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.
Latvia gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has announced details of a new initiative whereby consumers suffering with gambling-related problems can access state-funded psychologist support.
GambleAware has agreed a deal for data and analytics specalist ViewIt UK to operate and manage the information system for the National Gambling Treatment Service as part of a wider effort to tackle gambling-related harm in the UK.
Following the news that its Swedish operating licence had been revoked, Global Gaming has pledged to fight the decision. Earlier today Swedish regulator Spelinspektionen cited significant failings in the operator's social responsiblity and anti-money laundering controls as grounds for removing the certification.
Australian gaming machines and content provider Ainsworth Game Technology has warned that it is likely to miss financial targets for the second half of its 2019 financial year, with its current performance failing to meet expectations.
Paddy Power Betfair has reported a 17% year-on-year increase in revenue for the first quarter of 2019, with strong growth in its US and Australian operations offsetting a decline in online sports betting revenue.
The UK Gambling Commission and Competition and Markets Authority (CMA) have published a joint letter calling for operators to pay closer attention to consumer protection law to help ensure players have access to a fair and transparent market.
Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.