Daily news

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    News of significant reopenings and sporting restarts in June saw a slight rebound in H2 Gambling Capital’s expectations for the European and Asian markets in 2020.

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    Lithuania’s land-based casino industry faces a “very high” risk from money laundering, while the remote gambling sector faces a high risk, according to a risk assessment carried out by the country’s government.

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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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    Spanish gambling operator Cirsa has reported a year-on-year drop in operating income and operating profit for the first quarter, primarily due to the closure of land-based gaming facilities across a number of markets as a result of the novel coronavirus (Covid-19) pandemic.

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    Sweden's liicensed gambling operators reported revenue of SEK5.90bn in the first quarter of 2020, down 1.4% from 2019, according to new figures from regulator Spelinspektionen and the Swedish Tax Agency.

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    Sweden’s Minister for Social Security Ardalan Shekarabi has put forward an amended set of temporary restrictions on gambling in which he aims to make horse and sports betting exempt from an SEK5,000 weekly deposit limit.

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    Scientific Games has appointed Michael Eklund as its new chief financial officer, replacing Michael Quartieri in the role.

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    International Game Technology (IGT) has announced the launch of its cashless gaming technology at Svenska Spel venues across Sweden.

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    Australian gaming machine supplier Aristocrat Leisure has said a deferred tax asset of approximately AUD$1.0bn (£537.8m/€598.2m/US$657.7m) meant it was able to post $1.6bn in comprehensive profit for the first half of its financial year.

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    The American Gaming Association (AGA) has urged the US government to raise the slot jackpot reporting threshold, which requires machines to be temporarily taken out of production while large jackpot winners complete a tax reporting form.

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    The conclusion of the legal dispute over the payment of value-added tax (VAT) on revenue generated from gaming machines has led to GVC Holding revealing that it expects to see up to £200m repaid.

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    Her Majesty’s Revenue and Customs (HMRC) has confirmed that it will not appeal a court ruling that determined value-added tax (VAT) was incorrectly applied to revenue earned from certain gaming machines prior to 2013.

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    Lucky Casino operator Glitnor Services has been fined SEK400,000 by Swedish gambling regulator Spelinspektionen, after it was found to have offered games not permitted under the country’s Gambling Act.

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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 Danish Gaming Authority (Spillemyndigheden) has reported a 5.0% year-on-year decline in gambling revenue for the first quarter of 2020, days after revealing that land-based closures had not led to an increase in online play.

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    More people in the UK have stopped gambling under lockdown than started or increased play, according to new data from the British Gambling Commission, though the regulator warned that evidence suggested session length for existing customers had risen.

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    Gaming technology supplier AGS has said that enforced closures as a result of the novel coronavirus (Covid-19) global pandemic were to blame for it posting a loss of $22.6m (£18.4m/€20.9m) in the first quarter.

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    H2 Gambling Capital has downgraded its 2020 expectations for global gambling gross win to $375.9bn, nearly $100bn or 20.6% below its pre-outbreak forecast

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    Aspire Global has put a 1.5% year-on-year rise in revenue in the first quarter primarily down to an increase in demand for its products in the UK, Irish and wider European markets, though the gaming solutions supplier saw net profit drop during the period.

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    Casino games specialist NetEnt has entered the Croatian gaming market for the first time, rolling out content and marketing solutions for a trio of partners.

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