Revenue for Sazka Group-owned Greek gaming giant OPAP fell 34.8% year-on-year in the first half of the year due to the disruption caused by novel coronavirus (Covid-19). However, the operator said it saw performance rapidly recover once lockdown restrictions in Greece were eased and sporting events resumed.
Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.
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.
Sazka Group believes it is coming to the end of the disruption caused by the novel coronavirus (Covid-19) pandemic, but says the rapidly evolving situation makes it difficult to determine the crisis' economic impact on the business.
Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.
Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.
The executive leadership of Scientific Games has voluntarily reduced its salaries by 50%, with chief executive Barry Cottle going without pay, as part of the solutions giant’s efforts to mitigate the novel coronavirus (Covid-19) pandemic.