GVC Holdings has revised its full year profit projections upwards for the second time this year after the operator’s online and European retail growth helped offset a weaker performance from its UK retail arm.

The German state of Hesse is gearing up to begin the process to award the country’s sports betting licences, with analysts warning that operators could see up to 70% of revenue disappear as a result of the restrictive operating model.

Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.

Lower Austria, the country’s largest state, has submitted sports betting legislation to regulate online and retail betting to the European Commission.

The number of UK consumers complaining about gambling operators has increased by almost 5,000% over the last five years, according to Gambling Commission figures obtained by BBC’s Panorama programme.

William Hill has cited a reduction in the maximum stake on fixed-odds betting terminals in the UK and costs associated with its expansion efforts in the US as the primary reasons behind a year-on-year dip in adjusted operating profit for the first half.

Flutter Entertainment has reported an 18% year-on-year increase in group revenue during the first half of 2019, but also saw profit before tax slip 24%.

Scientific Games has reported a year-on-year increase in revenue for the first six months of 2019, while the supplier was also able to halve its net loss for the period.

The GB Gambling Commission has handed Ladbrokes Coral a penalty package of £5.9m (€6.4m/$7.2m) for systematic failings related to social responsibility and anti-money laundering measures, while investigations into the actions of personal management licence-holders continue.