Daily news

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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    Live dealer software supplier Evolution Gaming said its investment in new products and the expansion of its studios has led to a year-on-year increase in revenue and profit during the third quarter of 2019.

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    The GB Gambling Commission has called for ongoing industry cooperation to continue to tackle underage gambling after a new report from the regulator highlighted a decline in the number of 11 to 16-year-olds taking part in gambling activities.

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    Live dealer software supplier Evolution Gaming has agreed a deal to provide its live casino gaming solutions to Flutter Entertainment's Paddy Power and Betfair brands.

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    The Japanese government has revealed plans to formally establish a regulatory body to oversee the country’s land-based casino industry by January next year, around six months after it was originally set to be formed.

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    The Malta Gaming Authority (MGA) has announced changes to the regulations surrounding gaming license fees to narrow the definition of a start-up, potentially ramping up costs for smaller gaming businesses.

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    A long-awaited bill allowing for gambling at hotels has been filed in the Ukrainian parliament, the Verkhovna Rada.

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    The International Association of Gaming Regulators (IAGR) has appointed Paul Newson, trustee of Australia’s New South Wales Responsible Gambling Fund, as its new president.

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    The number of people gambling in Macau dipped to a record low in 2019, according to a survey commissioned by the Social Welfare Bureau, with the number of people identifying as problem gamblers also falling sharply.

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    The Deutsche Automatenwirtschaft (DAW), the umbrella organisation for Germany’s gaming machine associations, has highlighted a number of key issues that must be addressed as lawmakers prepare to begin discussions over the re-regulation of the country’s gambling market.

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    White label and gaming content provider Nektan has extended the deadline for orders for a placing to raise £3.0m in working capital for the fourth time, after revealing that certain parties were proposing “unacceptable” terms in return for investment.

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    Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn. MGM has also struck a deal to sell Circus Circus for $825m to an affiliate of Treasure Island owner Phil Ruffin.

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    Licensed sportsbook operators in Pennsylvania generated collective revenue of $19.4m (£15.1m/€17.4m) in the second full month of regulated sports wagering, while interactive gaming revenue in September amounted to $5.3m.

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    Problem gambling funding body GambleAware has revealed that GVC Holdings topped its list of pledges for the six months to 30 September 2019, with the Ladbrokes Coral owner committing a total of £1.46m (€1.69m/$1.86m) during the period.

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    Malaysia’s Minister of Finance, Lim Guan Eng, has announced that punishments for both gamblers and gambling operators will increase as part of the country’s 2020 budget.

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    Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).

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    The California-based San Manuel Band of Mission Indians will sponsor the Las Vegas’s Allegiant Stadium, as well as the Raiders NFL franchise, after the team’s 2020 move from Oakland to the city.

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    Rank Group has reported an 8% year-on-year increase in gross gaming revenue for the three months to 30 September 2019, after it was boosted by growth in its digital arm and Grosvenor Casino land-based business.

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    Ukraine’s president, Volodymyr Zelensky, has expressed his support for the introduction of gambling at licenced five-star hotels.

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    Sweden’s Administrative Court has moved to reduce Casino Cosmopol’s penalty fee for breaching licence conditions related to money laundering and terrorist financing to SEK3m (£242,508/€276,959/$305,316), but the national gambling regulator could appeal against the ruling.

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