Danish gaming operator Danske Spil saw revenue decline 7.8% year-on-year to DKK2.30bn (£281.1m/€309.1m/$365.2m) for the six months to 30 June, though like-for-like profit fell by just 2.9% thanks to a strong period for its lottery division and lower costs.
PointsBet has signed a five-year deal to become a betting, gaming and fantasy sports partner of The University of Colorado Buffaloes, becoming the first operator to sign an agreement with a “Power Five” collegiate sports team.
Dutch Minister for Legal Protection Sander Dekker has defended land-based monopoly Holland Casino in response to written questions from an MP regarding its responsible gambling practices, but acknowledged the casino does not keep track of individual player losses.
Igaming content developer and distributor Gaming Realms has reported a 65.9% year-on-year rise in revenue for the first half of 2020, which in turn helped the business report positive earnings for the period.Ig
The California Supreme Court has ruled in favour of tribes wishing to build new Class III casinos in California, removing a major barrier to decades-old plans for the construction of new facilities in the state.
Caesars Entertainment – the operating name for the newly combined Caesars Entertainment Corporation and Eldorado Resorts business – has agreed to sell its Harrah’s Louisiana Downs Casino, Racing & Entertainment property to Rubico Acquisition for $22.0m.
New York Governor Andrew Cuomo has announced that the state’s casinos will be permitted to reopen next week, having been closed for almost six months as a result of the novel coronavirus (Covid-19) pandemic.
New Zealand casino operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.
Casino junket and integrated resorts operator SunCity Group has reported a 69.5% year-on-year decline in revenue for the first half of 2020, though fair value gains related to its convertible bonds significantly reduced the business’ net loss for the period.
The Genting Malaysia division of conglomerate Genting Group has posted a loss of MYR1.4bn (£371.0m/€416.8m/$499.9m) for the first half of the year, due to the temporary closure of its leisure and hospitality facilities as a result of the novel coronavirus (Covid-19) pandemic.