2019, which was blamed on a HK$16.5m (£1.7m/€1.9m/$2.1m) decline in lottery hardware sales over the period.

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    Sports betting solutions provider Kambi has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market.

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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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    JPJ Group has entered into a conditional agreement to acquire the majority of its technology partner Gamesys’ assets for a total consideration of £490m (€549.8m/$620.9m).

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    Greek lotteries and gaming solutions provider Intralot has reported an 8.5% year-on-year decline in revenue for the first quarter of its financial year, following weaker performances from all key business units.

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    Payment processing solutions provider Nuvei Corporation has reached an agreement on the terms of an all-cash deal to acquire payment technology business SafeCharge International.

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    Online gambling operator Bet365 has joined forces with EML Payments to develop a new prepaid credit card in New Jersey. The operator is yet to launch in the state but has a partnership in place do so with the the Hard Rock Atlantic City casino.

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    Norwegian state gambling operator Norsk Tipping has introduced a new limit that will automatically stop customers from gambling with winnings of over NOK20,000 (£1,800/€2,080/$2,360) per month.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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    Igaming platform and software provider GAN has said that it expects revenue for 2018 to come in ahead of market expectations after the business was boosted by a strong performance in the second half of the year.

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    Spillemyndigheden says that it is succeeding in tackling illegal gambling despite being forced to block sites for the first time since 2014

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    Super-affiliate agrees €30m acquisition to establish a presence in Sweden's re-regulated iGaming market 

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    More than 70 MPs are calling for changes to be implemented earlier

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    Bookmaker faces paying out on hundreds of bets turned down by its team

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    Bookmaker is being investigated by the Independent Betting Arbitration Service

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    Operator seeks online licence without a land-based presence in the state

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    APPG accuses bookmakers of being ‘misleading’ over transition claims

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    Acquisition expands Eldorado’s reach to 26 land-based sites in 12 states

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