Daily news

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    Greece’s parliament has passed a package of legislation designed to boost economic development in the country, which includes a bill reforming the country’s gambling laws.

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    Canadian provincial lottery operator Loto-Québec has reported a 1.53% year-on-year increase in revenue for the first half of 2019, despite seeing a decline within its draw-based games business.

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    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.

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    White label and gaming content provider Nektan has completed its share placement to raise new working capital, with the final proceeds of £2.6m ultimately failing short of its original £3.0m target.

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    Scientific Games has signed a five-year extension to its digital sports betting and online gaming agreement with Canadian provincial lottery operator  British Columbia Lottery Corporation (BCLC).

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    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.

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    DraftKings has become the first operator to secure a daily fantasy sports (DFS) licence in Iowa and has revealed plans to launch in the state in the coming days.

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    Swedish gambling regulator Spelinspektionen has unveiled a new system for licensed operators to report suspected money laundering and terrorist financing.

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    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.

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    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.

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    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.

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    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.

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    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.

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    Online gaming solutions provider BetConstruct has secured approval to roll out a new sportsbook product with South African online operator Gbets.

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    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.

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    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.

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    Canadian media business theScore saw its net loss increase 59.3% year-on-year in the 12 months to August 31, 2019, after the launch of its new sportsbook product in New Jersey led to higher spending.

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    Greentube, the interactive division of Novomatic, has struck its first supply deal in Denmark and also enhanced its presence in the newly-regulated Swiss market.

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    Svenska Spel’s third quarter gross gaming revenue declined to SEK4.6bn  as the effects of competition and regulation in the re-regulated Swedish market hit the company's balance sheets.

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    New York-based private equity firm Apollo Global Management has agreed to acquire 48.67% of the issued share capital in Gamenet from the two largest shareholders in the Italian gaming operator.

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