Daily news

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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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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    GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.

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    LeoVegas has reported an 11.6% rise in revenue for the first quarter of 2019, though growing costs saw the Stockholm-listed gaming operator post a €31,000 (£26,611/$34,757) loss for the period.

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    Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.

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    Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.

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    Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    Italian operator SNAI has revealed that it has entered into an agreement to finalise its previously announced merger with rival Cogemat, while also confirming Giorgio Sandi is to stand down as its chief executive and chairman.

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    Italian retail and online sports betting operator SNAI has struck an agreement to merge with rival firm Cogemat in a move that will value the new company at more than €145 million ($162.5 million).

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    This week the iGB Diary marvels at Willie Brown's damascene conversion, wonders why Paddy was so soft on Giggsy, roots for gender equality and praises Ladbrokes (yes you read that right).  

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    In typical Playtech style, the igaming giant sets out its betting stall, Betfair links up with Snapchat, Spain should beware not regulating slots and some media not so eagle eyed. 

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    Online gaming software giant Playtech has announced it will pay shareholders a special dividend of £100m (€122m/US$167m) after registering a significant rise in full-year profits for 2013.

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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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    Gross gaming revenues from mobile are set to reach just over €19bn in 2018, or nearly 45% of total interactive gambling gross win, H2 Gambling Capital report reveals.

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    RealNetworks is hoping to make its mark on social gaming through its acquisition of the social games studio Slingo for US$15,6m