Daily news

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    Spain’s regulated online gaming market has reported a 5.4% year-on-year increase in gross gaming revenue for the third quarter of 2019, with the growth of online casino again supported by the recovery of the sports betting vertical.

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    The newly formed Gamesys Group has reported a 22.9% year-on-year increase in revenue for the third quarter of the year, aided by a turnaround in the operator’s Jackpotjoy operating division.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

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    Land-based operator Casino 36 has agreed a £300,000 penalty package with the GB Gambling Commission for money laundering and social responsibility failures, the regulator has announced.

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    Norwegian state-owned gambling operator Norsk Tipping has again tightened its responsible gambling controls, with players now shown an overview of their playing habits when they log into their online accounts.

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    A trio of new international operators have joined the race for one of Buenos Aires’ seven provincial igaming licences, with the registration window for the process expiring tomorrow (June 25).

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    Canadian provincial lottery operator Loto-Québec has reported a 3.1% year-on-year increase in revenue to CAD$2.83bn (£1.68bn/€1.89bn/US$2.12bn) for its 2018-19 financial year, with the contribution from its igaming offering growing to $105.4m.

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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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    The number of operators battling for one of the Argentine capital province’s seven igaming licences continues to grow, with Spanish operator Luckia the latest to enter the fray.

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    Revenue from regulated gambling in the Czech Republic fell 21.3% in 2018 to CZK31.3bn (£1.1bn/€1.2bn/$1.4bn), with the decline down to a lower contribution from slot machines.

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    A trio of international gaming operators have entered the race to secure online gambling licences in Argentina’s capital province of Buenos Aires. There are now 10 companies competing to secure one of seven operating licences.

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    A host of leading betting and gaming operators have struck partnerships with local operators in Buenos Aires as Argentina’s capital province moves towards the roll-out of online gambling.

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    Gambling revenue in Latvia increased 15.3% year-on-year in the first quarter, with national regulator the Lotteries and Gambling Supervisory Inspection (IAUI) reporting growth across all key verticals.

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    Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.

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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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    The UK Gambling Commission has set out its business plan for 2019-20, with a continued focus on protecting consumers, preventing gambling-related harm and raising overall standards in the industry.

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    The Rank Group has confirmed Alan Morgan will leave his role as managing director retail on July 31 this year in order to pursue other opportunities. Chief executive John O'Reilly will assume Morgan’s responsibilities upon his departure.

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    State-owned gaming operator Svenska Spel’s lottery and gaming machine division has generated turnover of SEK906m (£74.6m/€86.9m/$97.6m) in the first two months of activity in Sweden’s newly regulated online gaming market.

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    The Nevada Gaming Control Board has reported an 11.5% year-on-year rise in sports betting handle for February, though the state also saw gaming revenue across all verticals decline marginally for the month.

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