Daily news

daily_news
29 September 2020
ATG chief slams Swedish authorities over horse race funding
The chief executive of Sweden’s former horse racing monopoly AB Trav och Galopp (ATG) has criticised the country's government for failing to to require all operators offering bets on horse racing to provide financial support to the industry.
daily_news
29 September 2020
Tab NZ exceeds expectations in first month with $32.1m GGR
Tab NZ exceeded expectations and its predecessor’s performance in its first month of activity, achieving year-on-year growth in turnover, revenue and profit in August.
daily_news
16 September 2020
Further JRA off-track betting facilities set to reopen
The Japanese Racing Association (JRA) has announced it will reopen its J-Place Kasamatsu, Ena and Tosu off-track betting (OTB) facilities from 19 September.
daily_news
10 September 2020
JRA to reopen more off-track betting facilities
The Japanese Racing Association has set out plans for a partial reopening of more of its Park Wins, Wins and J-Place off-track betting facilities from Saturday 12 September.
daily_news
10 September 2020
Sportech losses widen as revenue drops in H1
Betting technology supplier Sportech's losses widened five-fold in the first half of 2020 as the impact of the novel coronavirus (Covid-19) led to a 38.7% drop in revenue to £20.2m (€22.2m/$26.3m).
daily_news
9 September 2020
Codere hammered by Covid-19 in first half
Southern European and Latin American operator Codere was hit hard by novel coronavirus (Covid-19) in the first half of 2020, with the pandemic shuttering its land-based venues and the resulting lack of sports weighing down its online business.
daily_news
1 September 2020
HKJC turnover declines amid Covid-19 disruption in 2019-20
The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.
daily_news
26 August 2020
Betfred makes ZAR925m offer for beleaguered Phumelela
British operator Betfred has made an offer to purchase struggling South African racing operator Phumelela for between ZAR875m and ZAR925m (£39.6m-£41.9m/€44.2m-€46.7m/$52.1m/$55.0m).
daily_news
25 August 2020
BHA eyes spectators' return in racing recovery plan
The British Horseracing Association has published its Racing Recovery Plan, through which it intends to work towards the resumption of full racing activity in front of spectators.
daily_news
25 August 2020
France Galop cautiously optimistic of racing's recovery
France Galop, the governing body for the country’s flat and steeplechase racing sector, says that while proceeds from betting on racing will be down year-on-year, it has been encouraged by growth in the sector from June onwards. This growth, it noted, had prompted horse race betting operator Pari-Mutuel Urbain (PMU) to raise its full-year profit forecasts.
daily_news
24 August 2020
Illinois Governor reinstates remote registration for betting
Bettors in Illinois will be able to sign up for an online sports betting account without travelling to a physical location after Governor J.B. Pritzker reinstated an executive order suspending in-person registration.
daily_news
21 August 2020
Increased interest in Swedish racing boosts ATG in H1
Sweden’s AB Trav och Galopp says that the suspension of sporting events as a result of novel coronavirus (Covid-19) in the first half of 2020 benefitted its performance, as customer attention shifted to its core horse race betting product.
daily_news
19 August 2020
Phumelela aims to divest racing operations in rescue plan
South African racing operator Phumelela Gaming and Leisure Group has published its business rescue plan, which could see it sell its horse racing business as it struggles with debts of up to ZAR1.17bn.
daily_news
17 August 2020
Horse racing resumes in Michigan at Northville Downs
Horse racing – and simulcast wagering – has resumed in Michigan, with Northville Downs holding live standardbred races from August 14.
daily_news
14 August 2020
Puerto Rico begins consultation on sports betting regulation
Puerto Rico has taken a step towards launching legal sports betting over a year after legalizing the vertical, beginning a 30-day consultation on sports betting regulations developed in partnership with Gaming Laboratories International (GLI).
daily_news
12 August 2020
DraftKings launches first retail sportsbook in New Hampshire
DraftKings has launched New Hampshire’s first retail sportsbook, in partnership with the state lottery and Eureka Casino-owned venue The Brook.
daily_news
10 August 2020
Indiana betting revenue and handle recover strongly in July
The Indiana Gaming Commission has reported the strongest month for the state’s sports betting market since February, with revenue and handle both soaring in July.
daily_news
3 August 2020
New era for NZ racing as TAB takes charge
A new era has begun in New Zealand’s horse racing industry, with TAB New Zealand taking charge of the sector from 1 August.
daily_news
31 July 2020
BHA to increase racing prize money from September
The British Horseracing Authority (BHA) has announced that it plans to increase minimum prize money levels from September, with the appearance money scheme, designed to deliver more value for mid- and lower-tier trainers also set to resume that month.
daily_news
3 July 2020
Covid-19: exchange rate update offsets $2bn downgrade
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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