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    Online gaming affiliate and content marketing business Raketech has reported a year-on-year decline in profit for 2018, despite enjoying a 49.0% increase in revenue.

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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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    Mobile games developer Gaming Realms has agreed to sell its B2C subsidiary Bear Group to River iGaming for a total consideration of £11.5m.

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    Portugal has posted €152.1m in online betting and gaming revenue for 2018, the second full year of regulation in the country, up 24% on the prior year.

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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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    Incoming Illinois Governor J.B Pritzker has raised hopes of legal sports betting in the state after including $200m in future tax revenue from wagering activities in his 2020 budget proposal.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    iGaming affiliate marketing specialist Better Collective has reported a year-on-year decline in net and operating profit for 2018, despite a sharp rise in revenue.

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    888 Holdings has agreed a deal to acquire JPJ Group's Mandalay operating business, including the Costa Bingo brand, for a cash consideration of £18m (€20.6m/$23.3m). The deal will strengthen 888's UK presence, its CEO claims, while JPJ says the sale will allow it to pursue a single-brand strategy focused around Jackpotjoy. 

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    France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer. However ARJEL has suggested that with growth in other verticals still slow, a shift to a revenue-based tax regime may be key to safeguarding the industry in the long-term.

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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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    Betsson has reported year-on-year growth across revenue and gross profit for 2018, due in part to a record performance by the business in the fourth quarter.

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    iGaming platform provider Aspire Global has cited the introduction of new technology across its service offering as a key driver of a 45.5% year-on-year increase in revenue for 2018.

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    Martin Carlesund, the chief executive of live dealer software supplier Evolution Gaming, has hailed “yet another amazing year” in the company’s history after revenue for 2018 grew 38%.

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    New Jersey’s gambling industry made a stunning start to 2019 by breaking its sports betting handle record by almost 20% and seeing online casino revenue pass $30m for the first time.

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    Paddy Power Betfair has pledged to appeal against legacy tax assessments in Greece and Germany, claiming that the sums being demanded are far greater than revenue generated in either market.

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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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    Kambi Group has cited the renewal of contracts with various customers as one of the main reasons behind year-on-year growth across revenue and profit for 2018.

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    The acting CEO of Swedish gaming group Cherry hailed an "excellent" 2018, which saw huge gains in revenue and EBITDA, while plans were announced to delist the business from the Stockholm Nasdaq following its takeover by a consortium of investors.

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