Daily news

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    Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.

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    Gaming platform and services provider Nektan has reported a 5.9% year-on-year increase in revenue for the third quarter of its financial year, though noted that performance in the period was impacted by a number of factors.

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    888 Casino has struck a partnership with online gaming content provider Microgaming, with the product roll-out set to commence in the UK.

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    Happy Friday igamers! This week we take a leaf out of William Hill's books, hear why operators are disgruntled about Sweden and ponder the prospects of another lottery innovator Down Under

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    Digital performance marketing solutions provider XLMedia has reported a 14.4% decrease in revenue for 2018, which it attributed to a number of regulatory issues impacting performance over the year.

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    London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period.

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    Industry trade group the European Gaming and Betting Association (EGBA) has urged the European Union (EU) to introduce a ‘common rulebook’ of iGaming regulations in order to better protect consumers across the continent.

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    Online gaming software supplier Bede Gaming has been accepted as an associate member of the European Lotteries Association.

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    This week we dig deep into the real and fictional pasts of those in the news of late, applaud a politician who can see past the lottery monopoly agenda and consider the FT’s message of doom for the industry

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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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    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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    William Hill reaffirmed its goal of doubling profits by 2023, despite reporting a £721m loss for 2018. Its strategy, first outlined at its capital markets day in November last year, is centred around three areas: driving digital growth in the UK and internationally; growing a business of scale in the US; and remodelling UK retail.

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    William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.

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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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    Gaming operators believe a new European Union (EU) coordinated plan for the development of artificial intelligence (AI) systems could play a major role in improving in problem gambling services.

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    London-listed 888 Holdings has promoted Andrew Anthony, a 15-year veteran of the operator's finance department, to lead player protection efforts as its new responsible gaming director.

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    Kindred Group, the owner of Unibet, has reported a 20.8% rise in revenue for 2018, driven in part by a record fourth quarter and an all-time high in active customers for the period. However the operator saw increased costs in Q4 hit its bottom line, with profit for the quarter down 22.6% year-on-year.

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    Polish bookmaker STS has announced plans to expand its core brand into a number of regulated European markets, targeting the UK and German markets in particular.

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    The Malta Gaming Authority (MGA) has become the second international regulator to throw its weight behind the All-in Diversity Project

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    Paddy Power Betfair has acquired an initial 51% stake in Georgian online sports and betting operator Adjarabet for €101m.

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