International Game Technology (IGT) has reported a marginal decline in revenue to $1.15bn for the third quarter of 2016, 0.3% below last year’s figure, but profit increased more than four-fold, as foreign exchange gains more than offset higher operating costs.
Online lottery brokerage Zeal Network has warned that full-year revenue and earnings are likely to fall significantly from the prior year, following its acquisition of Lotto24 and the pivot of its Tipp24 business from lottery betting to brokerage.
A cultural shift in the industry has seen operators look to ramp up their responsible gaming controls, with many bringing in external help to do so, writes Daniel O’Boyle. But can external consultants really play a role in changing company culture?
The current licence terms for the Irish National Lottery are limiting the amount of funds raised for good causes in the country, with a new report by Dublin City University suggesting that up to €43m (£36.9m/$47.4m) is being lost.
Lottery platform provider 500.com’s revenues fell 67.6% to RMB9.8m for the third quarter of 2019 as migration to a new website in Sweden and the cessation of sports information services in China had a major impact the business' balance sheet.
Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has issued a warning to consumers in the country over fake lotteries and online fraud, advising them to fully research the operator before purchasing tickets.
Proposals by Brazil’s national bank, Caixa Econômica Federal (CAIXA), to apply a series of price rises across its lottery products have been approved by the Secretariat of Evaluation, Planning, Energy and Lottery (SECAP).
Brazil’s Investment Partnership Programme (PPI) has awarded a consortium comprising International Game Technology and Scientific Games the tender to operate the state-owned instant win gaming business Loteria Exclusiva Instantânea (Lotex).
More than 40% of Welsh students aged 11-16 said they gambled in the last year, though activity was predominantly centred around fruit machines and the National Lottery, according to a new study from Cardiff University.