Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).
Virtual sports and casino game developer Leap Gaming has seen gross gaming revenue rise 123% for the opening five months of 2020, with the business now expecting to post a profit in the third quarter of the year.
Czech gaming conglomerate Sazka Group has reported an 11.5% year-on-year decline in gross gaming revenue for the first quarter of 2020, after the business’s retail gaming operations were disrupted by the novel coronavirus (Covid-19) from mid-March.
South African gaming and entertainment business Tsogo Sun Gaming said it lost an estimated ZAR400m in revenue as a result of the novel coronavirus (Covid-19) pandemic disrupting operations in its fiscal year ended 31 March, 2020.
France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.
Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.
Danish gaming operator Danske Spil has reported a marginal year-over-year increase in revenue for the first quarter of 2020, with declines in its igaming and gaming machine arms mitigated by growth in its lottery business.
Bragg Gaming Group has reported strong growth in revenue for 2019, with the growth of its game development arm Oryx and diversification of the subsidiary’s customer base helping the business cut its net loss for the year.
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.
Exclusive data from H2 Gambling Capital lays bare the decline in British betting and gaming gross win as a result of novel coronavirus (Covid-19), though iGB's principal data partner suggests the igaming sector should help the sector rebound.
The Iowa Racing and Gaming Commission (IRGC) has reported an 87.2% month-over-month decline in sports betting revenue for April, after the novel coronavirus (Covid-19) pandemic all but cleared the sporting calendar and shuttered the state’s casinos.
Swedish gaming operator LeoVegas has reported a 3.6% year-on-year rise in revenue for the first quarter of 2020, aided by growth the Nordic region offsetting a decline in revenue from the rest of Europe.
Greek gaming and lotteries giant Intralot has seen its net loss from continuing operations grow to €111.9m in 2019, after what the business described as a “transition year” in which group turnover and gross revenue both fell.
Betclic Everest Group subsidiary Bet-at-Home has reported a 17.9% year-on-year decline in net revenue for the first quarter of 2020, with the business’ performance impacted by novel coronavirus (Covid-19) and struggles in certain markets.