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The Ukrainian government’s conservative evaluations have estimated that the country’s gambling bill could bring in between UAH5bn (£154.4m/€178.7m/$192.8m) and ₴9bn, according to the country’s Minister of Finance.
While a limited understanding of the underlying tech and the consequences of their actions are undoubtedly stifling innovation and forcing operators to rethink entering some dot.country markets, not all the blame can be laid at the regulators' door, argues Phil Parry of Iforium
PointsBet has reported a 138% year-on-year rise in turnover during the first quarter, primarily due to its launch and subsequent expansion in the US, while the online sports betting operator has also revealed plans to raise AUD$122.1m through a share placing.
Greentube, the interactive division of Novomatic, has secured its first supply deal in the Croatian market with PSK.hr, an online casino brand owned by Fortuna Entertainment subsidiary Hattrick Sports Group.
Researchers in the Australian Capital Territory (ACT) have warned the state needs to have a serious discussion about the role of gambling in society after estimating that as much as 14% of its population has been negatively affected by gambling.
Sports betting solutions provider Kambi Group has reported a year-on-year rise in revenue for the third quarter, but saw its operating profit decline as a result of higher spending related to its US expansion efforts.
Unibet operator Kindred Group saw gross winnings revenue for the third quarter of 2019 declined 2% to £226.0m (€260.9m/$290.1m) while after-tax profits almost halved as struggles in Sweden hurt the company’s bottom line.
Through its acquisition of platform provider Optima, Sportradar can now claim to offer every link in the betting chain to clients. Chief executive Carsten Koerl and Optima boss Jacob Lopez talk Daniel O’Boyle through the deal
Comcast-owned media giant Sky said that a 18.2% decrease in advertising revenue in the third quarter of this year was largely due to the whistle-to-whistle ban on gambling advertising in the UK and new gambling advertising restrictions in Italy.
Dutch gambling monopoly Holland Casino has entered into a partnership with B2C marketing automation specialist Selligent Marketing Cloud with the aim of enhancing its omni-channel marketing efforts and boosting guest experiences.
Online gambling participation rates in Lithuania almost doubled between 2017 and 2019 according to new research commissioned by the Lithuanian Gambling Supervisory Authority, but the overall number of people gambling in the country declined.