Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).
Rank Group believes its profit for the fiscal year ended 30 June 2020 will come in at the lower end of its £48m to £58m guidance following the disruption caused by the novel coronavirus (Covid-19) pandemic.
A report from the UK’s House of Lords has set out a wide-ranging series of proposals to strengthen the gambling regulatory framework in Great Britain, including stake limits and a ban on gambling sports sponsorship.
GVC Holdings has declared its support for a number of recommendations made by the House of Lords in regards to the gambling regulatory framework in Great Britain, including a call to accelerate the review of the 2005 Gambling Act.
A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.
The UK’s Advertising Association (AA) has rejected proposals from the Gambling Related Harm All Party Parliamentary Group (APPG) to ban all forms of gambling advertising, saying that such a move is not necessary at present.
More gamblers in Sweden have decreased play than increased during the novel coronavirus (Covid-19) pandemic, but more than a quarter of high risk customers are playing more according to a Lund University study.
South African gaming and entertainment business Tsogo Sun Gaming said it lost an estimated ZAR400m in revenue as a result of the novel coronavirus (Covid-19) pandemic disrupting operations in its fiscal year ended 31 March, 2020.
Colombian regulator Coljuegos has updated its gaming regulation to help the sector weather the effects of the novel coronavirus (Covid-19) pandemic, allowing for the operation of scratchcards and video bingo games.