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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    The British Horserace Betting Levy Board (HBLB) has invited bookmakers to consider whether to maintain or revise their monthly levy payments, after forecasting better-than-expected income since the resumption of racing.

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    Igaming content developer and distributor Gaming Realms has reported a 65.9% year-on-year rise in revenue for the first half of 2020, which in turn helped the business report positive earnings for the period.Ig

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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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    German gaming giant Gauselmann Group has reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    888 Holdings has appointed Yariv Dafna as its new chief financial officer, replacing Aviad Kobrine, who announced his departure in January.

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    Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.

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    Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement.

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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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    New Zealand casino operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.

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    GVC Holdings has announced the launch of a multi-million pound investment programme to support and promote grassroots sports across the UK.

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    Mobile gaming platform Skillz Inc will go public on the New York Stock Exchange through a merger with special purpose acquisition company Flying Eagle Acquisition Corp.

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    Basketball icon Michael Jordan is to take an equity interest in DraftKings, in exchange for becoming a special advisor to the operator’s board of directors.

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    Online gambling operator PointsBet has set out details of a new capital raising, through which it hopes to generate AU$303m (£166.5m/€187.6m/US222.5m) in additional funds.

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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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    Casino junket and integrated resorts operator SunCity Group has reported a 69.5% year-on-year decline in revenue for the first half of 2020, though fair value gains related to its convertible bonds significantly reduced the business’ net loss for the period.

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    The Genting Malaysia division of conglomerate Genting Group has posted a loss of MYR1.4bn (£371.0m/€416.8m/$499.9m) for the first half of the year, due to the temporary closure of its leisure and hospitality facilities as a result of the novel coronavirus (Covid-19) pandemic.

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    Casinos Austria International (CAI), Casinos Austria's subsidiary that operates venues in other countries, swung to a loss for the first half of 2020 as revenue fell by more than 30% to €52.8m, but said recovery has been strong since its venues reopened.

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