Daily news

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    GVC Holdings submitted a plan to German state lawmakers in which the terms of the country’s new regulatory framework for gambling would be phased in, rather than implemented in full on a set date.

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    SkyCity Entertainment Group's Auckland casino will remain closed until 31 August, after the New Zealand government extended its Alert Level 3 restrictions in place for the city until that date.

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    Casinos and bingo halls in the Colombian city of Medellín will be permitted to reopen from the third week of September (starting 14 September) after being closed since March because of the novel coronavirus (Covid-19) pandemic.

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    Casino Royale, located on the Las Vegas strip and owned by hotel chain Best Western, is to lay off 98 employees because of the impact of novel coronavirus (Covid-19) on the property.

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    Online gambling revenues drastically increased in Portugal during lockdown, with operators bringing in revenue of €138.9m, up 44.2%, in the first half of 2020, new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ) have revealed.

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    Denmark’s regulated gambling revenue fell 19.2% year-on-year in the first half of 2020, after novel coronavirus (Covid-19) slashed land-based gaming and sports betting’s contribution in the second quarter.

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    Kangwon Land’s flagship casino in Jeongseongun, South Korea has been closed until 29 August following a resurgence of novel coronavirus (Covid-19) in the country.

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    Bettors in Illinois will be able to sign up for an online sports betting account without travelling to a physical location after Governor J.B. Pritzker reinstated an executive order suspending in-person registration.

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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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    Finnish gambling monopoly operator Veikkaus expects its 2020 profits to fall by as much as €300m, after reporting a 28.1% year-on-year decline in gross revenue and 33.6% drop in profit for the first half of the year.

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    New Zealand casino operator SkyCity Entertainment Group has revised its earnings forecasts for its fiscal year to 30 June, factoring in a higher than expected insurance payout and an NZ$161m impairment to the value of its casino in Adelaide, Australia.

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    Australian land-based operator Crown Resorts made AU$2.24bn (£1.22bn/€1.35bn/$1.60bn) in revenue for the year ending 30 June, 2020, a 23.6% decline, as the novel coronavirus (Covid-19) pandemic had a major impact on business for the latter half of its fiscal year.

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    Macau integrated casino resort Studio City International Holdings has posted a $161.9m net loss for the first half of the year as its operations were severely hit by the novel coronavirus (Covid-19) pandemic.

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    Australian casino operator Star Entertainment Group has put a comprehensive loss of Aus$85.4m (£46.6m/€51.7m/US$61.2m) for its 2020 financial year down to the impact of the novel coronavirus (Covid-19) pandemic on its land-based operations.

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    The European Commission has extended the standstill period in place for Germany’s revamped gambling legislation, while a number of stakeholders have flagged a range of concerns with the proposed regulatory framework.

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    Table games supplier Galaxy Gaming saw revenue collapse 87.8% year-on-year to just $664,000 in the second quarter of 2020 as it warned it may struggle to meet some of its covenants.

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    GAN is launch its Simulated Gaming solution for Native American casino operator Laguna Development Corporation’s (LDC) Route 66 Casino property near Albuquerque, New Mexico.

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    SunCity Group has issued a profit warning despite significantly reducing losses in the first half of 2020, while the business' chair Alvin Chau Cheok Wa is to provide an additional HK$6bn (£5853m/€648.6m/US$774.3m) in funding.

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    Golden Nugget Online Gaming (GNOG), the igaming division of the casino chain that is preparing a stock market listing, has revealed that gross gaming revenue for the second quarter of 2020 almost doubled year-on-year.

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    The Illinois Gaming Board has announced new restrictions for land-based gambling facilities in the state in response to an increase in novel coronavirus (Covid-19) cases.

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