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.
Online gambling rates in Denmark have declined during a nationwide lockdown to limit the spread of the novel coronavirus (Covid-19), according to data from the country’s Gaming Authority (Spillemyndigheden).
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.
Legal wagering is coming to Colorado today (May 1), with four operators preparing to launch, while a further tranche of licences were handed out at yesterday’s Limited Gaming Control Commission meeting.
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).
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.
Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).
Kindred Group reported an 11.3% rise in first quarter revenue, and while net profit fell to £1.0m, the operator said a number of exceptional costs incurred during the period made it difficult to compare results on a year-over-year basis.
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 Parliamentary All Party Betting & Gaming Group (APBGG) has commenced a review of the UK’s Gambling Act 2005 to establish what changes may be needed to ensure the laws are relevant to the technical and social developments since its conception.
Colorado’s Limited Gaming Control Commission has awarded a further round of sports betting licenses, with SBTech, Betfred and Churchill Downs among the latest to be approved, while the state remains on track to launch from May 1.
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.