Gambling software supplier GAN’s gross operator revenue increased 171.3% year-on-year to $315.6m in 2019 thanks to the growth of legal gambling in the US, according to the company’s Q4 key performance indicators.
Betting services supplier Sports Information Services (SIS) saw a reduction in profits during the most recent financial year due to the challenges in the retail betting market and an increase in expenditure and investment.
Sweden’s gambling regulator, Spelinspektionen, has asked the Ministry of Finance to increase the maximum penalty that may be imposed upon a gambling operator in violation of the country’s Money Laundering Act from €1m (£847,686/$1.1m) to 10% of th
Mississippi Gaming Commission figures reveal that the state’s sports betting market has seen revenue more than double year-on-year in November, though the monthly total fell sharply from October’s record sum.
The annual mainstream media feeding frenzy sparked by Bet365's annual results, and its chief executive's pay, betrays some glaring double standards, and almost suggests there is little to be gained from more transparency, writes Scott Longley.
Online lottery brokerage Zeal Network has announced that its earnings before depreciation, amortisation, and exceptional items (EBITDA) for the fiscal year 2019 are expected to surpass its initial forecasts.
Australian online gambling operator Betchoice, trading as Unibet in the country, has been ordered to pay Aus$25,000 (£13,052/€15,372/US$17,115) in fines and costs for illegally offering gambling inducements to consumers in New South Wales.
Licensed online gambling operators in Delaware posted $376,331 in collective revenue for November, the second-highest monthly total of the year so far and a significant improvement on the year-low of $246,092 in October.
Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.
Bet365 has reported a 9.7% year-on-year rise in betting and gaming revenue, while increased marketing costs and new efforts to enhance responsible gaming controls failed to slow profit growth for the financial year ended 31 March, 2019.