Daily news

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    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.

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    The significant expansion and diversification of Flutter Entertainment’s operations through its acquisition of The Stars Group helped the operator mitigate the disruption caused by novel coronavirus (Covid-19) in the first half of the year.

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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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    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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    Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.

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    Acroud - the affiliate marketing business formerly known as Net Gaming -  saw revenue drop by 10.5% to €6.8m in the first half of 2020 as casino declines offset poker growth while profits were halved by currency fluctuations.

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    Online random number generator (RNG) games will face a three-second spin limit and may not be advertised outside of an operator’s website, according to the country’s new secondary legislation as part of its Gambling Reform Act.

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    Industry giant Playtech has rolled out a range of online casino content and its poker technology with Baltic-facing operator Enlabs.

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    The Swedish Gaming Inspectorate’s (Spelinspektionen) latest report on gambling amid the novel coronavirus (Covid-19) pandemic warns that the impact of the crisis on problem gambling figures will not be apparent until later in 2020 at the earliest.

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    H2 Gambling Capital upgraded online gambling’s share of expected 2020 global gross win to 17.4% this week, with this expected to edge past 18% in the not-too-distant future.

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    Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).

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    An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.

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    Nevada gaming revenue fell 99.4% year-on-year to just $5.8m in May, though this total represented an improvement on April’s $3.6m total.

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    H2 Gambling Capital saw the first gain in its 2020 gross gambling win forecasts this week since it started tracking the impact of the pandemic on the sector five months ago.

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    Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.

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    The Maltese gaming industry contributed €1.56bn to the country’s economy, up 9.6% year-on-year, according to the Malta Gaming Authority (MGA)’s latest 2019 annual report.

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    The Regional Council of Darmstadt, the body responsible for licensing and prohibition under the third State Treaty on Gambling, looks set to develop transitional regulations rather than pursuing enforcement action against online casino and poker operators. 

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    New obstacles to recovery in the Asia-Oceania region erased hopes of a stabilisation of H2 Gambling Capital’s forecasts for the global gambling sector this week

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    More gamblers in Sweden have decreased play than increased during the novel coronavirus (Covid-19) pandemic, but more than a quarter of high risk customers are playing more according to a Lund University study.

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    H2 Gambling Capital's tracking of the cumulative impact of the pandemic on the global gambling sector has seen the biggest absolute fall in FY expectations for five weeks.

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