Legal Daily News

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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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    International Game Technology has extended its supply deal with the DC Lottery, which will see it provide instant win games and related services to the Washington DC-based lottery until December this year.

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    Australian operator PointsBet has joined forces with sports entertainment community Topgolf to offer punters premium sports betting experiences across the state of New Jersey.

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    Incoming Illinois Governor J.B Pritzker has raised hopes of legal sports betting in the state after including $200m in future tax revenue from wagering activities in his 2020 budget proposal.

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    UK’s leading credit providers have vowed to play their part in minimising problem gambling after the Gambling Commission announced the launch of a consultation on gambling with credit. UK Finance, a body which represents more than 250 firms across the UK’s finance and banking industry, will submit evidence to the regulator's new investigation

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    Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.

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    The UK Minister for Sport and Civil Society has backed a new safer gambling campaign that will launch this weekend to help remove the stigma around gambling addiction and give people more courage to say they need help.

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    England’s Ascot Racecourse has agreed new international media rights deals with specialist racing broadcaster At The Races and multi-channel content supplier Sports Information Services.

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    Australian gambling operator Tabcorp has joined forces with Scientific Games on a new project to strengthen its keno offering in land-based venues across the country.

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