Daily news

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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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    The Greentube division of Novomatic has launched in Switzerland with games on Grand Casino Luzern’s mycasino.ch website.

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    Casino software and games supplier iSoftBet is to expand its services in the Malta market after securing a B2B software licence from the Malta Gaming Authority (MGA).

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    Live dealer software supplier Evolution Gaming has extended its relationship with Scientific Games by adding its range of Live Casino solutions to the Open Gaming System (OGS) distribution network.

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    Svenska Spel has appointed former LeoVegas chief marketing officer Petra Blixt as head of sales and marketing for its igaming subsidiary Svenska Spel Sport & Casino.

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    Sportradar says it has become a fully integrated turnkey sports betting provider after acquiring Spanish sportsbook and igaming platform Optima for an undisclosed sum.

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    Atlantic Lottery reported a net profit of CAD$422.2m, up 0.7% year-on-year and ahead of the company’s target of CAD$419.4m for the fiscal year ending 31 March, 2019, thanks to a high level of rollover MaxMillions jackpots.

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    The average number of people frequently gambling in Switzerland fell again in 2017, with research commissioned by the Inter-Cantonal Lotteries and Betting Commission and the Eidgenössische Spielbankenkommission showing just 16.4% of respondents gambled at least once a month.

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    Centrist political party the Liberal Democrats has waded into the ongoing debate on responsible gambling in the UK, calling for a complete overhaul of the gaming sector’s approach to tackling responsible gambling.

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    Malta-based online gaming operator Casumo has been reprimanded by the UK Advertising Standards Authority (ASA) for a Google sponsored search result that appeared when a user searched “how to unsubscribe from all gambling.”

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    Codere has launched an investigation into inconsistencies in the financial reports of some of its Latin American subsidiaries for the first half of the year, which the operator has warned may reduce its full-year earnings by up to €20m. 

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    Problem gambling funding body GambleAware has appointed Peter Holt as its new chief financial officer. Holt most recently worked for Health Education England and also spent time with the NHS.

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    Rank Group, the parent company of Mecca Bingo and Grosvenor Casinos, has finalised its acquisition of online casino and bingo operator Stride Gaming. Stride Shares will cease trading on AIM at 7.00am on October 7.

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