Daily news

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    The New Zealand government has confirmed it is to repeal the current betting levy on the country’s racing industry, with plans in place to phase this out over the next three years.

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    Sweden’s newly regulated igaming market has generated total turnover of SEK3.29bn (£271.3m/€313.8m/$352.8m) in the first quarter of the year, with former horse racing monopoly AB Trav och Galopp (ATG) dominating the channel. Svenska Spel Sport & Casino and ATG accounted for 50% of online market turnover over the three month period.

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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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    Total prize money contribution will be £15.3m in 2019, down from £17.5m in 2018

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    Monmouth Park operator confirms lawsuit against leagues that opposed 2014 sports betting law

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    Spain’s Congress of Deputies, the lower house of the national government, has announced a proposal to lower gambling taxes in the country

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    US gaming company Pinnacle Entertainment has been granted approval by the Nevada Gaming Commission to complete its previously announced transaction with Gaming & Leisure Properties (GLPI).

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    Two New Jersey lawmakers have proposed adding a 0.25% tax on all potential sports wagers in the US state to support sports leagues in their efforts to combat match-fixing and corruption.

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    Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.

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    Stars in their eyes

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    Japan presents many features of a growth market should regulation of land-based casinos go ahead in the near future, explains Simon Holliday of H2 Gambling Capital.

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    France’s Competition Authority to issue PMU online-offline split directives in the next couple of months.

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    Australian gaming company Tabcorp has finalised an agreement with the New South Wales (NSW) Government for an extension to the exclusivity period of its regional retail wagering licence.