Daily news

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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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    H2 Gambling Capital saw the first gain in its 2020 gross gambling win forecasts this week since it started tracking the impact of the pandemic on the sector five months ago.

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    Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.

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    The Maltese gaming industry contributed €1.56bn to the country’s economy, up 9.6% year-on-year, according to the Malta Gaming Authority (MGA)’s latest 2019 annual report.

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    California Senator Bill Dodd has announced that he is to remove his proposal to regulate sports betting from consideration, just a day before it was due to go to a vote of the Senate Appropriations Committee. 

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    New obstacles to recovery in the Asia-Oceania region erased hopes of a stabilisation of H2 Gambling Capital’s forecasts for the global gambling sector this week

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    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.

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    H2 Gambling Capital's tracking of the cumulative impact of the pandemic on the global gambling sector has seen the biggest absolute fall in FY expectations for five weeks.

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    France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.

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    H2 Gambling Capital has provided the biggest downgrade to its annual outlook for the global gambling sector in three weeks as reopenings in Asia fell short of expectations

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    The California Nations Indian Gaming Association (CNIGA) has criticised language formally legalising player-banked games at the state’s cardrooms in the sports betting bill put forward by Assemblymember Adam Gray and Senator James Dodd.

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    The Nevada Gaming Control Board (NGCB) has redacted its figures for sports betting, horse racing and card game revenue in its revenue report for April, which reveals the state’s gaming industry generated just $3.6m.

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    News of significant reopenings and sporting restarts in June saw a slight rebound in H2 Gambling Capital’s expectations for the European and Asian markets in 2020.

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    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.

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    H2 Gambling Capital has further downgraded its FY expectations for the sector to 21.5% below its pre-outbreak forecast.

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    More people in the UK have stopped gambling under lockdown than started or increased play, according to new data from the British Gambling Commission, though the regulator warned that evidence suggested session length for existing customers had risen.

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    H2 Gambling Capital has downgraded its 2020 expectations for global gambling gross win to $375.9bn, nearly $100bn or 20.6% below its pre-outbreak forecast

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    H2 Gambling Capital has further downgraded its GGR forecast for the global gambling sector as the novel coronavirus (Covid-19) outbreak continues to negatively impact revenues and outlook.

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    The GB Gambling Commission has announced it will direct £9m in funds from regulatory settlements to GambleAware, a commissioning charity that supports initiatives to tackle gambling-related harm, during the novel coronavirus (Covid-19) pandemic.

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    H2 Gambling Capital has further downgraded its revenue forecast for the global gambling market as the novel coronavirus (Covid-19) pandemic continues to disrupt the sector.

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