Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.
The GB Gambling Commission has reported a 0.5% decline in gross gambling yield (GGY) for the 12 months from October 2018 to September 2019, though this was mitigated in part by an increase contribution from online gaming. However, year-on-year comparisons reveal a 1.8% decline in online revenue.
Greyhound racing is set to return in the UK from 1 June, with betting content provider and racetrack operator Sports Information Services (SIS) preparing to offer coverage of events across eight tracks.
New Zealand’s Racing Industry Transition Agency (RITA) will cut 230 jobs, including 150 permanent staff, at the Totalisator Agency Board (TAB) as a result of the disruption caused by novel coronavirus (Covid-19).
Danish gaming operator Danske Spil has reported a marginal year-over-year increase in revenue for the first quarter of 2020, with declines in its igaming and gaming machine arms mitigated by growth in its lottery business.
Her Majesty’s Revenue and Customs (HMRC) has confirmed that it will not appeal a court ruling that determined value-added tax (VAT) was incorrectly applied to revenue earned from certain gaming machines prior to 2013.
Gambling tech giant Playtech has revealed it was able to perform as expected in the first quarter, experiencing a strong trading period despite its business being impacted by the novel coronavirus (Covid-19) pandemic.
GambleAware has called for authorities to increase and expand the amount of help available to problem gamblers in the UK after new research found that almost half of affected players are choosing not access treatment or support.
Inspired Entertainment has seen its acquisition of Novomatic's Gaming Technology Group contribute to a rise in Q1 revenue, though costs associated with the deal have resulted in the supplier posting a net loss of $17.4m for the quarter.
William Hill has reported a 57% year-on-year decline in net revenue during the seven weeks to 28 April as almost all areas of the bookmaker’s business were negatively impacted by the novel coronavirus (Covid-19) pandemic. However, the operator has significantly reduced outgoings and taken advantage of government support, and now expects the impact on earnings to fall below its initial projections.
Exclusive data from H2 Gambling Capital lays bare the decline in British betting and gaming gross win as a result of novel coronavirus (Covid-19), though iGB's principal data partner suggests the igaming sector should help the sector rebound.
The UK’s Betting and Gaming Council (BGC) has praised the government for its decision to extend the novel coronavirus (Covid-19) furlough scheme through to October, saying this will help to protect thousands of workers in the gambling sector.
Admiral Sportwetten, a brand operated by Novomatic subsidiary Löwen Entertainment, has announced that it will withdraw from the German retail betting market, blaming years of regulatory stasis for the move.