Daily news

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    Southern European and Latin American operator Codere was hit hard by novel coronavirus (Covid-19) in the first half of 2020, with the pandemic shuttering its land-based venues and the resulting lack of sports weighing down its online business.

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    Australian lotteries and gaming operator Tabcorp has launched an accelerated entitlement offer through which it aims to raise up to Aus$600m in new equity.

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    Australia’s Tabcorp has seen revenue fall 4.8% in its fiscal year ended 30 June, amid disruption caused by the novel coronavirus (Covid-19) pandemic, with a hefty impairment charge resulting in the operator swinging to a loss for the year.

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    GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    GVC Holdings has declared its support for a number of recommendations made by the House of Lords in regards to the gambling regulatory framework in Great Britain, including a call to accelerate the review of the 2005 Gambling Act.

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    A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.

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    The UK’s Advertising Association (AA) has rejected proposals from the Gambling Related Harm All Party Parliamentary Group (APPG) to ban all forms of gambling advertising, saying that such a move is not necessary at present.

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    More gamblers in Sweden have decreased play than increased during the novel coronavirus (Covid-19) pandemic, but more than a quarter of high risk customers are playing more according to a Lund University study.

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    Betting shops, gaming arcades and bingo halls across Italy have started to reopen after being shuttered as a result of the novel coronavirus (Covid-19) pandemic.

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    The GB Gambling Commission has reminded operators that its ban on the use of credit cards for gambling extends to payments made through ewallets and other money service businesses (MSB). 

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    Spanish gambling trade association the Consejo Empresarial del Juego (Cejuego) has hit out at the country's government over its decision to delay the reopening of gaming venues until phase three of the country’s exit from lockdown.

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    The Betting and Gaming Council (BGC), the body that represents Great Britain's betting and gambling industry, has urged the government to continue to be flexible as it prepares to taper off its novel coronavirus (Covid-19) furlough scheme in order to protect jobs in the sector.

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    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. 

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    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.

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    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.

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    The Betting and Gaming Council (BGC) has called on the Welsh government to extend the Business Rates Retail Discount to include betting shops, bingo halls and casinos in order to help protect industry jobs in the country.

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    The increase in remote gaming duty (RGD) from April 2019 led to significant hike in tax paid by Great Britain’s gambling licensees paid for the fiscal year ended 31 March 2020, mitigating a decline in machine gaming duty (MGD).

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    The Philippine Amusement and Gaming Corporation (PAGCOR) has said that the current restrictions enforced in the country due to novel coronavirus (Covid-19) are costing the association up to PHP6bn (£95.1m/€107.4m/$117.8m) a month.

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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