Finance Daily News

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    Venture capital fund Vereeni Investments has agreed a deal to purchase a 25% holding in Brazilian gaming content development studio Caleta Gaming for an undisclosed GBP seven-figure investment.

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    The Delaware Lottery has reported a second consecutive month-on-month decline in sports betting revenue in May, with consumers spending less on wagering.

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    Australian online sports betting operator PointsBet has raised AUS$75m (£40.9m/€45.9m/US$51.6m) after listing its shares on the Australian Securities Exchange (ASX). The operator said the move forms part of its growth plans, which include expansion in the US market.

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    The Kenyan Government has set out plans to introduce a new 10% tax on sports betting stakes as part of a wider effort to clamp down on problem gambling in the country.

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    Revenue from Delaware’s regulated igaming market rose to $313,648 (£247,112/€278,007) in May,  the highest monthly total of the year to date, despite players spending less online.

Newslines

Finance Analysis

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    Victor Espinosa believes that his company’s self-service terminal, originally conceived as a lottery ticket vending machine, could become a widely used solution in markets with a low level of internet penetration. Here he explains how Loto Punto was established, and the obstacles it faces in its native Colombian market.

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    The UK’s Advertising Standards Authority (ASA) is becoming increasingly strict in how it enforces a ban on sportspeople under 25 years of age being featured in gambling advertising. This should make operators think twice about how they advertise, especially around football, says Tom Edmonds of Northridge Law.

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    With a proprietary peer-to-peer platform, Wager aims to crack the conundrum of making sports betting truly social. Co-founder Leo Barnes shares the story behind its creation.

Finance Data

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    13 June 2019

    Italy’s regulated gambling market has been hit by a weaker performance from the sports betting vertical in May, according to the latest figures supplied by Ficom Leisure.

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    7 June 2019

    Spain's online gambling market enjoyed a strong first quarter, with February in particular a standout, driven by the strong performance of the sports betting vertical. 

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    6 June 2019

    Marking the first anniversary of the RP iGaming Index's launch, Regulus Partners' Paul Leyland looks at the factors that have led to gaming stocks largely underperforming over the past 12 months, and what needs to be done to make them a worthwhile investment. Stride Gaming is the stock in focus.

Finance Organisations

  • company

    Honoré Gaming is a software supplier of turnkey technological solutions for sports betting and horse racing operators.

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    Singular has years of experience in turning new and existing operators into successful market leaders.
     

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    A boutique executive search firm recognised across a wide range of industries for its outstanding track record in placing leadership talent.