Daily news

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    Affiliate marketing provider Gambling.com Group has secured $15.5m (£12.6m/€14.0m) in new investment from growth equity investment firm Edison Partners.

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    Amid questions about the future of its status as Finland’s gaming monopoly, Veikkaus’s turnover, revenue and profits dipped slightly in the first half of 2019, as the company introduced stricter responsible gaming controls and saw lower turnover in almost every vertical.

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    The Malta Gaming Authority (MGA) has commenced the second phase of its Sandbox Framework, the intitative designed to explore the use of cryptocurrency by licensed gaming operators.

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    Danske Spil has put a slight year-on-year decline in gross gaming income in the first half down to its decision to divest its stake in games development studio CEGO, while rising costs saw the Danish state-controlled operator's net profit decline.

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    Allied Esports Entertainment, the group that includes World Poker Tour (WPT), saw a big increase in revenue and a narrowing of operational losses in the most recent quarter.

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    Swintt, a B2B casino games provider led by former chief executive of NYX Interactive and JPJ Group's Vera&John David Flynn, has announced a strategic investment in Indian casino games developer RNGplay.

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    Better Collective has completed the acquisition of online gambling information website MyBettingSites.co.uk in a deal worth up to £2.2m (€2.4m/$2.7m).

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    Austrian gaming giant Novomatic has reported a 1.8% year-on-year fall in revenue for the first half of its financial year, with changes to gaming regulations in core markets such as Germany and Italy blamed for the decline. This led to significant increases in depreciation and amortisation, which drove down profit for the period.

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    Greek lotteries and gaming solutions provider Intralot has put a 7.6% year-on-year drop in reported consolidated revenue primarily down to declines within its B2C division, specifically in the Argentina and Bulgaria markets.

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    Online gambling revenue in the regulated Lithuanian market increased to €17.5m (£15.9m/$19.3m) in the first six months of 2019, while revenue from land-based gaming was also up year-on-year.

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    Revenue from Denmark's regulated online gaming market increased 6.1% year-on-year to DKK1.73bn (£210.2m/€232.0m/$256.1m) in the second quarter of 2019, with mobile growing in prominence and online casino's contribution close to overtaking sports betting revenue.

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    Scout Gaming Group has reported a year-on-year rise in operating loss for the first six months of 2019, despite seeing a rise in both revenue and net sales during the period.

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    Rhode Island’s regulated sports betting market has reported a 61.5% month-on-month decline in revenue for July. However, mobile betting may soon launch in the state, with a roll out planned for the start of the National Football League season.

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    US expansion costs have led to a significant increase in PointsBet's net loss for its financial year ended 30 June, though the Australian online sports betting operator was able to more than double revenue for the period.

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    One in ten young people in the UK are accidentally spending money on in-app purchases, while more than 95% of those aged between 11 and 18 currently use a gaming app on their mobile or tablet, according to a new report by the Safer Online Gambling Group.

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    Dutch gambling monopoly Holland Casino has reported a 12% year-on-year rise in revenue for the opening six months of 2019, aided by increased visitor numbers and customer expenditure.

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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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    A 0.8% fall in gaming services exports helped to push Macau into a technical recession in the second quarter of 2019, new figures from the gambling enclave’s Statistics and Census Service have revealed.

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    Toronto-listed gaming operator and supplier Bragg Gaming has launched a strategic review of its online media division, comprising its GiveMeSport and GiveMeBet assets, with a view to selling off the unit to focus on B2B operations.

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    Codere has retained its earnings guidance for 2019 despite a sharp fall in the value of the peso currency in Argentina, one of the operator’s key markets.

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