Daily news

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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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    Casinos in Nevada must limit the number of players in their facilities and at gaming tables in order to prevent transmission of novel coronavirus (Covid-19) when they reopen following a statewide lockdown.

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    MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s profits skyrocketed due to sales of two of its properties.

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    Growth in online gambling outpaced a decline in land-based activity in Portugal in the first quarter of 2020, as combined revenue grew 8.4% to €131.8m (£114.4m/$143.2m).

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    The GB Gambling Commission has announced it will direct £9m in funds from regulatory settlements to GambleAware, a commissioning charity that supports initiatives to tackle gambling-related harm, during the novel coronavirus (Covid-19) pandemic.

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    Lithuania's regulated gambling market saw revenue for the first quarter of 2020 fall 2.8% year-on-year to €25.9m, with an increased online contribution not enough to offset land-based declines caused by novel coronavirus (Covid-19).

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    The Finnish Ministry of the Interior has issued a decree significantly reducing monthly and weekly loss limits for online casino offered by Veikkaus, while the monopoly operator has also announced that raffle draws will be suspended until further notice.

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