Daily news

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    Australian lotteries and gaming giant Tabcorp has raised approximately AU$230m from the sale of shares to retail investors, taking its total proceeds from an accelerated entitlement offer to $600m.

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    Czech gaming conglomerate Sazka Group says it is showing signs of recovery following the novel coronavirus (Covid-19) shut-down, which resulted in revenue and profit falling in the first half of 2020.

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    Asian operator Hong Kong Jockey Club will resume draws for its Mark Six lottery game from 24 September, after a suspension stretching back to February.

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    The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.

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    Australian lotteries and gaming giant Tabcorp has completed the sale of new shares to institutional investors through which it raised AU$371m, and now aims to raise a further $229m from retail investors.

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    Australian lotteries and gaming operator Tabcorp has launched an accelerated entitlement offer through which it aims to raise up to Aus$600m in new equity.

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    Australia’s Tabcorp has seen revenue fall 4.8% in its fiscal year ended 30 June, amid disruption caused by the novel coronavirus (Covid-19) pandemic, with a hefty impairment charge resulting in the operator swinging to a loss for the year.

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    The Bulgarian National Revenue Agency (NRA) has officially taken over responsibility for the regulation of gambling, after lawmakers voted to abolish the country’s dedicated authority, the State Commission on Gambling (SCG).

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    La Française des Jeux (FDJ) said a strong performance after France emerged from its novel coronavirus (Covid-19) lockdown has reduced a decline in revenue for the first half of the operator’s financial year.

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    The Hong Kong Jockey Club (HKJC) has closed seven off-course betting facilities (OTBs) and delayed the relaunch of Mark Six lottery draws after a resurgence of novel coronavirus (Covid-19) in the Chinese special administrative region.

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    New figures released by the Polish Ministry of Finance reveal that while the country has seen gambling revenue decline for the year to date, newly regulated products helped mitigate falls in online betting and land-based gaming.

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    Czech gaming conglomerate Sazka Group has reported an 11.5% year-on-year decline in gross gaming revenue for the first quarter of 2020, after the business’s retail gaming operations were disrupted by the novel coronavirus (Covid-19) from mid-March.

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    Greek gaming operator OPAP said a shutdown of its retail network as a result of the novel coronavirus (Covid-19) pandemic led to a year-on-year decline in revenue and profit during the first quarter.

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    Sazka-owned Greek gaming giant OPAP has reopened its Play gaming hall chain today (8 June), with video lottery terminals hosted across the rest of its retail network also going live for customers.

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    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.

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    Greek gambling operator OPAP has appointed chief commercial officer Jan Karas as acting chief executive while it seeks a permanent replacement for the outgoing Damien Cope.

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    Greek gambling operator OPAP is to reopen its network of retail stores across the country after the national government lifted certain restrictive measures related to the novel coronavirus (Covid-19).

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    The long-running dispute between Nigeria’s gambling regulator the National Lottery Regulatory Commission (NLRC) and the Lagos State Lottery Board (LSLB) could resume after the state regulator blacklisted a number of operators licensed by its federal counterpart.

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    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).

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