Branschföreningen för Onlinespel (BOS), Sweden’s trade association for online gambling, has hit out at the national government’s approach to illegal gaming activities, saying imposing certain restrictions on licensed operators will allow illegal sites to increase their market share.
Gaming Innovation Group (GiG) has reported lower revenue and wider losses in the third quarter, primarily due to the ongoing impact of new regulations in Sweden, while the operator and supplier has also announced the permanent appointment of Richard Brown as its chief executive.
Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment costs from the company’s sale of the Rio All-Suites Resort & Casino for a lower fee than the company’s valuation.
Online betting and gaming platform provider GAN has reported a 222% year-on-year increase in gross operator revenue for the four months to October 31, 2019, primarily due to higher than expected demand for internet gambling in both New Jersey and Pennsylvania.
White label and gaming content provider Nektan has placed a further 2.5m shares with an investor on top of its earlier share placement that concluded in October, raising a further £125,000 (€145,297/$161,073).
Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has revealed that 127 people have so far accessed new, state-funded psychologist support for consumers affected by gambling-related problems.
Dutch Member of Parliament Roelof Bisschop of Christian Right political party the Dutch Reformed Political Party (SGP) has sponsored an amendment that would increase the nation’s gambling taxes in order to fund an expansion of Dutch student grant system.
ParionsSport, the sports betting brand of French gaming operator La Française des Jeux (FDJ), has agreed a deal to become an associate partner of the first regular-season National Basketball Association (NBA) game in France.