Daily news

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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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    MGM Resorts International announced that its Las Vegas-based Mirage resort will reopen for business on 27 August, following several months closed due to the novel coronavirus (covid-19) pandemic.

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    US commercial gross gaming revenue (GGR) for the first half of 2020 fell 45.6% year-on-year to $11.70bn, according to the latest figures from the American Gaming Association (AGA).

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    Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.

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    Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£4.0m/$5.2m) as the novel coronavirus (Covid-19) pandemic led to online revenue overtaking that of the land-based sector.

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    Gaming technology supplier AGS’s revenue fell 77.5% to $16.8m as its losses increased almost six-fold for the three months ending 30 June.

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    In their first month back after closures due to the novel coronavirus (Covid-19), Nevada casino revenue reached $566.8m, down 45.6% year-on-year, with sportsbooks in the state reporting their first monthly loss in almost seven years.

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    H2 Gambling Capital downgraded its annual expectations for the global gambling sector by a further $780m to $356.9bn this week.

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    The Oklahoma Supreme Court has voted to reject two tribal gaming compacts signed by Governor Kevin Stitt, ruling that both agreements are invalid under state law.

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    H2 Gambling Capital upgraded online gambling’s share of expected 2020 global gross win to 17.4% this week, with this expected to edge past 18% in the not-too-distant future.

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    Live dealer market leader Evolution Gaming has reported strong growth in the first half of 2020, with profit for the period almost doubling.

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    The Japanese Racing Association's Q2 results coming in ahead of pre-Covid expectations saw a stabilisation in H2 Gambling Capital’s 2020 forecast this week.

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    Oklahoma’s Governor Kevin Stitt has signed new tribal betting compacts with the United Keetoowah Band of Cherokee Indians (UKB) and Kialegee Tribal Town (KTT).

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    Table games supplier Galaxy Gaming has reported a 15.9% year-on-year decline in revenue for the first quarter of 2020, primarily due to the closure of land-based casinos as a result of the novel coronavirus (Covid-19) pandemic.

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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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    MGM Resorts International has announced plans to reopen three more of its Las Vegas casinos in the coming weeks as the business emerges from the novel coronavirus (Covid-19) enforced shutdown.

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    Live dealer specialist Evolution Gaming has struck a strategic agreement with Golden Nugget that will see it expand the range of games provided to the US casino operator.

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    Colombian gambling regulator Coljuegos has published regulations governing the launch of live dealer online casino games in the country, having approved the legalisation of the vertical in April.

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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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