Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.
A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.
Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.
Flutter Entertainment announced plans to accelerate US expansion and reduce debt through an equity placement that raised £812.6m, after revealing a 10% rise in revenue for the first 47 days of its second quarter.
New Zealand’s Racing Industry Transition Agency (RITA) will cut 230 jobs, including 150 permanent staff, at the Totalisator Agency Board (TAB) as a result of the disruption caused by novel coronavirus (Covid-19).
GambleAware has called for authorities to increase and expand the amount of help available to problem gamblers in the UK after new research found that almost half of affected players are choosing not access treatment or support.
The New Zealand Racing Industry Transition Agency (RITA) has launched a consultation on its revised racing calendar for the 2020-21 racing season, reflecting the impact of the novel coronavirus (Covid-19) pandemic.
The New Zealand Racing Industry Transition Agency (RITA) is to launch a consultation over a number of proposed changes to the TAB, including a signficant reduction in personnel, as a result of the novel coronavirus (Covid-19) pandemic.
Swedish gaming operator LeoVegas has reported a 3.6% year-on-year rise in revenue for the first quarter of 2020, aided by growth the Nordic region offsetting a decline in revenue from the rest of Europe.
The Greyhound Board of Great Britain (GBGB) has released provisional plans to resume greyhound racing behind closed doors when the current government restrictions for novel coronavirus (Covid-19) are relaxed.