The New Jersey Division of Gaming Enforcement has reported a 68.9% year-on-year drop in gaming revenue for April, after the novel coronavirus (Covid-19) pandemic shut down casinos and suspended sporting events.
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.
Swedish operator Svenska Spel has extended its partnership with the Swedish Sports Federation until the end of 2020, in a deal that will see a further SEK17m (£1.4m/€1.6m/$1.7m) distributed to organisations across the country.
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.
Gaming Innovation Group (GiG)’s combined revenue declined 3.9% to €31.1m for in the first quarter of 2020, with the business divesting its B2C assets and moving towards a purely B2B focus in the period.
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.
The increase in remote gaming duty (RGD) from April 2019 led to significant hike in tax paid by Great Britain’s gambling licensees paid for the fiscal year ended 31 March 2020, mitigating a decline in machine gaming duty (MGD).
Sazka Group has reported a 6.0% year-on-year rise in gross gaming revenue for 2019, with all subsidiaries growing during the year, while the sale of its Croatian subsidiary has more than doubled net profit for the period.
The closure of Nevada’s casinos from 17 March as a result of the novel coronavirus (Covid-19) pandemic has resulted in gaming revenue falling 39.6% year-on-year, with the state’s sportsbooks hit especially hard.
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.
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).
Swedish operator Svenska Spel saw revenue tick up 0.7% in the first quarter of 2020 to SEK2.14bn (£173.5m/€199.4m/$217.0m) and profit grow by 33.6% to SEK545m, despite the effects of the novel coronavirus (Covid-19).