Daily news

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    The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business posting a net loss of $279.6m.

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    Betclic Everest Group subsidiary Bet-at-Home said it remains on track to hit its full-year targets despite withdrawals from newly-regulated markets and the novel coronavirus (Covid-19) pandemic causing a decline in first half revenue and earnings.

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    The Oregon Lottery’s SBTech-powered sportsbook app Score Board has seen revenue and handle growth continue into June, thanks again to the strong performance of football, mixed martial arts and table tennis.

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    The British Horseracing Authority (BHA) has announced that it plans to increase minimum prize money levels from September, with the appearance money scheme, designed to deliver more value for mid- and lower-tier trainers also set to resume that month.

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    H2 Gambling Capital has announced a slight upgrade to its projections for 2020 global gambling gross win this week, while igaming revenue is now expected to break $100bn within five years.

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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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    Churchill Downs Incorporated (CDI) has reported a year-on-year fall in revenue and a net loss for the first half of 2020, primarily due to the impact of the novel coronavirus (Covid-19) pandemic on the operator.

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    In their first month back after closures due to the novel coronavirus (Covid-19), Nevada casino revenue reached $566.8m, down 45.6% year-on-year, with sportsbooks in the state reporting their first monthly loss in almost seven years.

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    TheScore has seen revenue fall 71.8% year-on-year in the three months to May 31, in a period which chief executive John Levy described as an “unprecedented challenge” for the Canadian media and betting business.

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    Rhode Island’s legal sports betting market generated $18.7m in revenue during the state’s 2019-20 financial year, despite the final four months of the period being impacted by the novel coronavirus (Covid-19) pandemic.

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    The Colorado Department of Revenue has reported a month-on-month rise in sports wagering revenue in June, while player spending on betting also increased by 48.8%.

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    Online sports betting operator PointsBet has reported a 190.9% year-on-year rise in net revenue during its 2020 financial year, aided by strong growth from its core Australian operations.

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    Rush Street Interactive (RSI) is set to be the latest US online gambling operator to go public after agreeing a reverse merger with special purpose acquisition company dMY Technology Group.

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    Scientific Games' losses increased in Q2 as revenue fell 37.2% to $539m (£423m/€465m), but the business said its results were "better than expected" given the outbreak of the novel coronavirus (Covid-19).

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    Kindred Group has reported a year-on-year rise in revenue during the first half of the year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    H2 Gambling Capital downgraded its annual expectations for the global gambling sector by a further $780m to $356.9bn this week.

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    Betsson has revealed that it was able to achieve record revenue in the second quarter of 2020 despite “challenging” operating conditions caused by the novel coronavirus (Covid-19) pandemic.

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    Norwegian horse racing monopoly Norsk Rikstoto has reported a year-on-year increase in turnover during the first half of the despite being impacted by the novel coronavirus (Covid-19) pandemic.

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    Svenska Spel chief executive Patrik Hofbauer said the operator is showing signs of recovery following the disruption caused by novel coronavirus (Covid-19), which led to a 9.6% year-on-year revenue decline in the first half of the year.

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    Affiliate giant Catena Media has said that it expects to achieve record revenue and profit in the second quarter of 2020, despite its business being affected by the novel coronavirus (Covid-19) pandemic.

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