Zeal Network has cited the acquisition of a record number of new customers as the main reason behind year-on-year financial growth in 2018, describing the year as a “milestone” 12 months for the lottery brokerage.
Zeal Network is preparing for major changes in its core German market, with its acquisition of Lotto24 to prompt a pivot away from lottery betting in the country. Chief executive Helmut Becker explains how the shift will position the business for future growth - and why lottery betting is far from dead.
Online lottery betting provider Multilotto and Swedish convenience store chain Direkten have joined forces to launch a new in-shop gaming platform. The service will now be rolled out in 30 shops across the country.
Camelot has rolled out an advertising campaign ahead of the upcoming launch of Set For Life, the new annuity game for the UK’s National Lottery that will pay jackpot winners £10,000 a month for the next 30 years.
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.
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.
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.
New Hampshire has launched a legal challenge against the US Department of Justice's revised opinion on the Wire Act, arguing that the new stance is not faithful to the text, structure, purpose, or legislative history of the legislation.
Finnish gaming monopoly operator Veikkaus has pledged to develop its digital offering over the next three years to ensure it doesn’t see profits cannibalised by offshore competition, after announcing slight declines in turnover and profit for 2018.
This week's State of the Union covers developments across the US, with bills progressing in a number of states, the New Jersey and Pennsylvania Attorneys General taking on the Wire Act, and Rhode Island edging closer to approving mobile wagering.