Flutter Entertainment saw revenue increase 10% to £533m (€618.4m/$685.7m) for the third quarter of 2019, as FanDuel and Sportsbet’s successes in the US and Australia respectively offset a retail decline driven by fixed odds betting terminal (FOBT) regulation.
Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment costs from the company’s sale of the Rio All-Suites Resort & Casino for a lower fee than the company’s valuation.
Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has revealed that 127 people have so far accessed new, state-funded psychologist support for consumers affected by gambling-related problems.
Dutch Member of Parliament Roelof Bisschop of Christian Right political party the Dutch Reformed Political Party (SGP) has sponsored an amendment that would increase the nation’s gambling taxes in order to fund an expansion of Dutch student grant system.
Dumitru Mihalescul, member of the Romanian Chamber of Deputies, has called for tighter gambling regulations in the country in a parliamentary question to the head of the country’s National Office for Gambling, Marius-Sebastian Ionescu.
PokerStars has become the first online poker brand to go live in Pennsylvania after it launched in the state in partnership with Fox Bet, the joint venture between its parent company The Stars Group and broadcaster Fox Sports.
iGaming content developer and aggregation platform provider Relax Gaming has named former Kindred Group executive Tommi Maijala as its new chief executive, with his predecessor Daniel Eskola shifting to a new role as chief commercial officer.
Unibet has signed a multi-year partnership with the National Football League’s (NFL) Philadelphia Eagles that will see Kindred Group brand heavily featured around the team’s stadium and digital assets.
Despite fierce competition, Relax Gaming chief product officer Simon Hammon believes there are still opportunities for smaller studios to disrupt the market leaders - but only with effective game distribution.