Swedish gambling operator Svenska Spel has revealed that it donated more than SEK4.3m (£343,084/€405,213/$446,417) to youth sports associations in the country through its ‘Prispallen’ initiative during 2019.
Interwetten boasted of the “most successful year in the company’s history” in its latest trading update, as gross gaming revenue (GGR) increased 25% to €99.5m in 2019, while turnover came to more than €2bn, up 30% year-on-year.
Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.
Canadian media business theScore posted a comprehensive loss of $4.1m during the first quarter of its financial year, primarily due to costs related to its ongoing expansion efforts across North America.
Spread betting and contracts for difference (CFD) provider IG Group Holdings has reported a year-on-year decline in revenue and profit in the first six months of its financial year, primarily due to the impact of new European Securities and Markets Authority (ESMA) regulations.
Affiliate marketing specialist XLMedia’s shares declined 29.4% as it announced recent changes to the Google rankings of its sites have led to a “significant decrease in traffic” that would hurt the company’s revenue.
GVC Holdings, owner of the Ladbrokes Coral and bwin.party businesses, has said that it expects to post a year-on-year increase in revenue for 2019, primarily due to growth within its online division offsetting a decline in its UK retail business.
Players in Pennsylvania spent a total of $1.26bn on legal sports wagering in the first half of the state’s 2019-20 financial year, while revenue for the regulated market reached $91.4m during the period.
Problem gambling funding body GambleAware has revealed that GVC Holdings pledged to donate the most money in the nine months to 31 December 2019, despite not adding to the amount it committed to in the first half of the year.
The Rank Group has said that it is likely to post better-than-expected operating profit for the 12 months through to 30 June, 2020, due to positive trading within its digital and Grosvenor Casino and international land-based venues businesses.