Daily news

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    PokerStars hopeful of favourable outcome in most US populated state thanks to tribe and card room partnership.

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    Online casino games provider Net Entertainment has cited its success in the European market as one of the main drivers behind year-on-year growth in revenue and operating profit during the three months to March 31, 2014.

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    French online betting and gaming operator PMU has reported that despite a year-on-year drop in sales during the first quarter of 2014, its activity in the period “was in line with expectations”.

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    The Astra Gaming Group, the UK subsidiary of Austrian Gaming Industries, part of the Novomatic Group, has acquired a majority holding in live dealer gaming solutions provider Extreme Live Gaming.

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    Online gambling operator 888 Holdings has cited growth in its core markets as the main reason behind record quarterly revenue for the three months to March 31, 2014.

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    Online gaming operator bwin.party has said that the business is continuing to deliver “sequential” growth despite having suffered a year-on-year fall in revenue during the three months to March 31, 2014.

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    Legal administration firm Garden City Group, the company responsible for administering remissions to US customers of online poker brand Full Tilt Poker, has announced a further $5 million (€3.6 million) has been sent to players.

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    The Nevada Gaming Control Board has announced that the three online poker websites currently live in the US state have generated just $8.5 million (€6.2 million) in revenue since the launch of a regulated internet poker service in Nevada.

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    Gaming industry entertainment solutions provider Amaya Gaming Group said its results for the 12 months to December 31, 2013, were “slightly below guidance” despite having doubled revenue.

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    Online gaming and betting provider mybet Holding said the 2013 financial year proved to be “deeply unsatisfactory” for the company after it was unable to meet a number of its targets.

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    Gaming products designer and manufacturer International Game Technology (IGT) has announced it is to cut 7% of its global workforce as part of a cost-saving measure.

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    Online gambling operator 888 Holdings said it was able to achieve record turnover in the 12 months through to December 31, 2013, due to the performance of its brands, platforms and marketing systems.

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    Online poker brand Full Tilt Poker has announced the distribution of $76 million (€55.2 million) to approximately 27,500 US customers of the poker website.

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    The Autonomous Administration of the State Monopolies (AAMS) Italian gaming authority has reported that the country’s regulated online poker market is continuing to decline.

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    Delaware and Nevada want to “push forward as quickly as we can” with the online poker liquidity sharing agreement but non-committal on Sen. Heller's federal initiative.    

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    In typical Playtech style, the igaming giant sets out its betting stall, Betfair links up with Snapchat, Spain should beware not regulating slots and some media not so eagle eyed. 

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    The Danish Gambling Authority (Ministry of Taxation) has revealed that gross gaming revenue in the country increased from DKK2.045 billion (€273 million/$375 million) in 2012 to DKK2.375 billion in 2013 despite a sharp fall in online poker revenue.

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    We've got an ICE special edition for you this week with some of the juiciest gossip from the show.

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    The newly-regulated US igaming market is set to generate US$300m in gross win in 2014 and remains a good bet for operators despite its recent tentative start, data specialist H2 Gambling Capital has revealed, adding that much of its growth resides

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