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Finance
  • daily_news
    23 October 2019

    Philippines to consider new 5% tax on POGOs

    A lawmaker in the Philippines has proposed a new 5% tax on revenue generated by the country’s licensed online gaming operators, with the move securing the backing of the country’s finance secretary Carlos Dominguez III.

  • article
    23 October 2019

    Italy iGaming Dashboard: October 2019

    A solid casino performance and the second calendar month of action in Europe's major football leagues pushed the Italian igaming market to a return of €146.3m in revenues last month, representing an approximate 8% year-on-year improvement

    Subscriber content
  • daily_news
    23 October 2019

    Veikkaus dismisses reports of €11bn gaming machine turnover

    Finnish gaming monopoly Veikkaus has denied local media reports suggesting that players are spending as much as €11.0bn (£9.51bn/$12.22bn) across is gaming machine estate, arguing the reported figures do not offer a true representation of its actual sales.

  • daily_news
    22 October 2019

    Italy to increase VLT and AWP taxes

    The Italian government has announced an increase in the taxes on video lottery terminals (VLTs) and Comma 6A Amusement with Prize slot machines.

  • daily_news
    22 October 2019

    Latvia proposes slot and table game tax increases

    The Latvian parliament has submitted a proposal for the country's 2020 budget to increase gaming taxes levied on land-based gambling in the country.

  • daily_news
    21 October 2019

    FDJ secures regulatory approval for November IPO

    French gaming operator La Française des Jeux (FDJ) has secured approval from the country’s stock market regulator to proceed with its initial public offering (IPO), in a move that marks the first step towards the privatisation of the business.

  • daily_news
    21 October 2019

    Nektan announces fourth extension to fundraising drive

    White label and gaming content provider Nektan has extended the deadline for orders for a placing to raise £3.0m in working capital for the fourth time, after revealing that certain parties were proposing “unacceptable” terms in return for investment.

  • daily_news
    21 October 2019

    Camelot withdraws £10 scratchcards from retailers

    Camelot UK Lotteries, operator of the UK’s National Lottery, has confirmed that it has stopped selling £10 category scratchcards as part of an effort to tackle problem gambling.

  • daily_news
    18 October 2019

    Pennsylvania sports betting, igaming revenue up in September

    Licensed sportsbook operators in Pennsylvania generated collective revenue of $14.9m (£11.5m/€13.4m) in the second full month of regulated sports wagering, while interactive gaming revenue in September amounted to $5.3m.

  • daily_news
    18 October 2019

    MGM Resorts to sell Bellagio and Circus Circus for over $5bn

    Casino operator MGM Resorts International has agreed to sell its iconic Bellagio Las Vegas property and form a joint venture with Blackstone Real Estate Income Trust, in a deal worth $4.25bn. MGM has also struck a deal to sell Circus Circus for $825m to an affiliate of Treasure Island owner Phil Ruffin.

  • daily_news
    16 October 2019

    New Jersey smashes revenue and handle records in September

    New Jersey’s sports betting market has enjoyed its strongest month since launch, with amounts wagered more than doubling year-on-year and revenue climbing to a record $37.9m in September.

  • daily_news
    16 October 2019

    Delaware sports betting revenue hits $2.2m in September

    Sports betting revenue in Delaware amounted to $2.2m in September, which is the highest monthly total so far this year but down 31.5% on the same month in 2018.

  • daily_news
    16 October 2019

    GVC tops GambleAware funding pledges in first half

    Problem gambling funding body GambleAware has revealed that GVC Holdings topped its list of pledges for the six months to 30 September 2019, with the Ladbrokes Coral owner committing a total of £1.46m (€1.69m/$1.86m) during the period.

  • daily_news
    16 October 2019

    PMU revenue down in Q3 despite ongoing French racing growth

    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

  • daily_news
    15 October 2019

    Rank reveals digital and Grosvenor venues growth in Q1

    Rank Group has reported an 8% year-on-year increase in gross gaming revenue for the three months to 30 September 2019, after it was boosted by growth in its digital arm and Grosvenor Casino land-based business.

  • daily_news
    15 October 2019

    Delaware igaming revenue climbs to year-high in September

    Revenue in Delaware’s online gaming market climbed to a year-high of $384,830 in September, despite consumers spending less on a month-on-month basis.

  • daily_news
    15 October 2019

    Catena Media makes final payment in ASAP Italia deal

    Affiliate marketing company Catena Media has made the final payment as part of its purchase of ASAP Italia.

  • daily_news
    15 October 2019

    S&P downgrades Codere to 'B-'

    Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).

  • daily_news
    14 October 2019

    Iowa sports betting revenue hits $4.96m in first full month

    Sports wagering revenue amounted to $4.96m in the first full month of regulated activities in Iowa, with online betting the most popular form of gambling in the state.

  • daily_news
    14 October 2019

    NY sportsbook revenue more than doubles again in September

    New York’s four licensed sports betting operators took in a combined $2.3m in sports betting revenue, up 175.3% month-on-month, as two casinos published their first full-month revenues for the vertical.

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