Daily news

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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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    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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    H2 Gambling Capital saw the first gain in its 2020 gross gambling win forecasts this week since it started tracking the impact of the pandemic on the sector five months ago.

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    New obstacles to recovery in the Asia-Oceania region erased hopes of a stabilisation of H2 Gambling Capital’s forecasts for the global gambling sector this week

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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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    Greek gaming operator OPAP said a shutdown of its retail network as a result of the novel coronavirus (Covid-19) pandemic led to a year-on-year decline in revenue and profit during the first quarter.

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    H2 Gambling Capital has provided the biggest downgrade to its annual outlook for the global gambling sector in three weeks as reopenings in Asia fell short of expectations

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    News of significant reopenings and sporting restarts in June saw a slight rebound in H2 Gambling Capital’s expectations for the European and Asian markets in 2020.

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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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    H2 Gambling Capital has further downgraded its GGR forecast for the global gambling sector as the novel coronavirus (Covid-19) outbreak continues to negatively impact revenues and outlook.

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    Betsson chief executive Pontus Lindwall described the operator’s first quarter performance as “strong in all areas” after it reported year-on-year revenue growth and achieved a hat-trick of key milestones in the period.

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    H2 Gambling Capital has downgraded its 2020 revenue forecast for the sector to 13.6% following the US’ extension of social distancing measures to the end of April

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    Finnish state-owned gambling operator Veikkaus has reported a year-on-year decline in both gross gaming revenue and profit for 2019, due in part to new social responsiblity measures implemented  restrictions it imposed to protect customers gambling online.

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    Betclic Everest Group’s Central Europe-facing subsidiary Bet-at-Home brought in revenue of €143.3m in 2019, almost exactly level with its 2018 total, while back taxes in Austria hit the operator's full-year profit.

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    Unibet operator Kindred Group has revealed a year-on-year decline in profit for 2019, primarily due to higher costs associated with its expansion efforts in the US.

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    Sports betting provider Kambi has put year-on-year revenue and profit growth in 2019 primarily down to its expansion into several new markets within the US.

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    Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.

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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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    After another difficult quarter, Betsson chief executive Pontus Lindwall has talked up the possibility of acquisitions and expansion into new markets, after the operator reported year-on-year declines in revenue and profit for the third quarter of the year.

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    Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.

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