Daily news

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    GambleAware has urged the government, financial institutions and regulators to ensure all consumers have the ability to block gambling transactions, after a new study estimated that 28m personal bank accounts in the UK do not yet have access to this functionality.

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    Sports betting and interactive gaming company Newgioco Group has reported an increased comprehensive loss in 2019, despite experiencing a year-on-year rise in revenue for the year.

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    Swiss gambling regulator Eidgenössischen Spielbankenkommission (ESBK) has reported a 5.5% year-on-year rise in casino revenue for 2019, while the country’s online gaming licensees generated CHF23.5m following the launch of igaming from July that year.

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    Rank Group believes its profit for the fiscal year ended 30 June 2020 will come in at the lower end of its £48m to £58m guidance following the disruption caused by the novel coronavirus (Covid-19) pandemic.

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    Toronto-listed supplier Bragg Gaming Group has put a €5.7m (£5.2m/$6.4m) net loss in the first quarter primarily down to the remeasurement of deferred and contingent costs related to its acquisition of Oryx Gaming.

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    Revenue from gambling organised by Swiss lotteries came to just over CHF1bn (£857.3m/€939.0m/$1.05bn) in 2019, according to the latest annual report from the Inter-Cantonal Lotteries and Betting Commission (Comlot), which said the numbers show licensed oeprators were regaining market share from offshore competitors.

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    New figures released by the Polish Ministry of Finance reveal that while the country has seen gambling revenue decline for the year to date, newly regulated products helped mitigate falls in online betting and land-based gaming.

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    Table games supplier Galaxy Gaming has reported a 15.9% year-on-year decline in revenue for the first quarter of 2020, primarily due to the closure of land-based casinos as a result of the novel coronavirus (Covid-19) pandemic.

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    Golden Nugget Online Gaming will go public on the Nasdaq exchange following a special-purpose reverse merger with blank check company Landcadia Holdings II.

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    Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.

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    H2 Gambling Capital saw the first gain in its 2020 gross gambling win forecasts this week since it started tracking the impact of the pandemic on the sector five months ago.

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    Affiliate marketing specialist Gambling.com Group has hailed a strong start to the second quarter of its financial year that has seen revenue for April and May rise 21.8% year-on-year.

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    Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.

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    Evolution Gaming has tabled a SEK19.6bn bid for slots giant NetEnt in a deal designed to strengthen their position in the US market.

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    Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.

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    New obstacles to recovery in the Asia-Oceania region erased hopes of a stabilisation of H2 Gambling Capital’s forecasts for the global gambling sector this week

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    A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.

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    Credit rating agency Standard & Poor's (S&P) Global has downgraded Codere for the fourth time in eight months, stating that the operator is at serious risk of defaulting on its debts in the coming six months.

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    Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.

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