Playtech has said that it is evaluating all options for its TradeTech Group after it revealed that struggles within the financials division during the 17 weeks to 31 October meant the business is set to miss its full-year earnings projections.
William Hill has put a year-on-year increase in revenue during the 17 weeks to October 29 to its ongoing expansion efforts in the US, with its activity in the country helping to offset further declines in its retail business following the changes in UK FOBT regulations.
Troubled operator Global Gaming reported an operating loss of almost SEK40m (€3.7m/$4.1m) during the third quarter of 2019 as it paid the price for its licence being revoked in Sweden, its main market.
Raketech saw revenue for the third quarter of 2019 decline 15.1% to €6.0m, while costs increased, as the affiliate marketing business' profits continued to suffer from the effects of Swedish re-regulation.
A bill to impose a new 5% tax on the annual gross income of Philippines Offshore Gaming Operators (POGOs) has moved a step towards passing into law, after it was passed by the House Ways and Means Committee.
Gambling operator Codere has altered its financial results for the first half of the year after an investigation into accounting inaccuracies uncovered a number of errors with the reporting for its Mexico, Colombia and Panama operations.
France’s Agence des participations de l’État (APE) has hailed the success of the initial public offering of gaming giant La Française des Jeux (FDJ), which could generate proceeds of €1.89bn for the state.
The Pennsylvania Gaming Control Board (PGCB) has reported a 0.4% month-on-month increase in sports betting revenue to $14.9m (£11.5m/€13.5m) for October, while igaming revenue was also up 19.5% to $4.9m for the month.
Licensed sports betting operators in New Jersey generated $46.4m in collective revenue for October, representing yet another new record total for the state, with market handle also hitting a new high of $487.9m.
Online gaming affiliate business Net Gaming Europe has put a year-on-year drop in revenue, earnings and profit in the third quarter down to ongoing struggles related to new regulations in a number of European markets.