Colombian gambling monopoly Coljuegos’ collections from online gambling licensees grew 106.3% for the year ending 31 October to COP65.97bn, as it took in a total of took in COP617.21bn from all licensees, a 15.5% increase.
France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover. The budget amendments still require approval from the National Assembly before they can come into law.
Despite the intrinsic uncertainty and risk posed by yet another UK general election, the Index kept pace with the NASDAQ in the period, with stocks in focus Stars and Flutter the biggest gainers ahead of their proposed merger. By Regulus Partners
Norway’s gambling regulator Lotteritilsynet has revealed that it will have greater power to block transactions to and from unlicensed operators in the country as a result of amendments to laws on payments.
Online gaming solutions provider River iGaming will focus more on B2B operations after the division performed ahead of expectations in the third quarter, but has sought advice on strategic alternatives for its B2C business after it fell short of targets.
Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year's £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.
Payments and Know Your Customer (KYC) solutions provider iSignThis has launched legal action against the Australian Securities Exchange (ASX) over the decision to suspend, then fail to reinstate, trading of its shares.
Danish gambling regulator Spillemyndigheden has ordered 888 to improve its anti-money laundering processes after ruling that the online gaming operator’s licensed subsidiary in the country fell short of requirements set out in the national Money Laundering Act.
The Lithuania Gambling Supervisory Authority has revealed that turnover from regulated lottery gaming in the country during the nine months to 30 September 2019 climbed 10.1% year-on-year to €82.3m (£70.2m/$91.2m).