Daily news

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    H2 Gambling Capital's tracking of the cumulative impact of the pandemic on the global gambling sector has seen the biggest absolute fall in FY expectations for five weeks.

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    Esports betting operator Luckbox has raised more than CAD$3.8m, well above expectations, in the first tranche of a funding round ahead of its initial public offering on the TSX venture exchange, prompting the business to launch a new funding round.

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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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    Affiliate marketing business Net Gaming Europe has revealed it expects to report a net loss for the second quarter of 2020, primarily as a result of costs related to a restructuring of the business.

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    South African gaming and entertainment business Tsogo Sun Gaming said it lost an estimated ZAR400m in revenue as a result of the novel coronavirus (Covid-19) pandemic disrupting operations in its fiscal year ended 31 March, 2020.

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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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    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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    Macau casino junket operator the SunCity Group saw revenue for 2019 decline to RMB611.8m (£68.0m/€76.4m/$86.4m), while losses increased to RMB1.50bn due to another year of rising financial costs.

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    Esports betting operator Esports Entertainment Group has announced that it secured approximately $4.4m (£3.5m/€3.9m) from the exercise of warrants, further strengthening its financial position as it prepares to execute its expansion strategy.

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    Baltic-facing operator Enlabs has agreed a deal to purchase an additional 11.3m shares in Ninja Casino operator Global Gaming.

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    France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.

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    Westdeutsche Spielbanken (WestSpiel), the land-based operator owned by the German state of Nordrhein-Westfalen (North Rhine-Westphalia), made €136.8m in gross gaming revenue in 2019, up 27.0% year-on-year.

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    Intralot's losses drastically widened in Q1 of 2020, as B2C operations and management contract turnover fell by almost two thirds, leading to sharp drops in turnover and gross gaming revenue.

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    H2 Gambling Capital has provided the biggest downgrade to its annual outlook for the global gambling sector in three weeks as reopenings in Asia fell short of expectations

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    Australian gambling operator Tabcorp has reached an agreement with its US private placement note holders in regards to its financial planning for the ongoing novel coronavirus (Covid-19) pandemic.

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    Spread betting and contracts for difference (CFD) provider IG Group has said it expects to post higher-than-expected year-on-year revenue growth for its 2020 financial year, due to elevated financial market volatility and high levels of client trading activity in Q4.

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    Slots and payment solutions provider Everi Holdings has blamed first quarter losses of $15.4m (£12.2m/€13.8m) a decline in revenue resulting from the novel coronavirus (Covid-19) pandemic, and efforts to pay down net debt in the period.

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    Disruption caused by novel coronavirus (Covid-19) has badly hit Las Vegas Sands’ Sands China subsidiary, with the business revealing that revenue for April plummeted 98.7% year-on-year to just $9m in April.

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    Mobile games developer Gaming Realms has reported that the first quarter's revenue growth has continued into the first two months of the second, aided by continued growth in content licensing operations.

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    Camelot UK Lotteries has revealed the UK National Lottery was able to generate a record £7.91bn (€8.90bn/$9.90bn) in total ticket sales in its 2019-20 fiscal year, aided by significant year-on-year growth from its digital offering.

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