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.
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.
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.
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.
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.
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.
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.
Star Entertainment Group has announced it will relax certain novel coronavirus (Covid-19) restrictions at its Star Sydney property from today (1 July), while the Australian operator also confirmed it will reopen some facilities at its Star Gold Coast and Treasury Brisbane venues later this week.
New Zealand-based casino operator SkyCity Entertainment Group has reopened its gaming, entertainment and hospitality facilities in Adelaide, Australia, and also revealed that its recent NZ$180m (£93.9m/€102.8m/US$115.3m) share placing drew strong support from investors.