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.
Latvia gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has announced details of a new initiative whereby consumers suffering with gambling-related problems can access state-funded psychologist support.
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.
The UK Gambling Commission and Competition and Markets Authority (CMA) have published a joint letter calling for operators to pay closer attention to consumer protection law to help ensure players have access to a fair and transparent market.
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.
The Responsible Gambling Strategy Board (RGSB) has said that the 2016-19 National Responsible Gambling Strategy achieved a number of key milestones, but ultimately failed to make as much progress as hoped in tackling gambling-related harm in Great Britain.
The Stars Group chief executive Rafi Ashkenazi believes the operator can achieve double-digit growth in highly competitive and mature UK market in 2019, by leveraging the Sky Betting and Gaming assets acquired in 2018.
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.
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.
The Senet Group is calling on gambling operators to help customers set and adhere to their own boundaries, after new research from the UK-facing responsible gambling organisation suggests all gamblers want to stay in control of their habits, regardless of their risk profile.