XLMedia has admitted that the business will have to ramp up expenditure to support sustainable growth in the medium term, prompting the performance marketing specialist to launch a strategic review with a view to overhauling its operating model.
Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.
Bet365 has reported a 9.7% year-on-year rise in betting and gaming revenue, while increased marketing costs and new efforts to enhance responsible gaming controls failed to slow profit growth for the financial year ended 31 March, 2019.
A year of negotiations look set to conclude with bills to legalise online gaming and sports betting passing into law in Michigan, after the Senate passed Representative Brandt Iden’s proposals by significant margins.
The Minister for the Interior in the German state of Hesse has claimed no operator has filed an application for a federal sports betting licence, warning that companies will face immediate action if they continue to operate without certification.
The Swedish Gaming Authority (Spelinspektionen) has revealed that despite issuing sanctions to licensees on 21 occasions in 2019, Åland Islands-based Paf is the only operator to have paid the sum owed.
The District Court for Prague 1 has ruled in favour of the Czech Republic government in a long-running legal battle with land-based casino operator Casino Kartáč over online roulette. This had seen the operator look to recoup CZK6.9bn in estimated lost revenue, after a 2006 request to launch online games was rejected.
An appeal against the Swedish Gaming Authority’s (Spelinspektionen) decision to limit Videoslots’ operating licence to a two-year term has concluded with the operator having its licence extended to 31 December, 2023. The Linnköping Administrative Court ruled a regulatory settlement with the GB Gambling Commission was insufficient grounds for curbing the licence duration.
The Betting and Gaming Council (BGC), the newly formed trade association for the UK gambling industry, has appointed former Shadow Secretary of State for Culture, Media and Sport Michael Dugher as its new chief executive.