Daily news

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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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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    A slump in sports betting in the second quarter of 2019 led to a 7.85% quarter-on-quarter fall in gross gaming revenue (GGR) for the Spanish igaming market over the three months to the end of June.

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    The European Gaming and Betting Association (EGBA) remains confident of victory in a second court hearing over the Norwegian government’s bid to block payments to offshore igaming operators, despite failing in an initial case earlier this week.

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    Licensed operators in Sweden generated net revenue of SEK6.082bn (£510m/€560m/$630m) in the second quarter of the year, according to the national gambling regulator, Spelinspektionen. More than half of the market total came from operators in the country's regulated igaming market, while unlicensed operators saw their market share decline over the period.

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    Sportech will continue to focus on reducing costs and continuing its “digital transformation” in the second half of the year after its pre-tax loss widened on the back of flat sales in the six months through to the end of June.

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    Rank Group has confirmed flat sales and a 22% year-on-year fall in operating profit in its annual figures, despite digital growth driving an improved performance in the six months until 30 June.

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    Increased B2C revenue resulting from Playtech’s 2018 acquisition of Italy’s Snaitech offset a decline in B2B revenue for the gaming solutions giant in H1, though the deal also resulted in increased depreciation and amortisation, and financial costs, which hit profits.

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    PlanetWin365 operator SKS365 has been issued with a tax inspection report claiming that it owes €124m to the Italian authorities, having failed to declare significant revenue generated in the country's regulated gambling market.

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    Mississippi’s regulated sports betting market has recorded a month-on-month decline in revenue for July, with amounts wagered also down over the month.

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    Gambling.com Group chief executive Charles Gillespie has praised the affiliate marketing provider’s revenue growth in the second quarter despite earnings being squeezed by “regulatory headwinds” and a comparatively quiet sporting schedule.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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    The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. The bulk of revenue was generated from the Schenectady-based Rivers Casino & Resort, which opened its sportsbook on 16 July.

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    Affiliate giant Catena Media has seen revenue fail to meet internal targets for the second consecutive quarter, blaming tightening regulations in the UK and France, and a lack of improvement in the newly regulated Swedish market for its struggles during the period.

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    Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.

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    Pennsylvania’s licensed operators have generated revenue of $812,306 in the first sixteen days following the opening of the state’s regulated igaming market, with customers wagering almost $50m.

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