Daily news

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    The Swedish gambling market saw revenue grow 1.5% in 2018, driven by growth in regulated and offshore igaming. Total revenue increased to SEK23.4bn (£1.9bn/€2.2bn/$2.5bn), with a 2.3% year-on-year decline in regulated market revenue to SEK16.7bn.

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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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    The Delaware Lottery’s igaming offering enjoyed a strong start to 2019, with revenue up 57.9% year-on-year, driven largely by the performance of Dover Downs.

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    Finnish gaming monopoly operator Veikkaus has pledged to develop its digital offering over the next three years to ensure it doesn’t see profits cannibalised by offshore competition, after announcing slight declines in turnover and profit for 2018.

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    Australian gambling operator Tabcorp was today counting the cost of a year-on-year decline in revenue and profit in its wagering and media business, with its share price down by almost 4%.

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    Gaming Innovation Group (GiG) has reported a 26% year-on-year increase in revenue for 2018, saying it was reaping the benefits of the £16m invested in technology and product development over the year.

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    Lottery brokerage Zeal Network has published details of the all-share voluntary takeover offer for its former subsidiary Lotto24

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    Zeal Network has increased its profit guidance for the 2018 financial year, with the lottery brokerage now expecting to post between €37m and €39m in earnings before interest and tax following a strong performance in the final two months of 2018.

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    Lottoland has expressed its disappointment at the decision of Zeal Network shareholders to approve the company’s pending acquisition of former subsidiary Lotto24, claiming that the operator has failed to secure a mandate to proceed with the deal.

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    Zeal Network has tuned down Lottoland’s offer of €76m to purchase its German business, with CEO Helmut Becker again accusing the lottery betting operator of trying to disrupt ongoing acquisition talks with Lotto24

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    Lottoland Holdings has proposed a cash offer of up to €76m for Zeal Network’s core German business in the latest twist in the drama relating to the latter’s proposed takeover of Lotto24. The lottery operator’s proposed offer, signed by CEO Nigel Birrell and published this morning by Zeal, would see it acquire the Germany-facing Tipp24.com brand. It called on the company to "immediately postpone" next week's vote on the acquisition of Lotto24.

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    Online lottery brokerage Zeal Network has claimed it would be forced to terminate its bid to acquire Lotto24 if shareholders give in to Lottoland’s demand to delay a planned extraordinary meeting.

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    Lottoland has accused Zeal of acting in the interests of certain shareholders as it prepares rival takeover bid for Lotto24

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    TV advertising accounted for just 15% of British gambling industry marketing spend in 2017

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    Tech company wants to 'capitalise on the worldwide growth of lottery' through acquisition

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    Company also boosted by NYX purchase as revenue climbs 7% in Q3

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    Adjusted EBITDA up despite 5% revenue drop

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    Marie Loob says operators should avoid offering bets on sporting events that are 'easy to manipulate'

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    ALC surpassed budget forecast, but profit and net revenue fell year-on-year

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    Lottery remains biggest revenue-generator despite 10% year-on-year fall

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