Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.
Danish gaming operator Danske Spil has reported a marginal year-over-year increase in revenue for the first quarter of 2020, with declines in its igaming and gaming machine arms mitigated by growth in its lottery business.
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.
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).
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).
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.
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 International Betting Integrity Association (IBIA) has attacked the Greek government’s plans to set a 35% gross gaming revenue tax rate for operators, and queried the decision to restrict online play to those aged 21 and above.
Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.
The British Horseracing Association (BHA) has announced that scheduled racing events will continue to take place, albeit without spectators and with restrictions on the number of attendees, as a result of the novel coronavirus (Covid-19) pandemic.
William Hill has announced that it expects a material impact on revenue and earnings from the novel coronavirus (Covid-19) pandemic, and has therefore suspended its 2019 dividend to retain financial resources within the business.
The Italian government’s decision to effectively put the country into lockdown in a bid to stop the spread of novel coronavirus (Covid-19) has the potential to have a major impact on Italy’s retail gambling sector, industry observers have noted.