Daily news

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    International Game Technology (IGT) has reported a 2.2% year-on-year decline in revenue for 2018, though a reduction in operating costs and foreign exchange gains helped the supplier cut its full-year loss to $21m (£16.0m/€18.7m).

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    PlayAGS has reported a 34.6% year-on-year increase in revenue for 2018, while the gaming technology supplier was also able to cut its full-year loss by half.

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    GVC Holdings chief executive Kenneth Alexander has credited excellent operational execution, effective marketing and a good World Cup for helping drive growth in the operator’s 2018 results.

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    US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.

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    The Arkansas Racing Commission’s rules for casino gaming and sports betting have been approved by the Joint Budget Committee's Administrative Rule & Regulation Review Subcommittee.

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    MGM Resorts International’s initiative to streamline the business and ramp up technology investment has prompted a number of changes to its executive team, with chief financial officer Dan D’Arrigo’s departure initiating a management reshuffle.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    The Delaware Lottery’s igaming offering enjoyed a strong start to 2019, with revenue up 57.9% year-on-year, driven largely by the performance of Dover Downs.

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    Martin Carlesund, the chief executive of live dealer software supplier Evolution Gaming, has hailed “yet another amazing year” in the company’s history after revenue for 2018 grew 38%.

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    Paulo Azi, a member of the Brazilian Chamber of Deputies, has filed a bill that would establish the country’s first land-based casinos should it pass into law.

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    Swedish casino games developer NetEnt has reported a 8.9% year-on-year increase in 2018 revenue, though increased costs saw profit decline in the fourth quarter of the year. Chief executive Therese Hillman has challenged the business to ramp up organic earnings growth in the year ahead.

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    DraftKings has widened its igaming offering in New Jersey after agreeing a deal with Evolution Gaming to launch a live dealer gaming offering.

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    A bill that would clear the way for the first land-based casinos to be opened in Virginia, as well as legalising sports betting, has been passed by the Senate Committee on General Laws and Technology.

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    Finnish betting and lotteries agency Veikkaus is to cut 400 jobs from its land-based, table-gaming business in order to focus more on digital activities.

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    The US Department of Justice has revised its 2011 ruling on the Wire Act to state that the law’s prohibition applies to all forms of gambling, in what may prove a major victory for opponents of online gambling.

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    West Virginia may follow up last year’s legalisation of sports betting with the regulation of online poker and casino, should a new bill filed by Representatives Shawn Fluharty and Joe Canestraro pass into law.

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    Nevada’s new Democratic Governor Steve Sisolak has appointed Sandra Douglass Morgan as the chair of the Nevada Gaming Control Board (NGCB). Las Vegas native Morgan currently serves as director of external affairs for US telecommunications giant AT&T in the southern Nevada region.

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    Game developer’s UK-licensed clients include SBTech, Marathonbet and Betsson

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    Total market revenue passes $1bn for fifth time in 2018, though sports betting revenue drops to $28.7m

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