Daily news

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    The Swedish Gaming Authority (Spelinspektionen) has revealed that licensed operators in the country generated revenue of SEK24.8bn (£2.03bn/€2.34bn/$2.62bn) in 2019.

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    International Game Technology (IGT) has announced a lower net loss in 2019, despite reporting a year-on-year decline in consolidated revenue for the year.

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    Scientific Games has reported a year-on-year rise in revenue and a reduction in net loss for 2019, despite the year ending with a difficult fourth quarter in which gaming and social revenue declined. 

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    Online gaming revenue generated by operators across the European Union (EU) in 2018 amounted to €22.2bn (£18.7bn/$24.6bn), with the market expected to grow to almost €30bn by 2022.

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    Scientific Games has reported a 4% year-on-year increase in net revenue for the third quarter after growth across all of its business segments, which saw the supplier return to profitability for the period.

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    Greek lotteries and gaming solutions provider Intralot has put a 7.6% year-on-year drop in reported consolidated revenue primarily down to declines within its B2C division, specifically in the Argentina and Bulgaria markets.

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    A syndicate of eight investment banking groups have been selected to work on the privatisation of French state-owned gaming operator La Française des Jeux (FDJ).

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    Revenue from regulated gambling in the Czech Republic fell 21.3% in 2018 to CZK31.3bn (£1.1bn/€1.2bn/$1.4bn), with the decline down to a lower contribution from slot machines.

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    Greek gaming operator OPAP has reported a year-on-year increase in revenue and profit for the first quarter, primarily due to ongoing growth within its video lottery terminals and KINO lottery businesses.

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    New figures from the Swedish Tax Authority and gaming regulator Spelinspektionen suggest that net gaming revenue for Sweden’s land-based and online gaming market amounted to SEK6.0bn (£479.9m/€559.0m/$626.0m) in the first quarter of 2019.

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    Swedish gaming operator Svenska Spel has reported a 5.9% decline in net gaming revenue for the first quarter of 2019, with growth in the new Sport & Casino igaming division offset by struggles in its lottery and land-based gaming units.

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    Greek lotteries and gaming solutions provider Intralot is to launch a cost reduction plan after reporting declines in turnover for all key operating segments in its 2018 results, with its struggles blamed on foreign exchange losses and the failure to secure new supply contracts during the year.

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    International Game Technology (IGT) has reported a 2.2% year-on-year decline in revenue for 2018, though a reduction in operating costs and foreign exchange gains helped the supplier cut its full-year loss to $21m (£16.0m/€18.7m).

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    Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.

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    Finnish gaming monopoly operator Veikkaus has pledged to develop its digital offering over the next three years to ensure it doesn’t see profits cannibalised by offshore competition, after announcing slight declines in turnover and profit for 2018.

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    Veikkaus has published a mixed set of financial results for the first quarter, with net revenue up 2% year-on-year but sales down 1%

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    The Czech Republic looks set to raise tax on gambling winnings after lawmakers in the country’s lower house gave their initial approval to a bill that would allow for an increase.