Daily news

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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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    New figures released by the Polish Ministry of Finance reveal that while the country has seen gambling revenue decline for the year to date, newly regulated products helped mitigate falls in online betting and land-based gaming.

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    Czech gaming conglomerate Sazka Group has reported an 11.5% year-on-year decline in gross gaming revenue for the first quarter of 2020, after the business’s retail gaming operations were disrupted by the novel coronavirus (Covid-19) from mid-March.

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    Greek gaming operator OPAP said a shutdown of its retail network as a result of the novel coronavirus (Covid-19) pandemic led to a year-on-year decline in revenue and profit during the first quarter.

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    Sazka-owned Greek gaming giant OPAP has reopened its Play gaming hall chain today (8 June), with video lottery terminals hosted across the rest of its retail network also going live for customers.

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    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.

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    Greek gambling operator OPAP has appointed chief commercial officer Jan Karas as acting chief executive while it seeks a permanent replacement for the outgoing Damien Cope.

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    Greek gambling operator OPAP is to reopen its network of retail stores across the country after the national government lifted certain restrictive measures related to the novel coronavirus (Covid-19).

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    The long-running dispute between Nigeria’s gambling regulator the National Lottery Regulatory Commission (NLRC) and the Lagos State Lottery Board (LSLB) could resume after the state regulator blacklisted a number of operators licensed by its federal counterpart.

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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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    Sazka Group believes it is coming to the end of the disruption caused by the novel coronavirus (Covid-19) pandemic, but says the rapidly evolving situation makes it difficult to determine the crisis' economic impact on the business.

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    Intralot believes the impact of novel coronavirus (Covid-19) on the business is yet to reach its peak, and does not expect to return to normal levels of activity until November this year.

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    Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.

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    Greek gaming operator OPAP has begun the process of identifying a successor to chief executive Damian Cope, who is to step down from the role when his four-year contract comes to an end.

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    Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.

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    Loto-Québec has switched its focus to online after it temporarily suspended retail sales in response to provincial government measures to slow the spread of novel coronavirus (Covid-19).

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    French gaming giant La Française des Jeux (FDJ) has projected 5% growth in both player stakes and revenue for 2020, after a “landmark” 2019 that saw the operator list on the Euronext Paris and net revenue rise to €1.96bn.

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    The Global Lottery Monitoring System (GLMS), the sports betting integrity body for the lottery industry, has revealed that it flagged 157 matches to its partner network for potentially suspicious activity in 2019, with football once again dominating.

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    The GB Gambling Commission has announced that it will introduce a ban on the use of credit cards for all forms of online and land-based gambling from 14 April.

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    Online gaming revenue generated by operators across the European Union (EU) in 2018 amounted to €22.2bn (£18.7bn/$24.6bn), with the market expected to grow to almost €30bn by 2022.

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