Daily news

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    Swedish operator Svenska Spel has announced that it is to permanently close its Casino Cosmopol land-based venue in Sundsvall due to a decline in profits and footfall at the property.

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    GambleAware, Great Britain's charitable funding body for gambling related research, education and treatment, has announced that Mark Etches is to step down from his role as its chief executive at the end of March 2021.

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    The Young Gamers and Gamblers Education Trust (YGAM) has joined forces with Unison on a new initiative to provide members of the UK trade union with expert training on gambling and related harms.

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    GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.

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    Casino operator SkyCity Entertainment Group has said it will again temporarily close its casino property in Auckland, following the decision by New Zealand’s government to place the city in lockdown after recording several new local cases of the novel coronavirus (Covid-19).

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    The enlarged Gamesys Group has seen reported gaming revenue double year-on-year in the six months to 30 June, aided by record revenue from Asia.

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    Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.

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    Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.

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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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    Veteran industry executives Perry Stasi and David Schugar have established a new consulting and compliance group to help operators keep players and staff safe as businesses reopen following the novel coronavirus (Covid-19) shutdown.

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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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    GVC Holdings has reported an 11% year-on-year decline in revenue for the first half of 2020, though outgoing chief executive Kenneth Alexander hailed the strong performance of the operator’s online business during the period.

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    The Belgian Ministry of Security and the Interior has issued a decree making the wearing of masks in the country’s gambling venues compulsory.

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    Austria’s Union of Private Sector Employees, Printing, Journalism, and Paper (GPA-djp) has attacked the ambitious restructuring plan agreed by Casinos Austria earlier this week, saying that the state oversight of the business has failed.

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    The supervisory board of Casinos Austria has approved a proposal from the business’ management team for a far-reaching restructuring plan through which it aims to reduce costs by more than €40m, but which will see its employee headcount significantly reduced.

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    Eldorado Resorts has secured approval from the Nevada Gaming Control Board and Gaming Commission to proceed with its proposed acquisition and subsequent merger with Caesars Entertainment Corporation.

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    Shareholders of Roar Digital, the joint venture between MGM Resorts and GVC Holdings, have committed to a second round of investment in the business, bringing its total funding to $450m.

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    Circus Circus Casino has filed a lawsuit against insurance company AIG for damages exceeding $75m in the United States District Court for Nevada, arguing the operator’s AIG insurance policy failed to cover “all risks” as specified during the novel coronavirus (Covid-19) crisis.

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    iGaming Academy, a training provider owned by Conexus Group, is offering free e-learning courses to help gaming businesses make themselves ready to tackle the effects novel coronavirus (Covid-19).

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    A new UK National Health Service (NHS) backed Primary Care Gambling Service (PCGS) that provides help for adults who have problems related to gambling has opened in London.

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