Online gambling revenue in Delaware fell to $246,092 (£191,479/€223,370) in October – the lowest monthly total of the year to date – primarily due to a sharp month-on-month decline in revenue at Dover Downs.
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.
Gaming solutions provider Inspired Entertainment has reported a 25.3% year-on-year decline in revenue to $26.6m (£20.7m/€24.1m) or the third quarter of 2019, a 25.3% year-on-year decline, which showed the business continues to suffer from the reduction in fixed-odds betting terminal (FOBT) stakes in the UK.
Atlantic City Mayor Marty Small Sr. has called for the city to receive a direct cut of sports betting tax in New Jersey, arguing it has played a key role in the success of the state’s regulated market.
New Zealand’s Racing Industry Transition Agency (RITA) reported revenue of NZD $348.0m (£123.6m/€144.2m/$158.7m) for the fiscal year ending July 31, down 3.1% year-on-year, as it missed its target for pre-distribution profit.
Banking group HSBC UK has joined forces with industry charities GamCare and GambleAware to develop and launch a new self-restriction tool to enable its customers to block gambling transactions on their accounts.
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.
Bragg Gaming Group has reported revenue of CAD$10.0m for the third quarter of 2019, while starting tomorrow, the business will have a new finance chief as bwin.party veteran Stephen Prowse takes over the role from Ashkay Kumar.
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.
Revenue from New York’s four commercial sportsbooks declined 4.4% month-on-month in October to $2.2m (£1.7m/€2.0m), though this still represented the second-highest monthly total since the launch of regulated retail wagering in July.
Denmark’s regulated gambling market has reported a marginal year-on-year decline in revenue, with declines in revenue from land-based gaming machines and sports betting offsetting growth in online casino.
Scientific Games has reported a 4% year-on-year increase in net revenue for the third quarter after growth across all of its business segments, which saw the supplier return to profitability for the period.
The Swedish Gaming Authority (Spelinspektionen) has reported a quarter-on-quarter increase in online gaming revenue for the three months to the end of September, but saw a decline in overall market revenue for the period.
Flutter Entertainment saw revenue increase 10% to £533m (€618.4m/$685.7m) for the third quarter of 2019, as FanDuel and Sportsbet’s successes in the US and Australia respectively offset a retail decline driven by fixed odds betting terminal (FOBT) regulation.