Daily news

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    The British Horseracing Authority (BHA) has warned that the racing industry in Great Britain faces a “severe threat” after the return of spectators to events was delayed due to an increase in novel coronavirus (Covid-19) cases.

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    Aspire Global has struck a deal to acquire sportsbook technology provider BtoBet for €20m (£18.3m/$23.6m), allowing the supplier to extend its business into the sports betting vertical.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a 5.8% year-on-year increase in revenue in August, driven by igaming and sports betting growth.

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    The Mississippi Gaming Commission has reported a 27.6% year-on-year rise in sports wagering revenue in August, as the US state’s handle more than doubled.

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    Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m.

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    Oregon’s SBTech-powered betting app scoreboard took in revenue of $1.7m, up 6.6%, in August, and set a new record for turnover at $25.8m, up 83.8%.

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    Canadian betting and sports media business theScore has received final approval to list on the Toronto Stock Exchange as of tomorrow (15 September), graduating from the TSX Venture Exchange.

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    Swedish gambling revenue for the second quarter of 2020 fell 4.1% to SEK5.94bn (£530.6m/€572.4m/$687.9m) as a 3.6% increase in online gambling revenue was not enough to offset the effects of the novel coronavirus (Covid-19) on the land-based sector.

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    The Iowa Racing and Gaming Commission (IRGC) reported a month-on-month rise in sports betting revenue for August, while the US state also saw its handle more than double during the month.

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    Betting technology supplier Sportech's losses widened five-fold in the first half of 2020 as the impact of the novel coronavirus (Covid-19) led to a 38.7% drop in revenue to £20.2m (€22.2m/$26.3m).

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    Danish gaming operator Danske Spil saw revenue decline 7.8% year-on-year to DKK2.30bn (£281.1m/€309.1m/$365.2m) for the six months to 30 June, though like-for-like profit fell by just 2.9% thanks to a strong period for its lottery division and lower costs.

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    US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown.

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    A total of $79.4m was bet on the 2020 Kentucky Derby, down 52.0% from 2019’s record handle, according to Churchill Downs Incorporated (CDI).

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    Creditors of stricken South African horse racing operator Phumelela have voted to accept a business rescue deal from Mary Oppenheimer Daughters (MOD), effectively rejecting a takeover bid from British operator Betfred.

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    The DC Lottery has revealed that sports wagering revenue in Washington D.C in July amounted to $142,279, after handle for the month rose to $741,450.

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    The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.

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    The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown.

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    PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise an additional Aus$300m (£165.1m/€184.4m/US$219.3m) in capital.

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    Sports wagering revenue in Delaware reached just $12,114 in July, in the first figures released by the Delaware Lottery since March, due to disruption caused by the novel coronavirus (Covid-19) pandemic.

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    Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department of Revenue.

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