Daily news

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    Delaware’s legal sports betting market has reported a 91.1% month-on-month decline in revenue for January, with less player activity resulting in a decline in amounts wagered.

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    DraftKings has agreed a multi-year partnership with Caesars Entertainment that will give the operator access to a number of state gambling markets as and when regulation is passed.

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    Free-to-play sports games developer SportCaller has joined forces with fantasy sports giant FanDuel to support its expansion plans in the US.

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    The Virginia General Assembly has passed a bill that could legalise sports betting and allow land-based casinos to open in the state for the first time, with only Governor Ralph Northam left to sign the bill into law.

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    The Senet Group, the UK-facing responsible gambling organisation, has published its official response to the Gambling Commission’s consultation on a new national strategy, calling for greater clarification on key strategic themes.

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    The iDEA Growth trade association, which supports the expansion of regulated iGaming across the US, has become the latest organisation to submit a legal challenge to the Department of Justice’s (DoJ) revised opinion on the Wire Act.

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    Chinese online sports lottery provider 500.com has reported increased operating losses for 2018, despite experiencing a 73.7% year-on-year rise in revenue.

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    Webis Holdings subsidiary WatchandWager has renewed its online pari-mutuel betting licence in the US state of California for a period of two years.

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    Pennsylvania has reported its second consecutive month decline in revenue from its regulated fantasy sports market, with January's total falling 26% to $2.1m.

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    Lawmakers in Kentucky and North Dakota have advanced bills that would legalise various forms of sports betting in each state.

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    Online gaming affiliate and content marketing business Raketech has reported a year-on-year decline in profit for 2018, despite enjoying a 49.0% increase in revenue.

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    Affiliate giant Catena Media has appointed Fortuna Entertainment CEO Per Widerström to its board, with Göran Blomberg, chief financial officer at Swedish trade union group ICA Handlarnas Förbund, also joining. The pair will replace Henrik Persson Ekdahl and Andre Lavold.

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    Happy Friday igamers! This week, we marvel at the Daily Mail's latest expose of the sector, admire the barefaced cheek of one Aussie chancer down under and ask why the delay guys?

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    The Swedish gambling market saw revenue grow 1.5% in 2018, driven by growth in regulated and offshore igaming. Total revenue increased to SEK23.4bn (£1.9bn/€2.2bn/$2.5bn), with a 2.3% year-on-year decline in regulated market revenue to SEK16.7bn.

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    Nakisa Bidarian, the CEO of Fertitta Capital, has joined the Action Network’s board of directors after the private equity firm led a $17.5m (£13.4m/€15.4m) Series B funding round for the sports betting analytics provider.

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    Mobile games developer Gaming Realms has agreed to sell its B2C subsidiary Bear Group to River iGaming for a total consideration of £11.5m.

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    MGM Resorts International’s initiative to streamline the business and ramp up technology investment has prompted a number of changes to its executive team, with chief financial officer Dan D’Arrigo’s departure initiating a management reshuffle.

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    The Golden Nugget Atlantic City has launched its online and mobile sportsbook in New Jersey, with the SBTech-powered solution featuring markets on a range of different sports and competitions, as well as a number of special features.

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    Portugal has posted €152.1m in online betting and gaming revenue for 2018, the second full year of regulation in the country, up 24% on the prior year.

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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