Daily news

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    MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income increased more than 500-fold because of the sale of the MGM Grand and Mandalay Bay venues.

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    Nevada casinos brought in $1.04bn in revenue while sportsbook revenue grew to $38.1m in the last full month before the novel coronavirus (Covid-19) pandemic led to a near-total shutdown of casinos and global sport.

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    Land-based gaming operator Boyd Gaming has suspended its quarterly cash dividend due to the continued effects of the novel coronavirus (Covid-19) pandemic.

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    The American Gaming Association (AGA) has hailed the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the US Senate, saying it would help prop up the gaming industry during the novel coronavirus (Covid-19) pandemic.

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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    Catena Media-owned affiliate site AskGamblers has revealed that it was able to help players to recover a record $8.8m (£7.4m/€8.1m) in unpaid online casino winnings in 2019.

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    Gambling software supplier GAN has reiterated its confidence in its 2020 forecast, which projected revenue of $37m-$39m, even as the novel coronavirus (Covid-19) affects its sports betting vertical.

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    Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic.

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    The Philippine Amusement and Gaming Corporation (PAGCOR) has released an additional PHP6bn (£100.8m/€109.4m/$118.0m) in funds to the country’s government to help support national efforts related to the novel coronavirus (Covid-19) pandemic.

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    888 Holdings has reported a rise in customer activity across its casino and poker services, but the online gambling operator warned its sports betting business is likely to suffer as a result of cancelled events worldwide.

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    Table games supplier Galaxy Gaming’s revenue increased 14.5% to $21.3m for 2019 and said it remains confident that it has the funds to survive the closure of many casinos due to the outbreak of Covid-19.

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    The American Gaming Association (AGA) has said that the widespread shutdown of casinos across the US could cost the country’s economy as much as $43.5bn over the next two months.

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    British industry body The Betting and Gaming Council has written to the Chancellor of the Exchequer after the gambling industry was excluded from all forms of business rate relief intended to ease the impact of the novel coronavirus (Covid-19) pandemic.

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    Sweden-facing operator Svenska Spel has announced that it will make a further SEK5m (£412,970/€444,748/$481,213) in grants available this year to research projects focused on gambling addiction.

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    The Pennsylvania Gaming Control Board (PGCB) has reported a marginal rise in market revenue for February, despite a 79.4% month-on-month decline in the sports betting vertical.

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    Gaming machine supplier Aristocrat Leisure and platform provider Aspire Global have both issued updates on how the novel coronavirus (Covid-19) is affecting their business.

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    The American Gaming Association (AGA) has urged federal government to offer additional support to the gambling industry as the market continues to feel the effect of the novel coronavirus (Covid-19) pandemic.

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    Businesses across the gambling industry continue to see the effects of the novel coronavirus disease (Covid-19), with several issuing trading updates on how the pandemic may affect their earnings.

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    Casino table game supplier Galaxy Gaming has suspended billing any casinos that have closed due to the outbreak of the novel coronavirus disease (Covid-19).

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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