Daily news

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    New Zealand casino operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.

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    Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.

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    Industry supplier i3 Interactive announced today (11 Aug) that it has entered into an agreement to acquire all shares in an unnamed private British Columbia (BC) corporation that owns and operates a poker brand active in the Indian market.

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    H2 Gambling Capital upgraded online gambling’s share of expected 2020 global gross win to 17.4% this week, with this expected to edge past 18% in the not-too-distant future.

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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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    H2 Gambling Capital's tracking of the cumulative impact of the pandemic on the global gambling sector has seen the biggest absolute fall in FY expectations for five weeks.

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    Global gambling revenue is now estimated by H2 Gambling Capital to finish the year below the total for 2013 as the novel coronavirus (Covid-19) crisis continues to disrupt the sector

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    Table games supplier Galaxy Gaming’s revenue increased 14.5% to $21.3m for 2019 and said it remains confident that it has the funds to survive the closure of many casinos due to the outbreak of Covid-19.

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    A meeting of Germany’s heads of state in Berlin saw lawmakers approve gambling regulations to legalise online poker and casino from 1 July, 2021, as well as deciding on the location of the country’s new regulatory authority.

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    Nevada’s sports betting handle reached a new high watermark of $614.1m as the state’s casinos took in a total of $937.5m in revenue.

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    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.

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    Latvia’s parliament has approved proposals to raise certain land-based gaming taxes in the country, including the measures in the 2020 budget.

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    OPAP-controlled online gaming operator Stoiximan Group has agreed a deal to launch a range of live casino content from Evolution Gaming.

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    Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in July. 

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    Nevada’s gaming revenue for April came in at $936.5m, the first month that the state’s total has failed to hit the $1bn mark in 2019.

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    Nevada’s licensed sportsbooks generated total handle of $596.8m in March, setting a new record for amounts wagered in a month where basketball dominated the market.

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    Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.

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    Online gaming will go live in Pennsylvania from July 15, while the state’s first online sports betting offering set to launch within three weeks, the state’s Gaming Control Board (PGCB) has revealed.

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    Las Vegas-based casino giant Wynn Resorts has abruptly terminated discussions with Crown Resorts less than a day after announcing that it was looking to acquire the Australian gaming operator.

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    The US Department of Justice (DoJ) has filed a motion to dismiss the complaints filed against its revised stance on the Wire Act on behalf of the New Hampshire Lottery Corporation and NeoPollard Interactive.

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