Canadian media business theScore has revealed that an increase in spending, mainly related due to its expansion efforts in North America, led to it posting a net loss of $14.6m in the first half of its financial year.
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.
The Delaware Lottery has reported a year-on-year fall in sports betting revenue for March, but the $571,486 generated by operators during the month was higher than the total collected in February 2020.
Flutter Entertainment reported a 16% year-on-year increase in revenue for the first quarter of 2020, though growth slowed as a result of the novel coronavirus (Covid-19) pandemic suspending sports and closing of venues.
The Pennsylvania Gaming Control Board (PGCB) saw gambling revenue in the state more than half in March due to the widespread shutdown of casinos and postponement of sports events as a result of the novel coronavirus (Covid-19) outbreak.
Swedish gambling operator Svenska Spel has brought forward a payment of SEK20m (£1.6m/€1.8m/$2.0m) to grassroots sports initiatives across the country due to concerns over how the novel coronavirus (Covid-19) will impact the projects.
The New Jersey Division of Gaming Enforcement has reported a 58.4% year-on-year decline in sports betting revenue in March, primarily due to the widespread shutdown of sports events as a result of the novel coronavirus (Covid-19) crisis.
The GB Gambling Commission's ban on using credit cards to fund gambling has come into effect today (14 April), with the regulator hailing its implementation as particularly timely as a result of the coronavirus (Covid-19) lockdown.
American Gaming Association (AGA) president and chief executive Bill Miller has written directly to US President Donald Trump, urging him to amend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) to include gaming businesses.
Kambi Group has revealed that it expects to achieve a year-on-year increase in revenue for the first quarter of 2020, while the sports betting service provider has set out a series of cost-saving measures to help mitigate the impact of novel coronavirus (Covid-19).
The New York State Gaming Commission has reported a month-on-month rise in sports betting revenue for March, despite the state’s market being impacted by the novel coronavirus (Covid-19) global pandemic.
GVC Holdings has reported a year-on-year rise in revenue for the first quarter, despite business slowing down due to the novel coronavirus (Covid-19) global pandemic, but has chosen to cancel a planned dividend payment due to ongoing uncertainty over the outbreak.