Daily news

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    Gaming solutions giant Playtech has reported a 22.5% year-on-year decline in revenue for the first half of 2020, after a strong start to the period was halted by the impact of novel coronavirus on B2B and B2C operations.

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    Czech gaming conglomerate Sazka Group says it is showing signs of recovery following the novel coronavirus (Covid-19) shut-down, which resulted in revenue and profit falling in the first half of 2020.

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    UK charities the Young Gamers & Gamblers Education Trust (YGAM) and Betknowmore UK have launched a new online training programme, with the aim of helping workers in the British gambling market to identify signs of problem gambling.

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    Austrian gaming giant Novomatic Group saw revenue fall and posted a €108.1m loss for the first half of the year, after the business’ predominantly land-based operations were hit hard by the novel coronavirus (Covid-19) pandemic.

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    Novomatic has struck a deal for Ainsworth Game Technology, in which the Austrian gaming giant holds a 52% stake, to distribute its products in the Asia-Pacific region.

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    German gaming giant Gauselmann Group has reported a 6.7% year-on-year rise in revenue for its 2019 financial year, despite its business being impacted by the novel coronavirus (Covid-19) pandemic.

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    Asia-Pacific casino operator Donaco International has appointed Lee Bug Huy as its new chief executive, with effect from today (3 September).

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    MGM Resorts International has appointed a number of executives from online media giant InterActiveCorp (IAC) to its board of directors.

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    Mobile operator Casumo is to purchase online casino business CasinoSecret for an undisclosed sum, the first acquisition in the company’s history.

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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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