The Ukrainian government’s conservative evaluations have estimated that the country’s gambling bill could bring in between UAH5bn (£154.4m/€178.7m/$192.8m) and ₴9bn, according to the country’s Minister of Finance.
With other operators struggling in Sweden, former horse racing monopoly Aktiebolaget Trav och Galopp (ATG) bucked the trend to report a 12.6% increase in net gaming revenue for the third quarter of 2019 to SEK1.17bn, setting a new company record.
The Korea Racing Authority (KRA), the public company established to manage the racehorse industry in South Korea, has launched efforts to introduce online horse race betting in the country in the hopes of limiting illegal online betting.
Online gambling participation rates in Lithuania almost doubled between 2017 and 2019 according to new research commissioned by the Lithuanian Gambling Supervisory Authority, but the overall number of people gambling in the country declined.
Dutch gambling monopoly Holland Casino has entered into a partnership with B2C marketing automation specialist Selligent Marketing Cloud with the aim of enhancing its omni-channel marketing efforts and boosting guest experiences.
Comcast-owned media giant Sky said that a 18.2% decrease in advertising revenue in the third quarter of this year was largely due to the whistle-to-whistle ban on gambling advertising in the UK and new gambling advertising restrictions in Italy.
Unibet operator Kindred Group saw gross winnings revenue for the third quarter of 2019 declined 2% to £226.0m (€260.9m/$290.1m) while after-tax profits almost halved as struggles in Sweden hurt the company’s bottom line.
Sports betting solutions provider Kambi Group has reported a year-on-year rise in revenue for the third quarter, but saw its operating profit decline as a result of higher spending related to its US expansion efforts.
Online casino games provider Red Rake Gaming has sealed its first social casino supply deal in the US, agreeing to provide free-to-play content to the Wind Creek Hospitality (WCH) authority of the Poarch Band of Creek Indians.
NetEnt has reported a marginal decline in revenue for the third quarter of the year, after favourable exchange rates and the acquisition of Red Tiger Gaming partially offset struggles in the Norwegian, Swedish and UK markets.