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Finance » Online Gambling
  • 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
    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
    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
    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

    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
    10 October 2019

    Betfred pays £322,000 over failings in fraudster case

    Petfre (Gibraltar) Limited, the online gambling operator trading as Betfred, has agreed a £322,000 (€357,588/$393,887) settlement GB Gambling Commission after it failed to carry out appropriate checks on a customer who gambled £210,000 of stolen money through its site.

  • daily_news
    10 October 2019

    Betsson offloads Global Gaming stake

    Gambling operator Betsson AB has confirmed that it has sold its stake in Global Gaming. Betsson acquired the minor shareholding in June, but offloaded the stake a matter of weeks later.

  • daily_news
    10 October 2019

    Dutch regulator issues fines to LeoVegas and Royal Panda

    Dutch gambling regulator Kansspelautoriteit (KSA) has handed fines to LeoVegas and its Royal Panda brand for offering online games of chance in the Netherlands without a gaming licence.

  • daily_news
    10 October 2019

    Offshore operators cut Norwegian TV advertising spend

    Norway’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) has revealed a 19% year-on-year decline in advertising spending by offshore operators over the past year, with plans in motion to stamp this out entirely.

  • daily_news
    9 October 2019

    GVC warns of Q3 revenue decline amid UK retail struggles

    GVC Holdings has forecast a 1% year-on-year drop in net gaming revenue for the three months to the end of September 2019, with the operator anticipating a double-digit decline in UK retail revenue following the cut in maximum B2 machine stakes.

  • daily_news
    9 October 2019

    Kenyan gambling struggles expected to hit M-Pesa revenue

    The Kenyan government's struggles with the country's betting and gaming industry will hit mobile network operator Safaricom's revenue, with the contribution from its M-Pesa mobile payments solution set to decline, according to analysts for investment bank Genghis Capital.

  • daily_news
    9 October 2019

    Irish bookies granted tax relief in 2020 budget

    The Irish Government has confirmed in its 2020 Budget that bookmakers in the Republic of Ireland will receive a relief of up to €50,000 from the 2% turnover tax levied on betting in the country.

  • daily_news
    8 October 2019

    Aspire Global completes acquisition of Pariplay

    Online gaming solutions provider Aspire Global has finalised its acquisition of B2B supplier Pariplay. Aspire Global has purchased 100% of the shares in GMS Entertainment Ltd, the owner of Pariplay, for €13.1m in cash.

  • daily_news
    8 October 2019

    RWA dismay as Tasmania confirms 15% PoC tax

    The Tasmanian Government has announced that it will introduce a new Point of Consumption (PoC) tax on wagering from 1 January, 2020, but Responsible Wagering Australia has criticised the move saying it could harm the racing industry in the Australian state.

  • news_analysis
    8 October 2019

    Big, bigger, biggest – gambling’s consolidation game

    Flutter Entertainment's mega-merger with The Stars Group is likely to be the first deal in the latest wave of industry consolidation, with investment bankers eager to spearhead more M&A activity. While this may disrupt the growth trajectories of some of the sector's leading lights, it's unlikely to stop any time soon, writes Scott Longley. 

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