Daily news

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    Lithuanian gambling revenue in the first half of 2020 fell by 15.9% to €43.8m (£4.0m/$5.2m) as the novel coronavirus (Covid-19) pandemic led to online revenue overtaking that of the land-based sector.

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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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    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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    The Japanese Racing Association's Q2 results coming in ahead of pre-Covid expectations saw a stabilisation in H2 Gambling Capital’s 2020 forecast this week.

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    Oklahoma’s Governor Kevin Stitt has signed new tribal betting compacts with the United Keetoowah Band of Cherokee Indians (UKB) and Kialegee Tribal Town (KTT).

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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'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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    MGM Resorts International has announced plans to reopen three more of its Las Vegas casinos in the coming weeks as the business emerges from the novel coronavirus (Covid-19) enforced shutdown.

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    Gaming technology supplier AGS has said that enforced closures as a result of the novel coronavirus (Covid-19) global pandemic were to blame for it posting a loss of $22.6m (£18.4m/€20.9m) in the first quarter.

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    Casinos in Nevada must limit the number of players in their facilities and at gaming tables in order to prevent transmission of novel coronavirus (Covid-19) when they reopen following a statewide lockdown.

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    MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s profits skyrocketed due to sales of two of its properties.

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    The Finnish Ministry of the Interior has issued a decree significantly reducing monthly and weekly loss limits for online casino offered by Veikkaus, while the monopoly operator has also announced that raffle draws will be suspended until further notice.

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    Dutch state-owned land-based operator Holland Casino's revenue and profit grew in 2019, the last full year before the country's online gambling market opens.

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    A meeting of Germany’s heads of state in Berlin saw lawmakers approve gambling regulations to legalise online poker and casino from 1 July, 2021, as well as deciding on the location of the country’s new regulatory authority.

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    Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.

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    iGaming solutions provider EveryMatrix has agreed a deal to launch its CasinoEngine content aggregation platform for Flutter Entertainment in a number of key regulated markets.

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    Licensed sportsbook operators in Pennsylvania generated collective revenue of $14.9m (£11.5m/€13.4m) in the second full month of regulated sports wagering, while interactive gaming revenue in September amounted to $5.3m.

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    State-wide gambling revenue in Pennsylvania amounted to $3.29bn in the 2018-19 financial year as the introduction of legal sports betting and higher income from slots gaming boosted the state .

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    Nevada’s sportsbook handle for the month of August remained behind New Jersey for August, despite a 22.1% increase to $287.8m, while overall casino revenue slipped back below $1bn at $952.4m.

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    Nevada has once again seen its sportsbook handle fall below that of New Jersey, with customers in the state wagering a total of $235.7m in July. 

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