Daily news

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    France's new gambling regulator L’Autorité nationale des Jeux (ANJ) has officially launched today (22 June) after board members staged their first formal meeting.

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    Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).

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    Indiana’s regulated sports betting market reported a 9.6% month-on-month rise in handle in February, breaking the record set in January thanks largely to continued online growth.

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    New York’s four commercial casinos have reported losses of $179,593 from sports betting in February, with del Lago the only venue to actually generate revenue during the month.

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    Regulated sports betting is set to begin in Michigan this week, with Detroit's three commercial casinos expected to be authorised to launch retail wagering by the Michigan Gaming Control Board. 

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    H2 Gambling Capital expects the outbreak of the novel coronavirus (Covid-19) to lead to a decline of up to 8% in global gambling gross win in 2020, only the second time annual revenue will have fallen in 20 years.

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    Sweden’s AB Trav och Galopp (ATG) posted the highest full-year revenue in the company’s history in 2019, though a decline in its core racing vertical and Sweden’s new gaming taxes hit operating profit for the year.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting. 

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    Mississippi Representative Cedric Burnett has resurrected a bill to legalize mobile wagering in the state, having previously seen a similar proposal die without progressing to a committee hearing in 2019. 

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    Michigan Governor Gretchen Whitmer has ratified bills to legalize sports betting and online gaming in the state, paving the way for a 2020 roll-out. 

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    The Illinois Gaming Board has issued emergency rules to kick off the first phase of the state’s sports betting licensing process. 

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    Indiana’s regulated sports betting market saw strong growth in customer stakes in November, though revenue declined month-on-month, according to the latest figures from the Indiana Gaming Commission.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market. 

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    A bill to regulate sports betting in Puerto Rico is headed to Governor Ricardo Rosselló Nevares to be signed into law after passing the unincorporated US territory’s legislature. 

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    The Remote Gambling Association (RGA) and Association of British Bookmakers (ABB) are to be wound up and replaced by the Betting and Gaming Council, a new UK-facing operator body that aims to act as the industry’s mouthpiece. British Beer & Pub Association chief executive Brigid Simmonds will lead the new body.

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    William Hill US is to enter the New Mexican gambling market through a new partnership with the Mescalero Apache Tribe, operator of the state’s Inn of the Mountain Gods Resort & Casino.

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    New York bettors will have to travel to upstate casinos to bet on sports after Senator Joseph Addabbo’s mobile wagering bill failed to progress through the Assembly.

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    Maine has become the third state in New England to regulate sports betting after its legislature pushed a bill through the House and Senate in the last two days of the state's regular session.

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